Investor opportunity in the rapidly growing Kannapolis market! Situated on an approximately 0.28-acre lot following the proposed subdivision of the current 0.44-acre parcel, this 2-bedroom, 1-bath home presents exceptional potential for investors, renovators, or buyers seeking their next value-add project. Conveniently located with easy access to downtown Kannapolis, shopping, dining, and major commuter routes.
Offered below current tax value, this property provides a rare opportunity to capitalize on future upside and redevelopment potential. An additional upper-level finished flex space has previously been utilized as a sleeping area and offers added versatility for a home office, bonus room, or additional storage; however, it is not included in the heated living area due to ceiling height limitations.
Please note: the shed, garage, and fencing located on the left side of the property will be removed prior to closing. Whether you are seeking a rental investment, renovation project, or long-term hold, this property offers outstanding possibilities in an area experiencing continued growth and revitalization. Property is being sold as-is.
75 days
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135
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Zillow last checked:
Listing updated:
Listed by:
Lisa NguyenLisaNguyenRealtor@gmail.com,
Southern Nest Realty Inc
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4382485
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2
Primary bedroom
Level: Main
Bedroom s
Level: Main
Bathroom full
Level: Main
Kitchen
Level: Main
Living room
Level: Main
Heating
Central, Natural Gas
Cooling
Central Air
Appliances
Included: Dishwasher, Electric Cooktop, Electric Water Heater
Laundry: Main Level
Features
Has basement: No
Interior area
Total structure area: 1,064
Total interior livable area: 1,064 sqft
Finished area above ground: 1,064
Finished area below ground: 0
Property
Parking
Parking features: On Street, Other - See Remarks
Has uncovered spaces: Yes
Features
Levels: One
Stories: 1
Lot
Size: 0.28 Acres
Details
Additional structures: Shed(s)
Parcel number: 155051
Zoning: RV
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Aluminum
Foundation: Crawl Space
Condition
New construction: No
Year built: 1940
Utilities & green energy
Sewer: Public Sewer
Water: Well, Other - See Remarks
Utilities for property: Electricity Connected, Propane
Community & HOA
Community
Subdivision: none
Location
Region: Kannapolis
Financial & listing details
Price per square foot: $169/sqft
Tax assessed value: $188,068
Annual tax amount: $2,143
Date on market: 5/15/2026
Cumulative days on market: 73 days
Listing terms: Cash,Conventional,FHA 203(K)
Electric utility on property: Yes
Road surface type: None, Paved
Estimated market value
Zestimate®
$168,700
Estimated sales range
$160,000 - $177,000
Rent Zestimate®
$1,693/mo
Price history
Date
Event
Price
6/27/2026
Pending sale
$180,000$169/sqft
Source: Canopy MLS as distributed by MLS GRID #4382485Report a problem
5/22/2026
Price change
$180,000-5.3%$169/sqft
Source: Canopy MLS as distributed by MLS GRID #4382485Report a problem
5/15/2026
Listed for sale
$190,000+375%$179/sqft
Source: Canopy MLS as distributed by MLS GRID #4382485Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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.