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$709,000
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Property Description
Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.
Full Property Details
Full Property Details for 515 China Grove Rd
General
- Sold For: $709,000
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4223909
- Added to Site: 335 day(s) ago
Interior
- Appliances: Other
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 12
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup
Parking
- Parking Features: Driveway, Parking Space(s)
Location
- County: Rowan
Community
- Pets Allowed: Yes
- Pets: Conditional
Heating & Cooling
- Cooling Type: Central Air, Heat Pump
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Shared Well
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full, Vinyl
- Square Feet: 6,382
- Year Built: 1970
Lot Features
- Street/Road Desc.: Dirt, Gravel, Paved
Financial Considerations
- Terms: Cash, Conventional
- Tenant Pays: Electricity
Disclosures and Reports
- Special Conditions: Subject to Lease
- Property ID: 134002
- Lot Number: 1418-860
Listed by Guardian Real Estate Group LLC
Sold by One Community Real Estate
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Schools
Schools serving 515 China Grove Rd
School District:Rowan-Salisbury Schools
| Name | Grades | Distance |
|---|---|---|
China Grove Elementary School 514 South Franklin Street, China Grove, NC 28023 | PK-5 | 1.3 mi |
China Grove Middle School 1013 North Main Street, China Grove, NC 28023 | 6-8 | 2.1 mi |
South Rowan High School 1655 Patterson Street, China Grove, NC 28023 | 9-12 | 2.3 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 515 China Grove Rd
Date
Details
Price
Change
Source
8/07/2025
Sold
$709,000
-11.36%
MLS
2/17/2025
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
515 China Grove Road, China Grove, NC 28023 (MLS# 4223909) is a Single Family property that was sold at $709,000 on August 07, 2025. Want to learn more about 515 China Grove Road? Do you have questions about finding other Single Family real estate for sale in China Grove? You can browse all China Grove real estate or contact a Coldwell Banker agent to request more information.

