Active

Price cut: $76K (6/30)

$1,299,000

220 Basin Ave, Kannapolis, NC 28083

10beds

5,450sqft

Get pre-qualified

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$238/sqft

$-- HOA

What's special

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!

89 days

378

11

Loading...

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: 5,450
Total interior livable area: 5,450 sqft
Finished area above ground: 3,250
Finished area below ground: 2,200

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: Multi Family

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: $238/sqft
Tax assessed value: $112,290
Annual tax amount: $1,275
Date on market: 4/15/2026
Cumulative days on market: 89 days
Tenant pays: All Utilities
Road surface type: Gravel, Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,283/mo

Price history

Date	Event	Price
6/30/2026	Price change	$1,299,000-5.5%$238/sqft
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem
5/17/2026	Price change	$1,375,000-1.8%$252/sqft
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem
4/15/2026	Listed for sale	$1,399,900+60.9%$257/sqft
Source: Canopy MLS as distributed by MLS GRID #4370322 Report a problem
10/23/2023	Sold	$870,000-0.8%$160/sqft
Source: Canopy MLS as distributed by MLS GRID #4074059 Report a problem
9/29/2023	Pending sale	$877,440+265.6%$161/sqft
Source: Canopy MLS as distributed by MLS GRID #4074059 Report a problem
9/21/2023	Listing removed	$240,000$44/sqft
Source: Canopy MLS as distributed by MLS GRID #4065051 Report a problem
9/16/2023	Listed for sale	$240,000+4.6%$44/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%$42/sqft
Source: Canopy MLS as distributed by MLS GRID #3889786 Report a problem
11/26/2007	Sold	$105,000$19/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

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.

Get pre-qualified