100% Occupied | 14-Unit Apartment Complex 302 S Broad St 14 Unit Apartment Building $2,050,000 ($146,429/Unit) Gastonia, NC 28054

Located in the heart of Gastonia, NC—just steps from the vibrant downtown and minor league baseball park—this 14-unit multifamily asset presents a compelling value-add opportunity in a high-demand submarket of the Charlotte MSA. Built in 1985 and fully occupied, the property spans ±11,000 square feet across three buildings on nearly an acre of land. The unit mix includes ten 2-bed/1-bath units, two 1-bed/1-bath units, and two 3-bed/1-bath units, each with central HVAC, washer/dryer hookups, and individually metered utilities.
Gastonia’s multifamily market is characterized by near-zero vacancy rates (2.0%) and limited new supply, creating strong upward pressure on rents. Current in-place rents are below market, offering immediate upside through strategic renovations and repositioning. The average household income in Gaston County is $85,381 and rising 5.3% annually, further supporting rent growth and long-term appreciation.
The property benefits from proximity to Charlotte, one of the fastest-growing cities in the U.S., with over 2.6 million residents in the metro area. Charlotte’s robust economy, anchored by 19 Fortune 1000 companies and a thriving financial sector, drives regional demand for quality housing. With its strategic location, stable occupancy, and below-market rents, this asset is well-positioned to deliver strong cash flow and long-term returns.