For Sale $1,250,000
Investment Opportunity in Granite Falls! This eight-unit apartment complex offers an excellent opportunity for investors seeking an income-producing property with all units currently leased. The complex consists of seven two-bedroom, 1.5-bath units and one three-bedroom, 2.5-bath unit (Unit 116). Unit 116 features a spacious main level with a living room, kitchen, pantry, half bath, sunroom, laundry room, single-car garage, and single-car carport. The upper level includes a primary bedroom with a large ensuite bathroom and spacious walk-in closet, along with two additional bedrooms that share a hall bathroom. The remaining seven units feature a living room, kitchen, half bath, patio, and utility room on the main level. The upper level offers two bedrooms, a full hall bathroom, and a laundry closet. Each unit's kitchen is equipped with a refrigerator, range, microwave, and dishwasher. Washers and dryers are not included and are the tenants' responsibility. Water, sewer, and electric services are provided through the Town of Granite Falls, with tenants responsible for all utility costs. Flooring throughout the units consists of a combination of carpet, tile, and vinyl in various areas. All eight units are currently leased/rented, providing an established rental income stream. Please do not disturb the tenants. Showings will be limited to serious and qualified investors.
| List Price: | $1,250,000 |
| Status: | For Sale |
| Bedrooms: | 17 |
| Type: | Eightplex |
| Parking: | Assigned, Other - See Remarks |
| MLS Number: | CAR4411677 |
| Style: | Traditional |
| Year Built: | 1999 |
| Sewer Type: | Public Sewer |
| Elementary: | Granite Falls |
| Middle: | Granite Falls |
| High: | South Caldwell |
| Date | Event | Price | $/SQFT |
| 09-13-2026 | Listed | $1,250,000 | N/A |
| 12-02-2025 | Listed | $115,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Granite Falls Elementary | 1 miles | KG-05 | 8 |
| Viewmont Elementary | 7 miles | PK-05 | 2 |
| Southwest Elementary | 7 miles | PK-05 | 1 |
| W M Jenkins Elementary | 7 miles | PK-05 | 7 |
| Longview Elementary | 7 miles | PK-05 | 3 |
| Oakwood Elementary | 7 miles | PK-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 102 King Henry Lane, Granite Falls NC | 0 mi | $1,250,000 | days | |
| 32 Highland Avenue, Granite Falls NC | 0.2 mi | $245,000 | days | |
| 15 Valley Street, Granite Falls NC | 0.2 mi | $275,000 | days | |
| 128 Main Street, Granite Falls NC | 0.3 mi | $268,900 | days | |
| 3196 Corkie Drive, Granite Falls NC | 0.3 mi | $210,000 | days | |
| 49 Laurel Street, Granite Falls NC | 0.4 mi | $285,000 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Baker Realty
102 King Henry Lane, Granite Falls NC is a ft2 on a 1.610 acres Appraisal lot. This is for $1,250,000. This has 17 bedrooms, baths, and was built in 1999.
Based on information submitted to the MLS GRID as of 2026-09-13 14:55:29 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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