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  • $1,400,000

    1416 Salisbury Ave, Albemarle, NC 28001

    --beds
    --baths
    6,144sqft
    : 
    Multi Family
    Built in 2025
    -- sqft lot
    $1,345,200 Zestimate®
    $228/sqft
    $-- HOA

    What's special

    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.
    60 days
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    151
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    7
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    Zillow last checked: 8 hours ago

    Listing updated: November 19, 2025 at 12:56pm

    Listing Provided by:

    Steven Ross premiersr77@gmail.com,

    Premier Real Estate Team Inc.

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4315800MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Heating
    • Electric, Heat Pump
    Cooling
    • Electric
    Appliances
    • Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
    • Laundry: In Kitchen
    Features
    • Storage
    • Flooring: Carpet, Vinyl
    • Has basement: No
    Interior area
    • Total structure area: 6,144
    • Total interior livable area: 6,144 sqft
    • Finished area above ground: 6,144
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Size: 0.93 Acres
    Details
    • Parcel number: 653904911640
    • Zoning: R-8
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl
    • Foundation: Slab
    Condition
    • New construction: Yes
    • Year built: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City

    Community & HOA

    Location
    • Region: Albemarle

    Financial & listing details

    • Price per square foot: $228/sqft
    • Tax assessed value: $298,035
    • Annual tax amount: $158
    • Date on market: 10/23/2025
    • Cumulative days on market: 60 days
    • Tenant pays: All Utilities, Cable TV, Electricity, Gas, Water
    • Road surface type: Concrete, Paved
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    Estimated market value

    $1,345,200

    $1.28M - $1.41M

    $1,375/mo

    Price history

    Price history
    DateEventPrice
    10/23/2025Listed for sale$1,400,000+2233.3%$228/sqft
    Source: Canopy MLS as distributed by MLS GRID #4315800 Report a problem
    4/3/2024Sold$60,000$10/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$158 $12,923
    2023$158 $12,923
    2022$158 $12,923

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $8,038/mo
    Principal & interest
    $6906
    Property taxes
    $642
    Home insurance
    $490

      Climate risks

      Neighborhood: 28001

      Nearby schools

      GreatSchools rating

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