INNOVATE Real Estate
Fiveplex at Gastonia
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7 photos

$525,000

Gastonia, NC 28052
Listed by Ari Firoozabadi · Greysteel North Carolina LLC
Bedrooms
7
Bathrooms
5
Living area
3,830 sqft
Year built
1920

About this home

• Exceptional 5-unit multifamily investment opportunity with value-add and organic rent growth potential. The property consists of 4 1-BR units and 1 3-BR unit. • All units were recently updated, the property is fully occupied, and rents are generally below market rates, positioning the property well for organic rent increases. • Rare opportunity to purchase a well-maintained property in close proximity to rapidly expanding FUSE District and Downtown Gastonia, one of the fastest growing cities in North Carolina and a major part of one of the fastest growing metropolitan areas in the nation (Charlotte MSA).

Property details

MLS #
CAR4334256
Property type
Fiveplex
Subdivision
N/A
Status
Active
Days on market
50
On market date
January 1, 2026
Stories
2
Total bathrooms
5
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Pleasant Ridge Elementary
0.7 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
810
Student:teacher ratio
14.2:1
District
Gaston County Schools
Middle
York Chester Middle
0.21 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
458
Student:teacher ratio
14.8:1
District
Gaston County Schools
High
Gaston Early College High School
3.85 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
238
Student:teacher ratio
23.8:1
District
Gaston County Schools

Walkability

Blended score for Gastonia's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

67
Walkable
out of 100
EPA National Walkability Index
8.8 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks7
Schools12
Transit stops4
Pharmacies5

Market position

How this listing compares to current activity in Gastonia, from live MLS data.

On the market 50 days -- 31 fewer days than Gastonia's current average of 81 days.
For reference, the median list price across 493 active listings in Gastonia right now is $320,000.

Mortgage calculator

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Est. monthly payment
$3,312/mo
$105,000 down
$420,000 loan
Principal & interest$2,724
Property tax (est.)$438
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated March 11, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.