386 17th Avenue, Hickory NC
- 2.3 ac
For Sale $3,075,000
Remarks:
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.
General Information:
| List Price: | $3,075,000 |
| Status: | For Sale |
| Type: | Apartment |
| Parking: | Parking Lot |
| MLS Number: | CAR4346637 |
| Year Built: | 1966 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Viewmont |
| Middle: | Northview |
| High: | Hickory |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 03-24-2026 | Listed | $3,075,000 | N/A |
| 05-15-2025 | Listed | $239,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Viewmont Elementary | 0 miles | PK-05 | 2 |
| Oakwood Elementary | 1 miles | PK-05 | 9 |
| W M Jenkins Elementary | 2 miles | PK-05 | 7 |
| Longview Elementary | 3 miles | PK-05 | 3 |
| Clyde Campbell Elementary | 3 miles | KG-06 | 6 |
| Saint Stephens Elementary | 4 miles | KG-06 | 2 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 386 17th Avenue, Hickory NC | 0 mi | $3,075,000 | days | |
| 1529 4th Street, Hickory NC | 0.1 mi | $245,000 | days | |
| 324 17th Avenue, Hickory NC | 0.1 mi | $239,900 | days | |
| 375 20th Avenue, Hickory NC | 0.2 mi | $274,900 | days | |
| 241 16th Avenue, Hickory NC | 0.3 mi | $890,000 | days | |
| 460 14th Avenue, Hickory NC | 0.3 mi | $1,850,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28601
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Andrew Reed Properties, LLC
386 17th Avenue, Hickory NC is a ft2 on a 2.270 acres Appraisal lot. This is for $3,075,000. This has bedrooms, baths, and was built in 1966.
Based on information submitted to the MLS GRID as of 2026-03-24 10:05:56 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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