Rare Downtown Fallston Opportunity-Mixed-use Investment Property w/3 Units and Income Potential.
Live, work, and invest all from on property on Hwy 18 Fallston. Income-producing mixed-use property featuring commercial space and residential with immediate cash flow.
This rare mixed-use property includes income-producing commercial building, detached apartment, single-family home, and metal 2 car garage.
Commercial Building is currently being leased by a church, offering immediate income potential. This building is well-suited for a variety of uses including business operation, manufacturing, small machine shop, etc. Features include dock high loading dock, new HVAC system, men’s, ladies, and break room. Ample Parking.
Detached Apartment-2 story unit, 1-2 bedrooms and 1.5 baths. Perfect for rental income, guest housing, or personal use.
Main House-2-3 bedrooms with 1 full bath. Combined kitchen and dining area, comfortable living room with gas fireplace. Sunroom overlooking the backyard. Recently updated with a new HVAC system and new Water Heater.
Detached 2 car metal garage with roll up doors. Ideal for storage, workshop, or equipment.
For sale by owner
$340,000
4538 Fallston Rd, Fallston, NC 28042
5beds
5,696sqft
MultiFamily
Built in 1970
-- sqft lot
$-- Zestimate®
$60/sqft
$-- HOA
What's special
Single-family homeDock high loading dockSunroom overlooking the backyardNew water heaterNew hvac systemAmple parkingDetached apartment
- 52 days |
- 358 |
- 9 |
Listed by:
Property Owner (704) 692-5026
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Heat pump, Electric, Gas
Cooling
- Central, Other
Features
- Flooring: Tile, Carpet, Concrete, Hardwood, Linoleum / Vinyl
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 5,696 sqft
Property
Parking
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Other, Shingle, Vinyl, Wood, Cement / Concrete, Metal
- Has view: Yes
- View description: City
Details
- Parcel number: 34600
Construction
Type & style
- Home type: MultiFamily
Materials
- Concrete Block
- Foundation: Earth
- Roof: Shake / Shingle
Condition
- New construction: No
- Year built: 1970
Community & HOA
Location
- Region: Fallston
Financial & listing details
- Price per square foot: $60/sqft
- Tax assessed value: $184,698
- Annual tax amount: $1,265
- Date on market: 4/16/2026
Property Owner
Property Owner
(704) 692-5026
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Estimated market value
Not available
Estimated sales range
Not available
$1,497/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Listed for sale | $340,000$60/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,265 +30.7% | $184,698 +87.6% |
| 2024 | $968 +32.8% | $98,466 |
| 2023 | $729 -0.1% | $98,466 |
| 2022 | $730 +0.5% | $98,466 |
| 2021 | $726 +21.1% | $98,466 +20.8% |
| 2020 | $600 | $81,534 |
| 2019 | $600 +1% | $81,534 |
| 2018 | $593 +5.7% | $81,534 |
| 2017 | $561 | $81,534 |
| 2016 | $561 | $81,534 -17% |
| 2015 | $561 | $98,249 |
| 2014 | $561 | $98,249 |
| 2013 | -- | $98,249 |
| 2010 | -- | $98,249 |
| 2008 | -- | $98,249 +4.9% |
| 2007 | -- | $93,625 |
| 2006 | -- | $93,625 |
| 2003 | -- | $93,625 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 28042
Nearby schools
GreatSchools rating
- 4/10Fallston ElementaryGrades: PK-5Distance: 0.4 mi
- 4/10Burns MiddleGrades: 6-8Distance: 2.1 mi
- 3/10Burns High SchoolGrades: 9-12Distance: 1.9 mi
- North Carolina
- Cleveland County
- Fallston
- 28042
- 4538 Fallston Rd
Nearby cities
Nearby zip codes
Other Fallston Topics
