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Off market
  • $494,700

    229 Academy Ave NW, Concord, NC 28025

    4beds
    2,960sqft
    MultiFamily
    Built in 1930
    -- sqft lot
    $494,700 Zestimate®
    $167/sqft
    $1,327 Estimated rent

    Home value

    $494,700

    $460,000 - $534,000

    $1,327/mo

    Zestimate® history
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    Owner options

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    $1,327/mo

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    $1,327/mo

    Rent Zestimate®

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    $2,969/mo

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    $2,969/mo

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    What's special

    Manageable fourplex investment opportunity in the heart of Concord. Close to downtown shops and restaurants. Each unit contains one bedroom and bath, living room and dining room/area. Original hardwood floors in living, hall and bedroom, vinyl in kitchen & bath, no carpet. Building renovated in 2016 and included; new roof, windows, electrical and plumbing. All improvements were permitted and inspected by the city of Concord. Freshly painted Foyer/entrance area with new lighting just completed. You will see that this area is seeing improvements in the surrounding properties. Two units are currently rented, please do not disturb tenants. Two units are vacant and while they are identical, you may view both. Section 8 Approved, which is a very important perk for you as an investor. Leave the units just as they are and rent for 600 a month or chose to do some improvements to allow for an increase in your rental income!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Electric
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    • Laundry: Electric Dryer Hookup, In Kitchen, W/D Connection
    Features
    • Flooring: Hardwood
    • Windows: Insulated Windows
    • Basement: Crawl Space
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,960 sqft

    Property

    Parking
    • Total spaces: 1
    • Details: Rear concrete parking lot behind building that provides 5 parking spaces and addition
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 8,755 Square Feet
    Details
    • Parcel number: 56205832220000
    • Zoning: MULTI
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    Materials
    • Metal
    • Foundation: Footing
    • Roof: Other
    Condition
    • Year built: 1930

    Utilities & green energy

    • Water: City Water

    Community & HOA

    Location
    • Region: Concord

    Financial & listing details

    • Price per square foot: $167/sqft
    • Tax assessed value: $446,600
    • Annual tax amount: $4,448
    • Tenant pays: Electricity, Water, All Utilities, Cable, Electric Heat, Garbage Pick-up

    Price history

    DateEventPrice
    2/1/2023Sold$455,000+1.1%$154/sqft
    Source: Canopy MLS as distributed by MLS GRID #3926860 Report a problem
    12/28/2022Pending sale$450,000$152/sqft
    Source: Canopy MLS as distributed by MLS GRID #3926860 Report a problem
    12/2/2022Listed for sale$450,000+80.1%$152/sqft
    Source: Canopy MLS as distributed by MLS GRID #3926860 Report a problem
    7/7/2020Listing removed$249,900$84/sqft
    Source: GR8Realty4U Inc #3637307 Report a problem
    7/3/2020Listed for sale$249,900+1149.5%$84/sqft
    Source: GR8Realty4U Inc #3637307 Report a problem
    4/9/2014Sold$20,000+0.5%$7/sqft
    Source: Canopy MLS as distributed by MLS GRID #2205420 Report a problem
    3/8/2014Price change$19,900-17.1%$7/sqft
    Source: Homepath #2205420 Report a problem
    2/5/2014Listed for sale$24,000-68.3%$8/sqft
    Source: Allen Craven Real Estate & Development DBA Craven & Company Realtors #2205420 Report a problem
    6/5/2013Sold$75,669+0.9%$26/sqft
    Source: Public Record Report a problem
    10/30/2007Sold$75,000+42.9%$25/sqft
    Source: Public Record Report a problem
    8/30/2007Sold$52,500-12.5%$18/sqft
    Source: Public Record Report a problem
    7/7/1999Sold$60,000$20/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,448 $446,600
    2024$4,448 +367.7%$446,600 +472.9%
    2023$951 $77,960
    2022$951 $77,960
    2021$951 +14.2%$77,960 +14.2%
    2019$833 +3.4%$68,290
    2018$806 $68,290
    2017$806 $68,290 -6.5%
    2016-- $73,070
    2015-- $73,070
    2014$862 $73,070
    2013-- $73,070
    2012-- $73,070 -2.9%
    2011-- $75,220
    2010-- $75,220
    2009-- $75,220 +2.8%
    2008-- $73,170 -4.1%
    2007-- $76,260
    2006-- $76,260
    2005-- $76,260
    2004-- $76,260 +2.5%
    2003-- $74,420
    2002-- $74,420
    2001-- $74,420
    2000-- $74,420
    Find assessor info on the county website

    Neighborhood: Gibson Village

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $494,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $494,700