Investor opportunity in the heart of Concord! This 3-bedroom, 1-bath home offers immediate income potential with a tenant currently in place on a month-to-month lease, providing flexibility for the next owner. Whether you’re looking to expand your rental portfolio, secure your first investment property, or purchase with future plans in mind, this property presents a solid opportunity. With month-to-month tenancy, investors have the option to continue renting for steady cash flow or explore value-add improvements to maximize returns. Please note: the AC is currently not working, offering an additional opportunity for upgrades and increased value.
Under contract-show
Price cut: $16K (4/30)
$169,000
262 Elm Ave NW, Concord, NC 28025
3beds
1,360sqft
Single Family Residence
Built in 1916
0.17 Acres Lot
$165,200 Zestimate®
$124/sqft
$-- HOA
What's special
- 148 days |
- 273 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Sarah Coltrane coltranesarah16@gmail.com,
Three Realty Group, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4349553
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Kitchen
- Level: Main
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Other
- Laundry: Other
Features
- Has basement: No
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.17 Acres
Details
- Parcel number: 56204854540000
- Zoning: RC
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Concord
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $137,160
- Annual tax amount: $1,366
- Date on market: 2/20/2026
- Cumulative days on market: 148 days
- Road surface type: Concrete, Paved
Estimated market value
$165,200
$157,000 - $173,000
$1,547/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Price change | $169,000-8.6%$124/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4349553 Report a problem | ||
| 3/30/2026 | Price change | $185,000-7.5%$136/sqft |
Source: Canopy MLS as distributed by MLS GRID #4349553 Report a problem | ||
| 2/20/2026 | Listed for sale | $200,000+42.9%$147/sqft |
Source: Canopy MLS as distributed by MLS GRID #4349553 Report a problem | ||
| 11/27/2023 | Sold | $140,000+16.7%$103/sqft |
Source: Public Record Report a problem | ||
| 5/3/2021 | Sold | $120,000+106.9%$88/sqft |
Source: Public Record Report a problem | ||
| 8/1/2006 | Sold | $58,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,366 | $137,160 |
| 2024 | $1,366 +51.3% | $137,160 +85.3% |
| 2023 | $903 | $74,010 |
| 2022 | $903 | $74,010 |
| 2021 | $903 +15.3% | $74,010 +15.3% |
| 2019 | $783 +3.4% | $64,200 |
| 2018 | $758 | $64,200 |
| 2017 | $758 | $64,200 -5.8% |
| 2016 | -- | $68,180 |
| 2015 | -- | $68,180 |
| 2014 | $805 | $68,180 |
| 2013 | -- | $68,180 |
| 2012 | -- | $68,180 +15.1% |
| 2011 | -- | $59,220 |
| 2010 | -- | $59,220 |
| 2009 | -- | $59,220 +0.7% |
| 2008 | -- | $58,830 +1.7% |
| 2007 | -- | $57,870 |
| 2006 | -- | $57,870 |
| 2005 | -- | $57,870 |
| 2004 | -- | $57,870 +15.3% |
| 2003 | -- | $50,180 |
| 2002 | -- | $50,180 |
| 2001 | -- | $50,180 |
| 2000 | -- | $50,180 |
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.Climate risks
Neighborhood: Gibson Village
Nearby schools
GreatSchools rating
- 7/10Coltrane-Webb ElementaryGrades: K-5Distance: 1.9 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.5 mi
- 6/10Concord HighGrades: 9-12Distance: 1.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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