386 17th Avenue Ne, Hickory, NC 28601
Local realty services provided by:ERA Live Moore
Listed by: jeff shugarts jr
Office: andrew reed properties, llc.
MLS#:4346637
Source:CH
386 17th Avenue Ne,Hickory, NC 28601
$3,075,000
- - Beds
- - Baths
- 26,000 sq. ft.
- Multi-family
- Active
Price summary
- Price:$3,075,000
- Price per sq. ft.:$118.27
About this home
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.
Contact an agent
Home facts
- Year built:1966
- Listing ID #:4346637
- Updated:February 23, 2026 at 05:17 PM
Rooms and interior
- Living area:26,000 sq. ft.
Structure and exterior
- Year built:1966
- Building area:26,000 sq. ft.
- Lot area:2.27 Acres
Schools
- High school:Hickory
- Elementary school:Viewmont
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,075,000
- Price per sq. ft.:$118.27
New listings near 386 17th Avenue Ne
- New
$314,990Active3 beds 2 baths1,533 sq. ft.3290 Eller Drive Extension, Hickory, NC 28602
MLS# 4290780Listed by: NVR HOMES, INC./RYAN HOMES - New
$225,000Active3 beds 2 baths1,216 sq. ft.515 26th Street Sw, Hickory, NC 28602
MLS# 4349755Listed by: LAKE HOMES REALTY LLC - Coming Soon
$250,000Coming Soon2 beds 2 baths1754 12th Street Ne, Hickory, NC 28601
MLS# 4347125Listed by: WEICHERT, REALTORS - TEAM METRO - New
$22,000Active0.73 Acres5586 Mountain Terrace Drive, Hickory, NC 28602
MLS# 4346558Listed by: RE/MAX LEGENDARY - New
$310,000Active3 beds 2 baths1,261 sq. ft.3321 39th Avenue Court Ne #5, Hickory, NC 28601
MLS# 4347746Listed by: BUY FROM ME REALTY INC - New
$284,990Active2 beds 2 baths1,188 sq. ft.3274 Eller Drive Extension, Hickory, NC 28602
MLS# 4290737Listed by: NVR HOMES, INC./RYAN HOMES - Open Sat, 12 to 4pmNew
$319,990Active3 beds 2 baths1,694 sq. ft.3283 Eller Drive Extension, Hickory, NC 28602
MLS# 4340971Listed by: NVR HOMES, INC./RYAN HOMES - Open Sat, 12 to 4pmNew
$299,990Active3 beds 2 baths1,338 sq. ft.3287 Eller Drive Extension, Hickory, NC 28602
MLS# 4344972Listed by: NVR HOMES, INC./RYAN HOMES - New
$231,990Active3 beds 3 baths1,442 sq. ft.1038E 15th Street Drive Ne, Hickory, NC 28601
MLS# 4348951Listed by: NVR HOMES, INC./RYAN HOMES - New
$584,900Active4 beds 4 baths3,125 sq. ft.1838 31st Avenue Lane Ne, Hickory, NC 28601
MLS# 4349172Listed by: RE/MAX A-TEAM