New

$3,075,000

19 hours ago

386 17 Th Ave Ne, Hickory, NC

Name: 386 17 Th Ave Ne, For Sale in Hickory - eXp Realty
Brand: Andrew Reed Properties, LLC
SKU: 4346637
Price: 3075000 USD

Condo

0 Bed

0 Bath

26000 sqft

MLS® 4346637

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size 26000 sqft

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 1966

Avg. Price Per Sqft $118

MLS® Number 4346637

Property Address: 386 17th Ave Ne, Hickory, NC, 28601-1856

Average square foot calculated using Size range provided by listing agent.

Description

The Eastmont Apartments, located at 386 17th Ave NE and 1601 4th St NE in Hickory, NC, is a 41-unit multifamily community situated on ±2.27 acres across two contiguous parcels. Built in 1966 and 1982, the property features a diversified, high-utility unit mix of 16 Studios, 10 One-Bedroom x One-Bathroom, and 15 Two-Bedroom x One-Bathroom residences. Eastmont Apartments offers durable in-place cash flow with a clear path to additional revenue through continued interior value-add renovations and rent optimization toward prevailing submarket levels. Hickory is strategically positioned at the crossroads of I-40 and US-321, approximately 58 miles from Charlotte, providing residents and employers with commuter-friendly access to Charlotte’s job base, airport connectivity, and amenities while maintaining a more attainable cost profile. The market also benefits from gateway connectivity to Western NC destinations, including Boone, NC, and Asheville, NC, reinforcing a compelling lifestyle draw that supports renter depth. A key differentiator for the submarket is its emergence as a Western Piedmont AI-era digital infrastructure corridor, anchored by hyperscale operators, Apple’s expanding $5 Billion Campus, Microsoft’s $1 Billion multi-site buildout, and nearby Google’s $1.2 Billion Lenoir data center investment, driving sustained infrastructure and capital investment tied to rising AI compute demand. For investors, Eastmont Apartments presents a compelling value-add opportunity with clear upside through continued interior upgrades and rent growth to prevailing market levels. The asset is positioned for long-term NOI expansion in a market supported by Charlotte's proximity and durable economic generators, including healthcare, advanced manufacturing, logistics/distribution, higher education, and AI-era digital infrastructure.

MLS® Number4346637

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area

Exposure

Exterior

GarageNo

Approx. Age1966

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 23, 2026List Date

$3,075,000List Price

Commute

Commute

Starting Address

Destination Address

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