1204 W 5th Ave, Lexington, NC, 27295
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Davidson County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,511 | $18,132 |
| Home Insurance * | $108 | $1,296 |
| Property Taxes | $194 | $2,328 |
| Electricity | $200 | $2,405 |
| Total | $2,013 | $24,156 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $319,000 |
| 2025-12-06 | Listing removed | $1,020 |
| 2025-11-04 | Listed for rent | $1,020 |
| 2025-08-18 | Listing removed | $1,020 |
| 2025-08-12 | Listed for rent | $1,020 |
| 2023-09-15 | Sold | $265,000 |
| 2023-08-19 | Pending sale | $225,000 |
| 2023-08-14 | Listed for sale | $225,000 |
| 2022-03-08 | Sold | $125,000 |
| 2011-11-29 | Sold | $47,500 |
| 2011-07-28 | Sold | $30,550 |
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