Check out this amazing DUPLEX located on the corner of Cook and Cannon in the heart of Concord. Multi-unit properties like this are incredibly rare. Ideally located near Downtown Concord, Gibson Mill, Concord Mills, hospitals, Charlotte, major highways and more!
Completely renovated and permitted in 2024, this duplex is bringing in close to $40,000 annually... what a true CASH COW! Rents are $1,680/month for 161 Cannon and $1,670/month for 506 Cook St. Both tenants are current and happy.
This property was taken down to the studs and fully upgraded, even expanding the original layout. Each unit is a spacious 3-bedroom, 1-bath, with separate water and electric meters and individual washer/dryer hookups.
2024 updates include: electrical system, plumbing, windows, attic insulation, siding, wall insulation & sheetrock, flooring, cabinets, vanities, light fixtures, and a new architectural roof. All appliances to convey except washer and dryer are tenants.
Please respect the tenants’ privacy—no showings until a contract is negotiated and signed. All tenants are currently on a month-to-month lease.
Closed
$357,000
161 Cannon Ave NW, Concord, NC 28025
6beds
1,683sqft
Duplex
Built in 1935
-- sqft lot
$353,300 Zestimate®
$212/sqft
$1,646 Estimated rent
Home value
$353,300
$329,000 - $378,000
$1,646/mo
Zestimate® history
Owner options
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$1,646/mo
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$1,646/mo
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$2,187/mo
Est. payment
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$2,187/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Christina Wright christina@branchwealthpartners.com,
Branch Wealth Partners, LLC
Bought with:
Kim Christenbury
Ivy and Trellis LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4326767
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Electric Range, Microwave, Oven, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Has basement: No
Interior area
- Total structure area: 1,683
- Total interior livable area: 1,683 sqft
- Finished area above ground: 1,683
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
- Waterfront features: None
Lot
- Size: 0.17 Acres
- Features: Corner Lot
Details
- Additional parcels included: 506 COOK ST, 161 CANNON AVE
- Parcel number: 56213175480000
- Zoning: RV
- Special conditions: Subject to Lease,None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Concord
Financial & listing details
- Price per square foot: $212/sqft
- Tax assessed value: $122,440
- Annual tax amount: $2,779
- Date on market: 12/2/2025
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: All Utilities
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listing removed | $1,680$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/8/2026 | Listed for rent | $1,680$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/31/2025 | Sold | $357,000-4.8%$212/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4326767 Report a problem | ||
| 12/2/2025 | Listed for sale | $375,000-5.1%$223/sqft |
Source: Canopy MLS as distributed by MLS GRID #4326767 Report a problem | ||
| 7/19/2025 | Listing removed | $395,000$235/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250199 Report a problem | ||
| 6/1/2025 | Pending sale | $395,000$235/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250199 Report a problem | ||
| 4/23/2025 | Listed for sale | $395,000+29.5%$235/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250199 Report a problem | ||
| 10/16/2024 | Sold | $305,000+103.3%$181/sqft |
Source: Public Record Report a problem | ||
| 1/2/2024 | Sold | $150,000-16.2%$89/sqft |
Source: Canopy MLS as distributed by MLS GRID #4091872 Report a problem | ||
| 12/12/2023 | Pending sale | $179,000$106/sqft |
Source: Canopy MLS as distributed by MLS GRID #4091872 Report a problem | ||
| 12/9/2023 | Listed for sale | $179,000+1391.7%$106/sqft |
Source: Canopy MLS as distributed by MLS GRID #4091872 Report a problem | ||
| 1/2/2014 | Sold | $12,000$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,779 +127.9% | $278,980 +127.9% |
| 2024 | $1,220 +93.6% | $122,440 +137.1% |
| 2023 | $630 | $51,630 |
| 2022 | $630 | $51,630 |
| 2021 | $630 +34.7% | $51,630 +34.7% |
| 2019 | $468 +3.4% | $38,340 |
| 2018 | $452 | $38,340 |
| 2017 | $452 | $38,340 -16.6% |
| 2016 | -- | $45,960 |
| 2015 | -- | $45,960 |
| 2014 | $542 | $45,960 |
| 2013 | -- | $45,960 |
| 2012 | -- | $45,960 +0.1% |
| 2011 | -- | $45,920 |
| 2010 | -- | $45,920 |
| 2009 | -- | $45,920 |
| 2008 | -- | $45,920 +1.4% |
| 2007 | -- | $45,300 +3.6% |
| 2006 | -- | $43,710 |
| 2005 | -- | $43,710 |
| 2004 | -- | $43,710 +3.8% |
| 2003 | -- | $42,120 |
| 2002 | -- | $42,120 |
| 2001 | -- | $42,120 |
| 2000 | -- | $42,120 |
Find assessor info on the county website
Neighborhood: Gibson Village
Nearby homes
- $130,6002 bd1 ba960 sqft500 Cook St NW, Concord, NC 28025Off Market
- $182,8002 bd1 ba1.1k sqft496 Cook St NW, Concord, NC 28025Off Market
- $675,0002 bd1 ba948 sqft166 Cannon Ave NW, Concord, NC 28025Sold
- $128,8002 bd1 ba672 sqft494 Cook St NW, Concord, NC 28025Off Market
- $187,8003 bd2 ba1.3k sqft175 Cannon Ave NW, Concord, NC 28025Off Market
- $225,0002 bd2 ba1.1k sqft154 Cannon Ave NW, Concord, NC 28025Sold
- $160,2002 bd1 ba1.2k sqft503 Cook St NW, Concord, NC 28025Off Market
- $175,0002 bd1 ba808 sqft174 Cannon Ave NW, Concord, NC 28025For Sale
Nearby schools
GreatSchools rating
- 7/10W M Irvin ElementaryGrades: PK-5Distance: 2.6 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.6 mi
- 6/10Concord HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Beverly Hills
- Middle: Concord
- High: Concord
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$353,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$353,300
- North Carolina
- Cabarrus County
- Concord
- 28025
- Gibson Village
- 161 Cannon Ave NW
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