Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6,144 sqft

$1,400,000

1416 Salisbury Avenue, Albemarle NC, 28001

Price per sqft$227.86
Built in2025
Property size6,144 sqft
Property typeMulti-family
Courtesy of Premier Real Estate Team Inc., Steven Ross Listing Contact: [email protected]

Overview

Active

Listed Oct 23, 2025

Updated 14h ago

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.

$9,314/mo

Est. mortgage payment based on a $1,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

New Construction
Yes
55+/Senior Community
No

Listings courtesy of Canopy MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Janée Krauth shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:17 AM UTC on 10/3/2026. 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.

©2026 Canopy MLS . All rights reserved.

DMCA Notice

Powered by Luxury Presence