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$499,000
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Property Description
This is a stunning MULTI FAMILY or RENTAL OPPORTUNITY PROPERTY. A STEAL FOR UNDER $500K!!! 3 separate living quarters! Each with its own parking areas, 2 large carports and a circular drive. It features the main house with a bedroom & full bath on the main floor & a full bath/bed upstairs.A BEAUTIFUL LARGE KITCHEN with new fingerprint-resistant stainless steel appliances (which stay) LOOKS OUT TO THE GORGEOUS POOL & lush yard.The main house has a door that leads to the adjacent apartment which has a bedroom/office on the main level & a living room, kitchen, bedroom, & full bathroom/laundry room upstairs.The apartment has it's own huge carport(that can accommodate tall trucks or RV's) & 2 outside access doors.The cottage is a charming separate 1 bedroom, living room, kitchen, laundry, bathroom, home that has a private back deck & parking area.The main house features 2 enclosed sunroom/porches & you can enjoy the evening's sunsets from the upper EAGLE'S NEST DECK WITH CAPTIVATING VIEWS OF THE MOUNTAINS. A great property for entertaining with a huge covered front porch, several decks, a gazebo, a koi pond, greenhouse, countless flowering bushes and beautiful trees with mountain views & a gorgeous in-ground pool. Pool solar blanket,cover & furniture to remain. All 3 sets of washers & dryers to stay. All 3 refrigerators to stay. At the property it feels like you are miles away from the hustle and bustle, but conveniences are close by. Just a few minutes to i-40, restaurants, grocery stores, medical practices, the hospital and the greenway. It is also close to the charming downtown of Morganton where they hold concerts, festivals and other fun entertainment. NO HOA!
Full Property Details
Full Property Details for 227 Reep Dr
General
- Price: $499,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4312133
- Updated: 11/6/2025
- Added to Site: 96 day(s) ago
Interior
- Interior Features: Attic Walk In, Garden Tub, Storage, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Plumbed For Ice Maker, Refrigerator with Ice Maker, Self Cleaning Oven, Washer/Dryer
- Flooring: Laminate, Tile, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Utility Room, Multiple Locations
Exterior
- Exterior Features: Rooftop Terrace, Storage
Parking
- Carports: Yes
- Carport Spaces: 2
- Parking Features: Attached Carport, Circular Driveway, Shared Driveway
Location
- County: Burke
- Driving Directions: Off of exit 100 from I-40, the road that runs right next to the hwy. It will be on the left at a driveway with 2 columns. It is a shared driveway. Go to the left past the yellow house and up the hill. A circular driveway with access to the cottage parking area and the 2 carports.
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air, Window Unit(s)
- Heating Type: Heat Pump, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Connected, Electricity Connected
Structural Information
- Construction: Site Built
- Exterior Const.: Vinyl
- Square Feet: 2,919
- Year Built: 1920
Lot Features
- Street/Road Desc.: Asphalt, Paved
- Lot Features: Private, Wooded, Views
- Fencing (Description): Partial
Financial Considerations
- Terms: Cash, Conventional
- Tenant Pays: All Utilities
Disclosures and Reports
- Restrictions: No Restrictions, Short Term Rental Allowed
- Property ID: 1782098516
- Lot Number: 2698-037
Listed by Hines Rose Realty LLC
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Schools
Schools serving 227 Reep Dr
School District:Burke County Schools
| Name | Grades | Distance |
|---|---|---|
Glen Alpine Elementary 302 London Street, Morganton, NC 28655 | PK-5 | 1.1 mi |
Table Rock Middle 1585 North Carolina 126, Morganton, NC 28655 | 6-8 | 2.2 mi |
Freedom High 511 Independence Boulevard, Morganton, NC 28655 | 9-12 | 2.9 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 227 Reep Dr
Date
Details
Price
Change
Source
11/06/2025
Price Reduced
$499,000
-9.11%
MLS
10/12/2025
Listed
$549,000
96.07%
MLS
7/28/2023
Sold
$280,000
—
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 227 Reep Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,331
-32%
$331,762
—
2023
$1,946
28%
$331,762
60%
2022
$1,521
—
$207,082
-10%
2021
$1,515
—
$229,245
10%
2020
$1,516
-13%
$207,761
-14%
2019
$1,748
46%
$241,110
49%
2018
$1,198
—
$162,015
—
2017
$1,196
2%
$162,015
—
2016
$1,167
14%
$162,015
-8%
2015
$1,027
—
$176,374
24%
2014
$1,025
—
$141,896
—
2013
$1,025
—
$141,896
—
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 227 Reep Dr
227 Reep Drive, Morganton, NC 28655 (MLS# 4312133) is a Single Family property with 5 bedrooms and 4 full bathrooms. 227 Reep Drive is currently listed for $499,000 and was received on October 12, 2025. Want to learn more about 227 Reep Drive? Do you have questions about finding other Single Family real estate for sale in Morganton? You can browse all Morganton real estate or contact a Coldwell Banker agent to request more information.

