$349,999
 $1,826 est/mo Sourced by Back At You

109 S Herron Street,Morganton, NC 28655

Morganton, NC 28655

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Description

Unique investment opportunity located just 2 blocks from Downtown Morganton!! A single-family home along with a separate 2-unit apartment building is being sold together on the same lot for $349,999. All three units are occupied by long-term tenants, providing established rental income from day one. The single-family home currently rents for $1,350/month, while the two apartment units rent for $700/month and $800/month, for a combined rental income of $2,850/month or $34,200 annually. Additionally, there is an attached 480 Sqft. storage area/workshop which could be leased for additional income or possibly turned into additional living space. The location adds to the appeal of tenants with nearby access to a library, a movie theater, parks, walking trails, convenience stores, and Downtown Morganton where you'll find an array of restaurants, bars, shops, and professional services. In addition, Burke Co. has been coined "Nature's Playground" because of the State Parks/Trails & the thousands of acres of the Pisgah National Forest. This property is in a key location to access all the adventures the area has to offer plus it is only a five-minute drive to Exit 105 on I-40. The property combines current cash flow with location-driven tenant demand. Don't miss out on this Morganton multifamily investment opportunity. Call today to schedule your private tour and learn more about this income-producing asset. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS BY APPOINTMENT ONLY. The prospective buyer or buyer's agent must provide either written proof of funds sufficient to demonstrate the buyer's ability to purchase the property or a current lender pre-approval letter for financing. ****Burke County GIS shows the properties as 109 Herron and 109-B Herron Street. The deeds list the properties as 109 S. College and 109-B S. College Street. This will be corrected at closing by the attorney.

Details

MLS #4425386
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1907
Days On Site50
Listing Provided ByBroadpoint Real Estate Group | Joe Blumetti

Features

SQ Feet2,692
BasementY
Units3
ZoningMID
Acreage0.23

Interior

CoolingCeiling Fan(s), Central Air, Window Unit(s)
HeatingOil
Interior FeaturesAttic Finished
AppliancesElectric Oven, Microwave, Refrigerator

Exterior

Exterior FeaturesLawn Maintenance
RoofMetal
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Construction MaterialsBrick Partial, Block, Vinyl
Foundation DetailsBasement
Lot FeaturesCleared, Corner Lot

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Utilities

UtilitiesElectricity Connected

Other

List AorBurke County Board of Realtors

Taxes

Property102527

Area Information

StateNC
CountyBurke
CityMorganton
Zip Code28655
AreaBurke
School DistrictFreedom
Elementary SchoolForest Hill
High SchoolFreedom
Listing VS Median (in 28655)
Price:
$349,999
low | high
Med:
$305,000
62.85689387684% of Average
sqft:
2,692
low | high
Med:
2,212
67.830609212481% of Average
$ / sqft:
$130
low | high
Med:
$138
43.946997430584% of Average
On site:
50
low | high
Med:
80
62.5% of Average
Sourced by Back At You

Market Activity 28655

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Learn More About This Property

StateNC
CountyBurke
CityMorganton
Zip Code28655
AreaBurke
School DistrictFreedom
Elementary SchoolForest Hill
High SchoolFreedom
Listing VS Median (in 28655)
Price:
$349,999
low | high
Med:
$305,000
62.85689387684% of Average
sqft:
2,692
low | high
Med:
2,212
67.830609212481% of Average
$ / sqft:
$130
low | high
Med:
$138
43.946997430584% of Average
On site:
50
low | high
Med:
80
62.5% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:06:14 PM PDT