Active

Price cut: $20.1K (7/22)

$478,888

309 W Morgan St, Wadesboro, NC 28170

8beds

5,093sqft

$2,927/mo

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Single Family Residence

Built in 1890

0.39 Acres Lot

$465,500 Zestimate^®

$94/sqft

$-- HOA

What's special

Original hardwood floors

Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.

128 days

187

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 8
Main level bedrooms: 5

Primary bedroom

Level: Main
Dimensions: 10' 0" X 0' 0"

Heating

Wall Furnace

Cooling

Ceiling Fan(s), Wall Unit(s)

Appliances

Included: Electric Water Heater
Laundry: Laundry Room

Features

Has basement: No

Interior area

Total structure area: 5,093
Total interior livable area: 5,093 sqft
Finished area above ground: 5,093
Finished area below ground: 0

Property

Parking

Parking features: Driveway, Parking Lot
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 0.39 Acres

Details

Parcel number: 64741563492700
Zoning: MultiFam
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood
Foundation: Crawl Space

Condition

New construction: No
Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: City

Community & HOA

Community

Subdivision: None

Location

Region: Wadesboro

Financial & listing details

Price per square foot: $94/sqft
Tax assessed value: $215,700
Annual tax amount: $2,875
Date on market: 3/19/2026
Cumulative days on market: 129 days
Road surface type: Gravel

Estimated market value

$465,500

$442,000 - $489,000

$1,979/mo

Price history

Date	Event	Price
7/22/2026	Price change	$478,888-4%$94/sqft
Source: Canopy MLS as distributed by MLS GRID #4356330 Report a problem
3/19/2026	Listed for sale	$499,000+33.1%$98/sqft
Source: Canopy MLS as distributed by MLS GRID #4356330 Report a problem
3/30/2024	Listing removed	--
Source: Canopy MLS as distributed by MLS GRID #4117316 Report a problem
3/9/2024	Listed for sale	$375,000+15.4%$74/sqft
Source: Canopy MLS as distributed by MLS GRID #4117316 Report a problem
8/30/2022	Sold	$325,000-9.5%$64/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
8/2/2022	Contingent	$359,000$70/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
6/28/2022	Price change	$359,000-10.3%$70/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
5/12/2022	Listed for sale	$400,000$79/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
5/1/2022	Contingent	$400,000$79/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
3/4/2022	Listed for sale	$400,000+88.7%$79/sqft
Source: Canopy MLS as distributed by MLS GRID #3830754 Report a problem
1/25/2016	Listing removed	$212,000$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
9/15/2015	Pending sale	$212,000$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
9/15/2015	Listed for sale	$212,000+16.2%$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
5/29/2015	Sold	$182,500-13.9%$36/sqft
Source: Canopy MLS as distributed by MLS GRID #3071088 Report a problem
5/13/2015	Pending sale	$212,000$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
5/13/2015	Listed for sale	$212,000$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
4/11/2015	Listing removed	$212,000$42/sqft
Source: NO COMPANY PROVIDED #3071088 Report a problem
3/20/2015	Listed for sale	$212,000+135.6%$42/sqft
Source: Anderson Real Estate #3071088 Report a problem
2/16/2005	Sold	$90,000$18/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2023	$2,875	$215,700
2022	$2,875	$215,700
2021	$2,875	$215,700
2018	$2,875 +42.6%	$215,700 +4.5%
2017	$2,017 -28%	$206,400
2016	$2,801 +0.7%	$206,400
2015	$2,780 -1.2%	$206,400 -7.4%
2011	$2,815	$222,900 +106.2%
2010	--	$108,100
2009	--	$108,100
2008	--	$108,100
2007	--	$108,100
2006	--	$108,100

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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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.

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Climate risks

Neighborhood: 28170

Getting around

47 / 100

Car-Dependent

38 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Wadesboro Elementary School
Grades: 4-6Distance: 0.2 mi
2/10
Anson Middle School
Grades: 7-8Distance: 1.8 mi
3/10
Anson High School
Grades: 9-12Distance: 1.5 mi

Schools provided by the listing agent

Elementary: Wadesboro Primary
Middle: Anson Middle
High: Anson Early College

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.