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  • $1,400,000

    1416 Salisbury Ave, Albemarle, NC 28001

    --beds
    --baths
    6,144sqft
    : 
    $8,491/mo
    Get pre-qualified
    Multi Family
    Built in 2025
    -- sqft lot
    $-- 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.
    294 days
    |
    70
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven Ross premiersr77@gmail.com,

    Premier Real Estate Team Inc.

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

      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: 131 days
      • Tenant pays: All Utilities, Cable TV, Electricity, Gas, Water
      • Road surface type: Concrete, Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,351/mo

        Price history

        DateEventPrice
        10/23/2025Listed for sale$1,400,000+27900%$228/sqft
        Source: Canopy MLS as distributed by MLS GRID #4315800 Report a problem
        5/19/1997Sold$5,000$1/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$158 $12,923
        2023$158 $12,923
        2022$158 $12,923
        2021$158 +8.7%$12,923 +16.7%
        2020$145 $11,076
        2019$145 $11,076
        2018$145 +4%$11,076
        2017$140 +3.3%$11,076 +4.3%
        2016$135 $10,615
        2015$135 $10,615
        2014$135 $10,615 -65.4%
        2008-- $30,675
        2007-- $30,675
        2006-- $30,675
        2005-- $30,675
        2004-- $30,675 -6%
        2003-- $32,631
        2002-- $32,631
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28001

        Getting around

        15 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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