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  • $709,000

    515 China Grove Rd, China Grove, NC 28023

    10beds
    6,382sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $711,900 Zestimate®
    $111/sqft
    $-- Estimated rent

    Owner options

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    $3,967/mo

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    $3,967/mo

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    What's special

    Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.

    Zillow last checked: 7 hours ago

    Listing updated: August 11, 2025 at 10:10am

    Listing Provided by:

    Josh Wilson josh@guardianrealestategrp.com,

    Guardian Real Estate Group LLC

    Bought with:

    Leigh Brown

    One Community Real Estate

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4223909MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    • Full bathrooms: 6
    Heating
    • Heat Pump
    Cooling
    • Central Air, Heat Pump
    Appliances
    • Included: Other
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Has basement: No
    Interior area
    • Total structure area: 6,382
    • Total interior livable area: 6,382 sqft
    • Finished area above ground: 6,382
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway, Parking Space(s)
    • Has uncovered spaces: Yes
    Lot
    • Size: 4.61 Acres
    Details
    • Parcel number: 134002
    • Zoning: RS
    • Special conditions: Subject to Lease

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick Full, Vinyl
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Shared Well

    Community & neighborhood

    Location
    • Region: China Grove
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Dirt, Gravel, Paved
    Services availability