595 Betty Street, Gastonia, NC

About the home

Nine units, 100% occupied, and $120,900 in annual contract rent, just five minutes from Downtown Gastonia and the FUSE District. These two single-story brick buildings, with a rent roll that is already full, are waiting for their new owner. 595 Betty Street is a garden-style multifamily community approximately five minutes from Downtown Gastonia and the FUSE District, with convenient access to retail, employment centers, and I-85, offering an investor immediate income in a growing market. Much of the work investors typically plan for has already been done. Seven of the nine apartments were updated before the current owner's acquisition, and the property has since received exterior painting, replacement windows throughout, and a roof installed in 2022. Gutters are in place on the front and back of both buildings. Built in 1979 on approximately 0.61 acres, the community offers six one-bedroom/one-bath apartments of approximately 600 square feet and three two-bedroom/one-bath apartments of approximately 700 square feet, totaling twelve bedrooms, nine bathrooms, and approximately 5,712 rentable square feet. Most units feature laminate-style flooring, and the floor plans for the accessible units show open kitchen and living areas. Unit 5 is an end unit with a distinct layout and updated kitchen cabinets. Seller-provided appliances in most units include a refrigerator and a gas range or stove, and Unit 1 is served by a metal accessibility ramp at its front entrance. A surface parking lot serves the property. The updated rent roll reflects approximately $10,075 per month in contract rent, or $120,900 annually. Average contract rent is approximately $1,083 for the one-bedroom units and $1,192 for the two-bedroom units. Electricity is separately metered, with tenants generally responsible for electricity and applicable gas service. The owner pays water, trash, stormwater, and landscaping. The seller-provided operating statement for August 2025 through July 2026 reports total income of $116,604 and expenses of $13,286. Based on the seller-reported net operating income of $103,319 over the last 12 months, the property offers an approximate 8.6% cap rate at the $1,200,000 offering price. The seller has self-managed the property, so no management fee is included, giving a new owner the flexibility to bring in professional management or apply their own operating approach. For an investor seeking a manageable, income-producing property, 595 Betty Street combines in-place rents, exterior improvements, separately metered electricity, and an established tenant base. Its nine-unit size is large enough to spread income across multiple tenants while remaining practical to own and operate. Opportunities to acquire a fully occupied, updated nine-unit community this close to Downtown Gastonia don't come along often; request the rent roll, operating history, and floor plans today to see the numbers for yourself.

Price in context

• Asking $210 per square foot.
• That is 26% below the $282 median across 9 active $1.5M+ homes in Gastonia.
• 6th highest asking price of 9 active $1.5M+ homes in Gastonia.
• 3rd largest by living area of the 8 with a recorded size.
• No price changes since it was listed.
• 0 days on the market, listed 2026-09-17.
• County tax assessment $579,390; the asking price is 2.07× the assessed value.

Location

Neighborhood: None, Gaston County, ZIP 28054.

Straight-line distances

• Charlotte Douglas International Airport: 13.4 mi
• Wilson Air Center (private aviation, CLT): 14.2 mi
• Uptown Charlotte: 18.9 mi
• SouthPark Mall: 20.7 mi
• Quail Hollow Club: 20.9 mi
• Charlotte Country Club: 21.6 mi

Features

Construction

Brick Full

Roof

Architectural Shingle

Bathrooms

9 full

Interior

Attic Other, Open Floorplan

Flooring

Carpet, Laminate, Vinyl

Kitchen & appliances

Electric Range, Gas Range, Gas Water Heater

Heating

Forced Air, Natural Gas

Cooling

Window Unit(s)

Parking

Parking Lot

Lot

Cul-De-Sac

County

Gaston

Comparable homes on the market

• 1655 Webb Street, Gastonia — $1,045,000, 16 bd, 2,610 sq ft, 2.3 mi away
• 312 Eagles Walk, Gastonia — $1,075,000, 4 bd, 5,037 sq ft, 2.9 mi away
• 3729 Eaglebrook Drive, Gastonia — $1,260,000, 6 bd, 5,134 sq ft, 3.6 mi away
• 00 Falls Ferguson Road, Gastonia — $1,466,934, 4.1 mi away
• 3200 Beaty Road, Gastonia — $5,450,000, 5 bd, 8,174 sq ft, 4.7 mi away
• 832 Wren Road, Gastonia — $1,400,000, 5 bd, 8,314 sq ft, 4.9 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.