BEDS0
BATHS
SQUARE FEET6,144
MLS#4315800
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare chance to acquire a portfolio of three duplexes (six total units) located in the growing city of Albemarle, North Carolina. All units are currently renting at $1,350 per door, providing reliable, predictable income from day one. 3 total buildings / 6 total units ? sold as a package. Albemarle is a fast-developing regional hub within commuting range of Charlotte, yet still offers residents the small-town comfort investors love: expanding job market, affordable cost of living, quality schools, and proximity to lakes, parks, and outdoor recreation (Morrow Mountain, Badin Lake, Uwharrie National Forest). The city has been steadily attracting both residents and small business investment ? the exact formula that supports long-term rent growth. This is the ideal play for investors seeking cash flow in a growth corridor without the volatility and pricing wars of the major metros. Duplexes are among the most resilient asset classes in residential real estate ? easy to lease, easy to manage, and hard to overbuild.
Property Features
Property Type: Multi Unit - Multiple
Heating: Electric, Heat Pump
Lot Size: 0.93 Acres
Roof Type: Architectural Shingle
Year Built: 2025
Amenities
Storage
Feature Descriptions
Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
Days on Site: 177
Exterior: Vinyl
Flooring: Carpet, Vinyl
Foundation: Slab
Laundry: In Kitchen
Parcel#: 653904911640
Parking: Driveway
Pets Allowed: Conditional
Sewer: Public Sewer
Units: 6
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: Premier Real Estate Team Inc.
Agency Contact: premiersr77@gmail.com
Shown By
Agent Name: Ed Cashwell
Agent Phone: Cell: (781) 720-9444
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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1416 Salisbury Avenue | MLS# 4315800
This multi-family property located at 1416 Salisbury Avenue, Albemarle, NC 28001 is currently listed for sale with an asking price of call for price. Search Albemarle real estate on edc.lakenormanrealty.com today.