1416 Salisbury Avenue
1416 Salisbury Avenue
Albemarle, NC 28001
$1,400,000
- Bedrooms:
- Bathrooms:
- Lot Size: 0.93 Acres
Description
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.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Portfolio |
| Year Built : | 2025 | Construction Type : | Site Built |
| Lot Size : | 0.93 Acres | Living Area : | 6,144 sqft |
Property Features
- Storage
Appliances
- Dishwasher
- Electric Oven
- Electric Range
- Microwave
- Refrigerator with Ice Maker
More Information
- Construction : Vinyl
- Roof : Architectural Shingle
- Parking : Driveway
- Heating : Electric, Heat Pump
- Cooling : Electric
- Water Source : City
- Road : Publicly Maintained Road
Based on information submitted to the MLS GRID as of 10-24-2025 02:15:05 UTC 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.