1075 NW 7th Ave 8 Unit Apartment Building $1,050,000 ($131,250/Unit) Hickory, NC 28601

Introducing an 8-unit multifamily investment opportunity at 1075 NW 7th Avenue in the heart of Hickory, North Carolina. This fully leased, all-brick building offers an attractive income stream supported by 100% occupancy and a strong rent roll. Recent upgrades, including a newly replaced roof, enhance long-term durability and reduce near-term capital needs, making this an appealing turnkey solution for investors seeking stability.
The property encompasses 1.12 acres and delivers reliable revenue with units currently generating income in the $850 to $925 range per month, equating to approximately $88,500 in annual NOI and an estimated cap rate of 8.19%. Positioned within walking distance of Hickory’s revitalized Riverwalk and surrounded by major community investments, this location stands to benefit from ongoing urban growth initiatives. Tenants enjoy convenience to key roadways, retail amenities, and employment hubs, adding to the site’s long-term desirability.
Granville T12 represents a rare opportunity to acquire a cash-flowing asset in a growing market with upside potential through future upgrades and sustained rental demand.