Date
Details
Price
Change
Source
8/22/2025
Listed
$1,333,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/47
$1,333,000
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Property Description
Excellent investment opportunity to own two, fully-occupied 4-unit apartment buildings (8 units total) with exceptional rental income. All apartments are two bedrooms and 1 bathroom. The building has two apartments upstairs and two downstairs with a central hallway and back deck. Downtown Morganton location with excellent long term tenants and 100% occupancy. Investors can enjoy immediate returns from day one while strategically improving the properties for higher rents and long-term growth. Located within walking distance to Case Farms, Wal-Mart, North Carolina School of Science and Math-Morganton, and NC School for the Deaf. Close to Interstate 40 and Downtown Morganton.
Full Property Details
Full Property Details for 406-408 Burkemont Ave
General
- Price: $1,333,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4294212
- Updated: 8/22/2025
- Added to Site: 149 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator
Rooms
Other Rooms
- Laundry: Utility Room
Parking
- Carports: Yes
- Carport Spaces: 8
- Parking Features: Detached Carport, Parking Lot
Location
- County: Burke
- Driving Directions: From I-40, take exit 103. Property is 0.9 miles ahead on left.
School Information
- Elementary School: Forest Hill
- Middle School: Walter Johnson
- High School: Freedom
Heating & Cooling
- Cooling Type: Central Air, Other - See Remarks
- Heating Type: Heat Pump, Other - See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full
- Square Feet: 7,904
- Year Built: 1961
Lot Features
- Street/Road Desc.: Asphalt, Paved
- Rcmdd Zoning: MID
Financial Considerations
- Tenant Pays: All Utilities, Interior Common Lights
Disclosures and Reports
- Property ID: 2703021369
- Lot Number: 2588/161
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Price & Sales History for 406-408 Burkemont Ave
Tax History
Tax History for 406-408 Burkemont Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,854
1%
$264,055
—
2023
$1,831
28%
$264,055
66%
2022
$1,434
2%
$159,206
—
2021
$1,410
1%
$159,206
—
2020
$1,394
—
$159,206
—
2019
$1,394
18%
$159,206
24%
2018
$1,182
1%
$128,586
—
2017
$1,174
4%
$128,586
—
2016
$1,134
1%
$128,586
—
2015
$1,122
—
$128,586
—
2014
$1,117
—
$128,586
—
2013
$1,117
—
$128,586
—
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 406-408 Burkemont Ave
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- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 2Total Baths
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406-408 Burkemont Avenue, Morganton, NC 28655 (MLS# 4294212) is a Single Family property with 0 bedrooms and 0 full bathrooms. 406-408 Burkemont Avenue is currently listed for $1,333,000 and was received on August 22, 2025. Want to learn more about 406-408 Burkemont Avenue? 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.