Turnkey investment opportunity in the heart of Albemarle! This prime multi-property portfolio features four fully occupied units generating a reliable, robust annual income of $55,800. With low operating overhead and strong historical performance, this portfolio offers immediate cash flow and strong upside potential for savvy investors or portfolio builders. Positioned in a high-demand rental pocket, tenants enjoy unmatched convenience to historic downtown Albemarle's local dining and shops, nearby parks, local wineries, and quick weekend access to Badin Lake and Lake Tillery. Complete rental history and detailed income/expense reports are available upon request—step right into a streamlined, income-producing asset without missing a beat!
Active
$545,000
503 Coggins Ave, Albemarle, NC 28001
9beds
3,215sqft
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$170/sqft
$-- HOA
What's special
Local wineriesNearby parks
- 32 days
- 145
- 21
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sheila St Germain 704-438-8339,
EXP Realty LLC Ballantyne
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4417579
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Other
- Laundry: Other
Features
- Has basement: No
Interior area
- Total structure area: 3,215
- Total interior livable area: 3,215 sqft
- Finished area above ground: 3,215
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 0.85 Acres
Details
- Additional parcels included: 654804629027, 654803425376,654803426303
- Parcel number: 654804835629
- Zoning: R-8
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Albemarle
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $216,953
- Annual tax amount: $752
- Date on market: 8/24/2026
- Cumulative days on market: 32 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Other, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Listed for sale | $545,000+395.5%$170/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4417579 Report a problem | ||
| 5/28/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/10/2024 | Price change | $1,350-10% |
Source: Zillow Rentals Report a problem | ||
| 3/26/2024 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 10/4/2023 | Sold | $110,000-9.1%$34/sqft |
Source: Canopy MLS as distributed by MLS GRID #4058827 Report a problem | ||
| 8/29/2023 | Pending sale | $121,000$38/sqft |
Source: Canopy MLS as distributed by MLS GRID #4058827 Report a problem | ||
| 8/14/2023 | Listed for sale | $121,000+266.7%$38/sqft |
Source: Canopy MLS as distributed by MLS GRID #4058827 Report a problem | ||
| 2/25/2020 | Sold | $33,000+22.2%$10/sqft |
Source: Public Record Report a problem | ||
| 12/15/2011 | Sold | $27,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $752 +43.1% | $67,186 +55.8% |
| 2024 | $526 | $43,114 |
| 2023 | $526 | $43,114 |
| 2022 | $526 | $43,114 |
| 2021 | $526 +2.5% | $43,114 +10% |
| 2020 | $513 | $39,180 |
| 2019 | $513 | $39,180 |
| 2018 | $513 +4% | $39,180 |
| 2017 | $494 +8.5% | $39,180 +9.6% |
| 2016 | $455 | $35,747 |
| 2015 | $455 | $35,747 |
| 2014 | $455 | $35,747 |
| 2013 | -- | $35,747 -20.9% |
| 2012 | -- | $45,201 |
| 2011 | -- | $45,201 |
| 2010 | -- | $45,201 |
| 2009 | -- | $45,201 |
| 2008 | -- | $45,201 |
| 2007 | -- | $45,201 |
| 2006 | -- | $45,201 |
| 2005 | -- | $45,201 |
| 2004 | -- | $45,201 +6.8% |
| 2003 | -- | $42,324 |
| 2002 | -- | $42,324 |
Find assessor info on the county website
Monthly payment
Est. payment
