Date
Details
Price
Change
Source
4/02/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/27
$1,500,000 Just Listed
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1/27
Property Description
This opportunity represents a well-maintained and fully occupied, 12-unit townhome community in Stanley, NC, offering immediate in-place cash flow with upside at an attractive basis of $125,000/unit. 118-120 Ethel Dr consists of twelve 2BR/1.5BA units (~780 SF), with meaningful capital improvements already completed, including a new roof, siding, numerous HVAC replacements, and interior renovations to 10 units between 2020-2024. Current rents average $973 providing ~$177/unit in upside to $1,150 for MTM agreements and as leases turn through 2026-2027, along with additional NOI growth through remaining renovations and the potential to own the washers and dryers in the common laundry. Located just 18 miles northwest of Uptown Charlotte with easy access to I-485 and I-85, Stanley continues to benefit from strong renter demand driven by its affordability and proximity to major employment hubs.
Full Property Details
Full Property Details for 118 Ethel Dr
General
- Price: $1,500,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4365281
- Updated: 4/2/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 24
- Full Bathrooms: 12
- Half Bathrooms: 12
Bedrooms
- Total Bedrooms: 24
Other Rooms
- Laundry: Common Area
Parking
- Parking Features: Parking Space(s)
Location
- County: Gaston
School Information
- Elementary School: Springfield
- Middle School: Stanley
- High School: East Gaston
Community
- Pets Allowed: Yes
- Pets: Conditional
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Partial, Vinyl
- Square Feet: 9,947
- Year Built: 1973
Lot Features
- Street/Road Desc.: Asphalt, Paved
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 134284
- Lot Number: 5131-2259
Listed by Britt Commercial Real Estate, LLC
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Listing agent
— 118 Ethel Dr —
Britt Commercial Real Estate, LLC
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Schools
Schools serving 118 Ethel Dr
School District:Gaston County Schools
| Name | Grades | Distance |
|---|---|---|
Springfield Primary School 900 South Main Street, Stanley, NC 28164 | PK-2 | 0.2 mi |
Kiser Elementary School 311 East College Street, Stanley, NC 28164 | 3-5 | 0.8 mi |
Stanley Middle School 317 Hovis Road, Stanley, NC 28164 | 6-8 | 1.2 mi |
East Gaston High School 1744 Lane Road, Mount Holly, NC 28120 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Ethel Dr
Tax History
Tax History for 118 Ethel Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,230
-1%
$663,880
—
2023
$7,303
80%
$663,880
125%
2021
$4,047
1%
$295,390
—
2022
$3,988
72%
$295,390
—
2020
$2,323
-1%
$295,390
74%
2019
$2,340
2%
$169,560
4%
2017
$2,296
—
$162,866
—
2016
$2,296
—
$162,866
—
2015
$2,296
-10%
$162,866
-10%
2013
$2,551
—
$180,953
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 Ethel Dr
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118 Ethel Drive, Stanley, NC 28164 (MLS# 4365281) is a Single Family property with 24 bedrooms, 12 full bathrooms and 12 partial bathrooms. 118 Ethel Drive is currently listed for $1,500,000 and was received on April 02, 2026. Want to learn more about 118 Ethel Drive? Do you have questions about finding other Single Family real estate for sale in Stanley? You can browse all Stanley real estate or contact a Coldwell Banker agent to request more information.