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1204 W 5th Ave, Lexington, NC, 27295

4beds
2baths
1,928sqft
$319,000
$165price/sqft
$2,135/moest. monthly cost
$85,400/yrincome needed

About This Home

Please do not disturb the tenants. Fully brick duplex offering immediate cash flow with both units currently leased at $1,020/month each. One unit is leased through December 2026, and the other through January 2027, providing stable, long-term income. Each unit features 2 bedrooms and 1 full bath, with functional layouts ideal for long-term tenants. Recent updates include fresh interior paint (2023) and new flooring throughout (2023), giving both units a clean, modern feel. Each unit is equipped with its own dedicated laundry space and updated laundry plumbing, adding convenience and long-term value. Low-maintenance brick exterior paired with a strong rental history makes this property a solid addition to any investment portfolio. Conveniently located near local amenities, shopping, and major roadways in Lexington. Great opportunity for investors!

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
4/10
Lexington Middle SchoolGrades 6-81.9 mi
2/10

Construction

Condition

  • Year built: 1967

Materials

  • Foundation: Slab
  • Construction materials: Brick Full

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Convection Oven,Dishwasher,Electric Cooktop
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,928

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,928
  • Total interior livable area: 1,928 sqft

Property

Details

  • Parcel number: 1133500000014E00
  • Zoning: R
  • Special condition: Standard

Lot

  • Lot size: 0.71 Acres

Parking

  • Parking features: Attached Carport
  • Carport: Yes