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Active

1416 Salisbury Avenue

Albemarle, NC 28001

Active 277 days on market Listing ID CAR 289552787

$1,400,000

Est. $8,048/mo See my rate

$228/Sq Ft

6,144 sqft · $228/sqft

— Beds
— Baths
6,144 Sq Ft
$228/Sq Ft
2025 Built
.93 acres Portfolio Listed Oct 23, 2025 Updated Nov 19, 2025 HOA None

About This Home

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 Details

Interior Details

Heating
  • Electric
  • Heat Pump
Flooring
  • Carpet
  • Vinyl
Roomother
  • Primary Bedroom
  • Bedroom(s)
  • Bathroom(s)
  • Kitchen
  • Living Room
  • Laundry
Laundry Features
  • In Kitchen
Interior Features
  • Storage
Mainlevelgarageyn
0

Square Footage And Levels

Above Grade Finished Area
6144
Below Grade Finished Area
0

Parking And Garage

Parking Features
  • Driveway

Exterior Features

Roof
  • Architectural Shingle
Construction Materials
  • Vinyl

Lot And Land

Lot Size Acres
0.93
Lot Size Units
Acres

Basement And Foundation

Foundation Details
  • Slab

Utilities

Sewer
  • Public Sewer
Water Source
  • City

Financial Information

Citytaxespaidto
Albemarle

Zoning And Restrictions

Zoningspecification
R-8

Multi Unit Details

Total Number Of Units
6

Listed by Steven Ross (704-305-3794) · Premier Real Estate Team Inc. (704-796-3433)

Location

Address
1416 Salisbury Avenue
City
Albemarle, NC 28001
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Schools

Elementary
Unspecified
Middle
Unspecified
High
Unspecified

School assignments may change. Contact the school district to confirm.

Canopy MLS

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