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$780,000
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Property Description
Incredible investment opportunity! 3840 square foot 5-unit building, fully rented with all tenants living there for two years or more. All units are 2- bedroom units, 1- Bath each with their own parking space and plenty off street parking. Projected rental income of $86150 for 2025. All units has it's on water and power meter. NEW VINYL AND REPLACEMENT WINDOWS INSTALL LAST MONTH, ALL DISHWASHER REPLACED WITHIN THE LAST TWO MONTHS, ROOF REPLACED WITHIN THE LAST 2 YEARS. CENTRAL AIR/HEAT,LVP and WASHER/DRYER HOOK UPS IN ALL UNITS. All tenants are currently on a lease and all wish to remain in place.
Full Property Details
Full Property Details for 312 Stokes St
General
- Sold For: $780,000
- Taxes: $1,614
- Status: Closed
- Type: Apartment
- Source: Triad_MLS
- MLS ID: 1197508
- Added to Site: 177 day(s) ago
Interior
- Appliances: Electric Water Heater
- Flooring: Laminate
Rooms
Other Rooms
- Laundry: Washer/Dryer Connection
Parking
- Parking Features: Paved
Location
- County: Alamance
- Driving Directions: FROM E. WEBB AVE. TURN ONTO WHITSETT ST. THEN TURN RIGHT ONTO STOKES ST. PROPERTY WILL BE LOCATED ON YOU LEFT.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Heat Pump, Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Two Story
- Exterior Const.: Vinyl Siding
- Year Built: 1984
Lot Features
- Lot Dimensions: 101 x 153 x 100 x 152
- Lot Features: City Lot, Level
Financial Considerations
- Tax Amount: $1,614.5
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Owner Sale
- Lot Number: 41
Listed by Elevation Realty
Sold by Coldwell Banker Advantage
Get Pre-Approved Today
Schools
Schools serving 312 Stokes St
School District:Alamance-Burlington Schools
| Name | Grades | Distance |
|---|---|---|
Harvey R Newlin Elementary 316 Carden Street, Burlington, NC 27215 | PK-5 | 0.4 mi |
Graham Middle 311 East Pine Street, Graham, NC 27253 | 6-8 | 1.8 mi |
Graham High 903 Trollinger Road, Graham, NC 27253 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 312 Stokes St
Date
Details
Price
Change
Source
2/04/2026
Sold
$780,000
-6.01%
MLS
9/30/2025
Listed
$829,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
312 Stokes Street, Burlington, NC 27215 (MLS# 1197508) is a Apartment property that was sold at $780,000 on February 04, 2026. Want to learn more about 312 Stokes Street? Do you have questions about finding other Apartment real estate for sale in Burlington? You can browse all Burlington real estate or contact a Coldwell Banker agent to request more information.

