117 W Union St, Morganton, NC 28655 is a prime historic commercial property in the heart of Morganton's vibrant Downtown Historic District.
The ground floor is commercial and leased yearly potential to be divided into 2 units, upstairs there is offices that can be converted to at least 2 luxury residential apartments that could possibly be rented for $2000 a month or more for each proposed apartment.
This approximately 5,460 sq ft, two-story brick building offers excellent visibility and foot traffic on West Union Street. It features a classic commercial Italianate-style facade. The upper level includes three two-over-two windows topped by connected segmental arches, plus a distinctive cornice with a narrow recessed panel above arcaded corbelling. The ground floor is leased commercially year to year. Upstairs has 20 plus offices and 4 bathrooms not leased at this time. Also Lease to multiple tenants, Versatile Space — Ideal for retail, restaurant, office, gallery, mixed-use (retail + upstairs APARTMENT/LOFTS), or professional services. Confirm all uses with the City of Morganton.
Prime Downtown Location — Steps from shops, restaurants, offices, the historic courthouse square, and community events. Morganton’s growing downtown scene attracts locals and visitors alike.
Under contract-no show
$710,000
117 W Union St, Morganton, NC 28655
4beds
6baths
5,460sqft
Triplex
Built in 1901
-- sqft lot
$663,600 Zestimate®
$130/sqft
$-- HOA
What's special
Two-story brick buildingClassic commercial italianate-style facade
- 51 days |
- 219 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Freddy Karmatz freddy@fkandassociates.com,
FK and Associates Real Estate Firm,
Tristan Karmatz,
FK and Associates Real Estate Firm
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4382307
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
- Laundry: None
Features
- Has basement: No
Interior area
- Total structure area: 5,460
- Total interior livable area: 5,460 sqft
- Finished area above ground: 5,460
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 0.06 Acres
Details
- Parcel number: 2954
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick Full
- Foundation: Slab
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Morganton
Financial & listing details
- Price per square foot: $130/sqft
- Tax assessed value: $367,540
- Annual tax amount: $2,040
- Date on market: 5/15/2026
- Cumulative days on market: 51 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: None, Paved
Estimated market value
$663,600
$630,000 - $697,000
$2,267/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2026 | Pending sale | $710,000$130/sqft |
Source: | ||
| 5/15/2026 | Listed for sale | $710,000$130/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,040 -0.9% | $367,540 |
| 2024 | $2,058 | $367,540 |
| 2023 | $2,058 +91.6% | $367,540 +137.8% |
| 2022 | $1,074 | $154,527 |
| 2021 | $1,074 | $154,527 |
| 2020 | $1,074 -44.5% | $154,527 |
| 2019 | $1,937 +109.9% | $154,527 +16.4% |
| 2018 | $923 +2.2% | $132,750 |
| 2017 | $903 | $132,750 |
| 2016 | $903 | $132,750 |
| 2015 | $903 | $132,750 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28655
Nearby schools
GreatSchools rating
- 4/10Mountain View ElementaryGrades: PK-5Distance: 0.9 mi
- 5/10Walter R Johnson MiddleGrades: 6-8Distance: 2.4 mi
- 4/10Freedom HighGrades: 9-12Distance: 1.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Burke County
- Morganton
- 28655
- 117 W Union St




