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$1,400,000
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Property Description
Rare chance to acquire a portfolio of three duplexes (six total units) located in the growing city of Albemarle, North Carolina. All units are currently renting at $1,350 per door, providing reliable, predictable income from day one. 3 total buildings / 6 total units - sold as a package. Albemarle is a fast-developing regional hub within commuting range of Charlotte, yet still offers residents the small-town comfort investors love: expanding job market, affordable cost of living, quality schools, and proximity to lakes, parks, and outdoor recreation (Morrow Mountain, Badin Lake, Uwharrie National Forest). The city has been steadily attracting both residents and small business investment - the exact formula that supports long-term rent growth. This is the ideal play for investors seeking cash flow in a growth corridor without the volatility and pricing wars of the major metros. Duplexes are among the most resilient asset classes in residential real estate - easy to lease, easy to manage, and hard to overbuild.
Full Property Details
Full Property Details for 1416 Salisbury Ave
General
- Price: $1,400,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4315800
- Updated: 10/23/2025
- Added to Site: 85 day(s) ago
Interior
- Interior Features: Storage
- Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: In Kitchen
Parking
- Parking Features: Driveway
Location
- County: Stanly
Community
- Pets Allowed: Yes
- Pets: Conditional
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Vinyl
- Roof: Architectural Shingle
- Square Feet: 6,144
- Year Built: 2025
Lot Features
- Street/Road Desc.: Concrete, Paved
Financial Considerations
- Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Internet, Water
Disclosures and Reports
- Property ID: 653904911640
- Lot Number: 1848/1617
Listed by Premier Real Estate Team Inc.
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Schools
Schools serving 1416 Salisbury Ave
School District:Stanly County Schools
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Albemarle, NC 206 North 3rd Street, Albemarle, NC 28001 | K-5 | 1.5 mi |
Albemarle Middle School 1811 Badin Road, Albemarle, NC 28001 | 6-8 | 2.6 mi |
Albemarle High School 311 Park Ridge Road, Albemarle, NC 28001 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1416 Salisbury Ave
Date
Details
Price
Change
Source
10/23/2025
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1416 Salisbury Ave
1416 Salisbury Avenue, Albemarle, NC 28001 (MLS# 4315800) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1416 Salisbury Avenue is currently listed for $1,400,000 and was received on October 23, 2025. Want to learn more about 1416 Salisbury Avenue? Do you have questions about finding other Single Family real estate for sale in Albemarle? You can browse all Albemarle real estate or contact a Coldwell Banker agent to request more information.

