309 Morgan Street
Wadesboro, NC 28170
Est. $2,754/mo — See my rate
$94/Sq Ft
8 bd · 8 ba · 5,093 sqft · $94/sqft
About This Home
Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building.
Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.
Property history
-
Jul 22, 2026Price reduced $478,888 ActiveWas $499,000
-
Mar 19, 2026Back on market $499,000 ActiveComing Soon -> Active
-
Mar 19, 2026Listed for sale $478,888 Active130 days on market
-
Aug 30, 2022Sold $325,000 ClosedListed $359,000 · Mar 4, 2022 179 days on market
-
Jun 28, 2022Price reduced $359,000 ClosedWas $400,000
-
Mar 4, 2022Previously listed $359,000 Closed
Property Details
Interior Details
- Heating
- Wall Furnace
- Sqftmain
- 5093
- Roomcount
- 1
- Sqftlower
- 0
- Sqftthird
- 0
- Sqftupper
- 0
- Bedroommain
- 5
- Bedroomupper
- 3
- Fullbathmain
- 5
- Halfbathmain
- 0
- Fullbathupper
- 3
- Half Bathrooms
- 0
- Total Bathrooms
- 8
- Laundry Features
- Laundry Room
- Mainlevelgarageyn
- 0
- Sqftunheatedtotal
- 0
- Sqfttotalpropertyhla
- 5093
Square Footage And Levels
- Levels
- Two
- Above Grade Finished Area
- 5093
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Driveway
- Parking Lot
Exterior Features
- Construction Materials
- Wood
Lot And Land
- Lot Size Acres
- 0.39
- Lot Size Units
- Acres
- Lot Size Dimensions
- Irregular
Basement And Foundation
- Foundation Details
- Crawl Space
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- No City Taxes Paid
Zoning And Restrictions
- Zoningspecification
- Multi Fam
Listed by Drew Tatum (919-451-1509) · COMPASS (704-234-7880)
Location
- Address
- 309 Morgan Street
- City
- Wadesboro, NC 28170
Schools
- Elementary
- Wadesboro Primary
- Middle
- Anson Middle
- High
- Anson Early College
School assignments may change. Contact the school district to confirm.
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