7
  • Property Type
  • Portfolio, Residential Income
  • 6144 Sqft
  • Area Size
  • 2025
  • Year Built

1416 Salisbury Avenue, Albemarle, NC 28001

  • $1,400,000

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.

  • Address: 1416 Salisbury Avenue
  • City: Albemarle
  • State/county: NC
  • Zip/Postal Code: 28001

Details

Updated on November 19, 2025 at 8:56 pm
  • Property ID 4315800
  • Price $1,400,000
  • Property Size 6144 m²
  • Garage Size x x
  • Year Built 2025
  • Property Type Portfolio, Residential Income
  • Property Status Active, For Sale

Additional details

  • Roof Architectural Shingle
  • Sewer Public Sewer
  • Cooling Electric
  • Heating Electric,Heat Pump
  • Flooring Carpet,Vinyl
  • County Stanly
  • Property Type Residential Income
  • Parking Driveway
  • Elementary School Unspecified
  • Middle School Unspecified
  • High School Unspecified

Features

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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