Hickory Multifamily Buyer
Sell Your Commercial Property In Hickory, NC
From Downtown Hickory to Newton, we buy Hickory multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Hickory · Viewmont · Newton · Conover — Catawba County, NC
The Hickory Market
What Drives Rentals In Hickory
Hickory, North Carolina anchors Catawba County's Hickory-Lenoir-Morganton metro area with 44,258 residents, per the Census Bureau's 2020-2024 American Community Survey. Renters fill 45.0% of the city's occupied homes, and median gross rent sits at $1,063 a month, 10.2% above the Catawba County median. CommScope's fiber-optic cable manufacturing expansion, Catawba Valley Medical Center's 258 beds, and Lenoir-Rhyne University's 2,230-plus students anchor local employment in Hickory. Owners who want to sell commercial property in Hickory, NC can use these figures, alongside Catawba County's $0.8585 combined tax rate, to benchmark pricing before listing a multifamily asset.
CommScope fiber-optic expansion
CommScope is investing $60.3 million and adding 250-plus jobs at its Hickory fiber cable plants, per a 2023 announcement.Catawba Valley Medical Center
Catawba Valley Medical Center operates 258 beds in Hickory, anchoring regional health care employment, per the hospital's own site.Lenoir-Rhyne University
Lenoir-Rhyne University enrolls more than 2,230 students, 1,477 undergraduate and 753 graduate, on its Hickory campus, per lr.edu.Our Buy Box
What We Buy In Hickory
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Hickory Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Hickory, NC
Renters occupy 45.0% of Hickory's 18,042 occupied homes, 8,120 households, per the Census Bureau's 2020-2024 American Community Survey. Only 27.4% of Hickory's 19,955 housing units sit in buildings of five or more units, 5,462 homes, so smaller buildings carry most rental demand. Half of Hickory's housing stock predates 1982, the ACS median year-built figure. That mix is one reason owners weighing selling commercial property in Hickory watch occupancy closely.
Rents and affordability in Hickory, NC
Median gross rent in Hickory reached $1,063 a month under ACS 2020-2024 data, 10.2% above Catawba County's $965 median but 13.4% below North Carolina's $1,228 median, a gap anyone planning to sell commercial property in Hickory, NC should track. Under HUD's FY2027 fair market rents, effective October 1, 2026, the Hickory-Lenoir-Morganton MSA posts the figures below. Rent burden runs high too: 37.1% of renters, 3,009 of 8,120 households, pay 30% or more of income toward rent, per ACS 2020-2024.
| Unit size | HUD FY2027 FMR |
|---|---|
| Studio | $961 |
| One-bedroom | $965 |
| Two-bedroom | $1,147 |
| Three-bedroom | $1,399 |
| Four-bedroom | $1,707 |
Property taxes in Catawba County
Catawba County taxes real property at $0.3985 per $100 of assessed value for 2026, combined with the City of Hickory's $0.46 rate for $0.8585 per $100 inside city limits, per the county tax office. On a $2,000,000 assessed value, that rate produces an annual tax bill of $17,170. Catawba County assesses at 100% of market value and last revalued in 2023, with the next revaluation set for January 2027. A $2,000,000 sale would also trigger North Carolina's excise tax of $1 per $500 of consideration, $4,000, under G.S. 105-228.30.
Landlord rules in North Carolina
North Carolina caps security deposits at 1.5 months' rent for month-to-month leases and 2 months for longer terms, under G.S. 42-51. Landlords must itemize deductions and return any balance within 30 days of the tenancy ending, per G.S. 42-52. Nonpayment of rent allows forfeiture of the lease 10 days after a written demand, under G.S. 42-3. State law also preempts local rent-control ordinances for privately owned rentals, per G.S. 42-14.1(a), a point that matters before anyone decides to sell commercial real estate in Hickory, NC.
What it means for an owner in Hickory, NC
Owners who sell commercial property in Hickory, NC today benefit from CommScope's fiber-optic expansion and steady hospital and university employment anchoring rental demand. Running the numbers through Skyline's cap rate calculator against the $17,170 tax line and $1,063 median rent clarifies net yield before any sell your apartment building in Hickory decision.
Good To Know
Selling In Hickory
More about selling in North Carolina →Investing in Hickory? See apartment syndications in Hickory →
- Owners who sell multifamily property in Hickory benefit from steady renter demand tied to CommScope and the hospital.
- Before you sell commercial real estate in Hickory, NC, weigh Catawba County's $0.8585 tax rate against nearby counties.
- Pre-1980 construction makes up 46.6% of Hickory's housing stock, per ACS 2020-2024, raising renovation potential for buyers.
Seller Guides
Hickory Seller Situations
Learn More
Taxes & Rules For Hickory Property
The North Carolina rules that shape any deal in Hickory: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Hickory Seller FAQ
Why should I sell commercial property in Hickory, NC right now?
Hickory's $1,063 median rent runs 10.2% above Catawba County's $965 median, while CommScope's $60.3 million expansion and Lenoir-Rhyne's 2,230-plus students keep renter demand steady, giving sellers a data-backed case for pricing an apartment building in Hickory today.
What should I know before I sell commercial real estate in Hickory, NC?
Catawba County taxes real property at a combined $0.8585 per $100 inside Hickory, producing $17,170 a year on a $2,000,000 assessed value, plus North Carolina's $4,000 excise tax at closing under G.S. 105-228.30, so run both figures before setting a price.
How many Hickory renters are housing cost-burdened?
37.1% of Hickory's 8,120 renter households, 3,009 homes, pay 30% or more of income toward rent under ACS 2020-2024 data, and 14.7% pay 50% or more, signaling steady demand for well-priced, well-located rental units near Hickory employers.
Does North Carolina allow Hickory to adopt rent control?
No. G.S. 42-14.1(a) bars any North Carolina county or city, including Hickory, from regulating the rent charged on privately owned rental property, so owners can price units without worrying about a local rent-control ceiling or ordinance.
What are Hickory's HUD fair market rents for 2027?
HUD's FY2027 fair market rents for the Hickory-Lenoir-Morganton MSA, effective October 1, 2026, are $961 for a studio, $965 for one bedroom, $1,147 for two bedrooms, $1,399 for three bedrooms, and $1,707 for a four-bedroom unit.
What if my Hickory building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Hickory brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Hickory, and we keep every conversation confidential.
Can I sell rental property in Hickory with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Hickory?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Selling A Building In Hickory?
A few details are enough to start. We respond to every Hickory submission, including off-market and pocket listings.
