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$349,999
4425386 MLS ⋅ 2,692 SqFt. ⋅ ACTIVE Status
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.

109 S Herron Street, Morganton

Listing courtesy of Broadpoint Real Estate Group. joe@broadpointrealestate.com
$1,670,000
4 Beds ⋅ 6 Baths ⋅ 4380670 MLS ⋅ 4,988 SqFt. ⋅ ACTIVE Status
Set along one of Morganton’s most treasured streets, this timeless brick Colonial sits on a rare 1.36-acre flat lot with an expansive, fully fenced backyard, creating a private in-town retreat just three blocks from downtown Morganton’s boutique shopping, dining, and schools. Originally built in 1940 and thoughtfully renovated by Ridgeline Building Corp., the residence honors its classic character while introducing refined finishes and elevated functionality designed for contemporary living. Sun-filled interiors showcase beautiful millwork, hardwood floors, curated finishes, and gracious gathering spaces. The main level is designed for both elegant entertaining and comfortable everyday living, featuring a formal living room anchored by a fireplace, a formal dining room with original corner built-ins, a richly appointed study with wet bar, and a warm, inviting den lined with custom built-ins and its own wet bar. A gourmet kitchen with breakfast nook and a stylish half bath complete the main level. The kitchen is exceptionally appointed with custom cabinetry and a suite of premium integrated appliances, including a Wolf 48-inch six-burner range, warming drawer, Sub-Zero refrigerator, refrigerator drawers, dual dishwashers, and a built-in Miele coffee system. Upstairs, four spacious bedrooms includes two en suite retreats and two additional bedrooms connected by a Jack-and-Jill bath. The versatile attic level features a playroom plus a (fifth) bedroom or recreation space complete with wet bar. A laundry room and full bath complete this level. The basement-level studio-style guest space, complete with kitchenette and full bath, offers comfortable accommodations for visiting guests, or an au pair suite. Practical luxuries include two laundry rooms, abundant storage, a security system, exercise/play space, a two-car garage with attached garden shed, and irrigation system. With only three owners in its history, this impeccably renovated residence represents a rare opportunity to own one of Morganton’s landmark homes — where historic charm, modern craftsmanship, and an unparalleled setting come together for a once-in-a-generation opportunity. Ideal location only 90 minutes from Charlotte, 45 minutes to Asheville and Blowing Rock.

319 W Union Street, Morganton

Listing courtesy of Nest Realty Morganton. leanne.brittain@nestrealty.com

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