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218 37th St SW, Hickory, NC, 28602

24beds
12baths
600sqft
$625,000
$1,042price/sqft
$3,960/moest. monthly cost
$158,400/yrincome needed

About This Home

Investor alert! Huge opportunity to purchase 12 units in Hickory NC to grow your portfolio! 7 out of 12 are currently leased, with the other 5 in the process of getting ready. Situated on +-2.5 acres, the possibilities are endless! Could also be purchased with 10 more units! Reach out for more info!

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

6/10
Hildebran ElementaryGrades PK-52.0 mi
3/10
East Burke MiddleGrades 6-84.0 mi
4/10
East Burke HighGrades 9-124.7 mi

Construction

Condition

  • Year built: 2013

Materials

  • Foundation: Other
  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Manufactured On Land,Multi Family,Manufactured Home

Interior

Bedrooms & Bathrooms

  • Bedrooms: 24
  • Bathrooms: 12
  • Full bathrooms: 12

Features

  • Flooring: Carpet,Vinyl,Other
  • Finished area below ground: 0
  • Finished area above ground: 600

Heating & Cooling

  • Heating features: Varies by Unit,Other
  • Cooling features: Wall/Window Unit(s),Window Unit(s),Other

Interior Area

  • Total structure area: 600
  • Total interior livable area: 600 sqft

Property

Details

  • Parcel number: 0032356
  • Special condition: Standard

Features

  • Levels: One, Two
  • Has view: Yes

Lot

  • Lot size: 2.52 Acres

Parking

  • Total spaces: 2
  • Parking features: Gravel,Other
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Tornado
Cold Wave
Hail
Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters in Burke County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $3,160$37,920
Home Insurance *$276$3,312
Property Taxes $324$3,888
Electricity $200$2,405
Total$3,960$47,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,771/yr
40% on housing$118,800/yr
45% on housing$105,600/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,042This listing

vs Other Active Listings

Avg $/sqft

ZIP 28602$147
Burke County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 28602$178
Burke County$195

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)

No zestimate history available

Price History

DateEventPrice
2025-09-08Listed for sale$675,000

For Sale by Agent

AgentMichelle Edwards Mitchell
BrokerageKeller Williams Elite Realty

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