$1,400,000
Est. Payment: $7,196/mo
Adjust down payment, rate & terms
1416 Salisbury Ave, Albemarle, NC 28001
Albemarle, NC 28001
0
bedrooms
0
baths
6,144
sq.ft.
$228
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Rare chance to acquire a portfolio of three duplexes (six total units) located in the growing city of Albemarle, North Carolina. All units are currently renting at $1,350 per door, providing reliable, predictable income from day one. 3 total buildings / 6 total units — sold as a package. Albemarle is a fast-developing regional hub within commuting range of Charlotte, yet still offers residents the small-town comfort investors love: expanding job market, affordable cost of living, quality schools, and proximity to lakes, parks, and outdoor recreation (Morrow Mountain, Badin Lake, Uwharrie National Forest). The city has been steadily attracting both residents and small business investment — the exact formula that supports long-term rent growth. This is the ideal play for investors seeking cash flow in a growth corridor without the volatility and pricing wars of the major metros. Duplexes are among the most resilient asset classes in residential real estate — easy to lease, easy to manage, and hard to overbuild.
About the Neighborhood
Homes for sale in 28001 place buyers in Albemarle, the historic county seat of Stanly County, approximately 40 miles east of Charlotte via US-52, a city defined by its authentic small-town character, working industrial heritage, and a residential landscape undergoing steady reinvestment. The architectural stock reflects Albemarle's late 19th and early 20th century growth, with a strong concentration of Victorian-era foursquares, Colonial Revival homes, and Craftsman bungalows in the established downtown residential neighborhoods surrounding the historic Stanly County Courthouse. The revitalizing Downtown Albemarle district along South Second Street anchors the community's commercial identity, with Pee Dee River Adventures and Morrow Mountain State Park, one of North Carolina's premier outdoor destinations, providing exceptional natural recreation within a short drive. Major employers including Albemarle Corporation's local operations and Atrium Health Stanly anchor the local employment base. The 28001 real estate market delivers some of the most accessible price points in the greater Charlotte metro region, with substantial historic homes available at fractions of comparable intown Charlotte properties, making it an increasingly attractive option for buyers seeking character and value.
Property Features
Property Description
- Stories: 2
- Year Built: 2025
- Living Area: 6,144 sqft
- New Construction: Yes
- MLS #: 4315800
Association
- HOA Required: No
Interior Features
- Storage
- Heating: Electric, Heat Pump
- Cooling: Electric
- In Kitchen
Appliances
- Dishwasher
- Electric Oven
- Electric Range
- Microwave
- Refrigerator with Ice Maker
Construction Materials
- Vinyl
- Foundation: Slab
- Roof: Architectural Shingle
Cooling
- Electric
Foundation Details
- Slab
Heating
- Electric
- Heat Pump
Laundry Features
- In Kitchen
Parking Features
- Driveway
Pets Allowed
- Conditional
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Concrete, Paved
Sewer
- Public Sewer
WaterSource
- City
Flooring
- Carpet
- Vinyl
Fireplace
- Fireplace: No
Location
Schools
Elementary
Unspecified
Middle
Unspecified
High School
Unspecified
LISTING COURTESY OF: PREMIER REAL ESTATE TEAM INC.
premiersr77@gmail.com
$1,400,000
Est. Payment: $7,196/mo
Adjust down payment, rate & terms
Albemarle, NC 28001
0
bedrooms
0
baths
6,144
sq.ft.
$228
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Premier Real Estate Team Inc.
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$1,400,000
1416 Salisbury Avenue
0 bed, 0 bath