Great duplex rental portfolio in the rapidly appreciating market of downtown Kannapolis. All units 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 50% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 2/3 of the duplexes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
Active
$750,000
517 Denver St, Kannapolis, NC 28083
6beds
4,800sqft
Duplex
Built in 1940
-- sqft lot
$718,100 Zestimate®
$156/sqft
$-- HOA
What's special
- 28 days
- 249
- 16
Zillow last checked:
Listing updated:
Listed by:
Logan Abrams logan@charlottesagent.com,
Realty One Group Revolution
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4426175
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Central, Electric
Cooling
- Ceiling Fan(s), Central Air, Varies by Unit, Window Unit(s)
Appliances
- Included: Dryer, Electric Oven, Electric Range, Electric Water Heater
- Laundry: In Kitchen
Features
- Has basement: No
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
- Finished area above ground: 4,800
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 1 Acres
Details
- Additional parcels included: 56139943860000, 56139945370000
- Parcel number: 56139934380000
- Zoning: res
- Special conditions: Subject to Lease,None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Duplex
Materials
- Hardboard Siding
- 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: $156/sqft
- Tax assessed value: $106,210
- Annual tax amount: $1,206
- Date on market: 9/18/2026
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Gravel, Paved
Estimated market value
$718,100
$682,000 - $754,000
$1,657/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $750,000+377.7%$156/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4426175 Report a problem | ||
| 4/25/2025 | Sold | $157,008-10.3%$33/sqft |
Source: Canopy MLS as distributed by MLS GRID #4221454 Report a problem | ||
| 2/18/2025 | Listed for sale | $175,000$36/sqft |
Source: Canopy MLS as distributed by MLS GRID #4221454 Report a problem | ||
| 11/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/13/2023 | Listed for rent | $625 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,206 | $106,210 |
| 2024 | $1,206 +42.7% | $106,210 +72.1% |
| 2023 | $845 | $61,700 |
| 2022 | $845 | $61,700 |
| 2021 | $845 +52.2% | $61,700 +52.2% |
| 2019 | $556 +3% | $40,550 |
| 2018 | $539 | $40,550 |
| 2017 | $539 | $40,550 -10.8% |
| 2016 | -- | $45,470 |
| 2015 | -- | $45,470 |
| 2014 | $573 | $45,470 |
| 2013 | -- | $45,470 |
| 2012 | -- | $45,470 -8.8% |
| 2011 | -- | $49,840 |
| 2010 | -- | $49,840 |
| 2009 | -- | $49,840 |
| 2008 | -- | $49,840 +36.1% |
| 2007 | -- | $36,620 |
| 2006 | -- | $36,620 |
| 2005 | -- | $36,620 |
| 2004 | -- | $36,620 -0.4% |
| 2003 | -- | $36,760 |
| 2002 | -- | $36,760 |
| 2001 | -- | $36,760 |
| 2000 | -- | $36,760 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28083
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