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$1,250,000 Just Listed
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Property Description
Turnkey 12-unit investment opportunity! The property consists of three remodeled quadplex buildings featuring 8 one-bedroom/one-bath units and 4 two-bedroom/one-bath units. Consistently occupied with strong rental demand, this asset offers immediate income potential. Roof and HVAC systems replaced in 2021. Each unit is equipped with washer and dryer connections. Gravel driveway provides easy parking, and minimal exterior maintenance or yard work keeps operating costs low - making this a smart addition to any portfolio! Don't miss this cash-flowing opportunity!!
Full Property Details
Full Property Details for 1240 Old Liberty Rd
General
- Price: $1,250,000
- Status: Active
- Type: Commercial
- Source: Triad_MLS
- MLS ID: 1209833
- Updated: 2/21/2026
- Added to Site: 1 day(s) ago
Location
- County: Randolph
- Driving Directions: Take the exit for NC-49 toward Asheboro/Liberty. Turn onto North Carolina Highway 49 toward Asheboro. Turn onto Hub Morris Road. Turn left onto Old Liberty Road. Property will be on your left.
Utilities
- Sewer: Public Sewer
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Owner Sale
Listed by The Hive Co Realty LLC
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Price & Sales History for 1240 Old Liberty Rd
Date
Details
Price
Change
Source
2/21/2026
Listed
$1,250,000
594.44%
MLS
2/15/2021
Sold
$180,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1240 Old Liberty Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,104
—
$421,790
—
2024
$5,104
—
$421,790
—
2023
$5,104
32%
$421,790
42%
2022
$3,861
9%
$297,510
9%
2021
$3,530
—
$272,050
—
2020
$3,530
—
$272,050
—
2019
$3,530
-9%
$272,050
-8%
2018
$3,880
—
$294,480
—
2017
$3,880
—
$294,480
—
2016
$3,880
—
$294,482
—
2015
$3,887
3%
$294,482
—
2014
$3,784
-2%
$294,482
-11%
2013
$3,859
—
$332,660
—
Disclaimer: Historical tax 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 1240 Old Liberty Rd
1240 Old Liberty Road, Asheboro, NC 27203 (MLS# 1209833) is a Commercial property with 0 bedrooms and 0 full bathrooms. 1240 Old Liberty Road is currently listed for $1,250,000 and was received on February 21, 2026. Want to learn more about 1240 Old Liberty Road? Do you have questions about finding other Commercial real estate for sale in Asheboro? You can browse all Asheboro real estate or contact a Coldwell Banker agent to request more information.

