Pick up a great portfolio consisting of 8 units, 5 homes (3 duplex, 2 SFR) in the rapidly appreciating market of downtown Kannapolis, all on the same block! The nhood features several new construction homes and rising rents. This portfolio represents over an 8% CAP rate which is hard to find, especially when so much of the work has already been done and over 60% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 4/5 of the homes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants who are backed & guaranteed by a community health program providing very stable rental income. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
Active
Price cut: $45K (9/14)
$1,250,000
220 Basin Ave, Kannapolis, NC 28083
10beds
6,750sqft
Duplex
Built in 1940
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
- 162 days
- 330
- 9
Zillow last checked:
Listing updated:
Listed by:
Logan Abrams logan@charlottesagent.com,
Realty One Group Revolution
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4370322
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Central, Other
Cooling
- Ceiling Fan(s), Central Air, Electric, Varies by Unit
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
- Laundry: In Kitchen
Features
- Has basement: No
Interior area
- Total structure area: 6,750
- Total interior livable area: 6,750 sqft
- Finished area above ground: 6,750
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 1.5 Acres
Details
- Parcel number: 56139937210000
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Hardboard Siding, Vinyl, Wood
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Kannapolis
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $112,290
- Annual tax amount: $1,275
- Date on market: 4/15/2026
- Cumulative days on market: 162 days
- Tenant pays: All Utilities
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,246/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Price change | $1,250,000-3.5%$185/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4370322 Report a problem | ||
| 8/28/2026 | Price change | $1,295,000-0.3%$192/sqft |
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem | ||
| 6/30/2026 | Price change | $1,299,000-5.5%$192/sqft |
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem | ||
| 5/17/2026 | Price change | $1,375,000-1.8%$204/sqft |
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem | ||
| 4/15/2026 | Listed for sale | $1,399,900+60.9%$207/sqft |
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem | ||
| 10/23/2023 | Sold | $870,000-0.8%$129/sqft |
Source: Canopy MLS as distributed by MLS GRID #4074059 Report a problem | ||
| 9/29/2023 | Pending sale | $877,440+265.6%$130/sqft |
Source: Canopy MLS as distributed by MLS GRID #4074059 Report a problem | ||
| 9/21/2023 | Listing removed | $240,000$36/sqft |
Source: Canopy MLS as distributed by MLS GRID #4065051 Report a problem | ||
| 9/16/2023 | Listed for sale | $240,000+4.6%$36/sqft |
Source: Canopy MLS as distributed by MLS GRID #4065051 Report a problem | ||
| 1/8/2023 | Listing removed | -- |
Source: Canopy MLS as distributed by MLS GRID #3889786 Report a problem | ||
| 8/11/2022 | Listed for sale | $229,500+118.6%$34/sqft |
Source: Canopy MLS as distributed by MLS GRID #3889786 Report a problem | ||
| 11/26/2007 | Sold | $105,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,275 | $112,290 |
| 2024 | $1,275 +44.3% | $112,290 +74.1% |
| 2023 | $884 +10% | $64,510 +10% |
| 2022 | $804 | $58,670 |
| 2021 | $804 +49.3% | $58,670 +49.2% |
| 2019 | $539 +3% | $39,310 |
| 2018 | $523 | $39,310 |
| 2017 | $523 | $39,310 +3.9% |
| 2016 | -- | $37,820 |
| 2015 | -- | $37,820 |
| 2014 | $477 | $37,820 |
| 2013 | -- | $37,820 |
| 2012 | -- | $37,820 -13.3% |
| 2011 | -- | $43,620 |
| 2010 | -- | $43,620 |
| 2009 | -- | $43,620 |
| 2008 | -- | $43,620 +89.6% |
| 2007 | -- | $23,010 |
| 2006 | -- | $23,010 |
| 2005 | -- | $23,010 |
| 2004 | -- | $23,010 -12.3% |
| 2003 | -- | $26,230 |
| 2002 | -- | $26,230 |
| 2001 | -- | $26,230 |
| 2000 | -- | $26,230 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28083
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