109 Herron Street, Morganton NC
- 0.2 ac
For Sale $349,999
Remarks:
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.
Exterior Features:
Lawn Maintenance
Interior Features:
Attic Finished
General Information:
| List Price: | $349,999 |
| Status: | For Sale |
| Type: | Portfolio |
| Parking: | Driveway |
| MLS Number: | CAR4425386 |
| Style: | Traditional |
| Lot Description: | Cleared, Corner Lot |
| Year Built: | 1907 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Forest Hill |
| Middle: | Liberty |
| High: | Freedom |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-17-2026 | Listed | $349,999 | N/A |
| 12-15-2025 | Under Contract | $200,000 | N/A |
| 12-05-2025 | Listed | $200,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| NC School for the Deaf | 1 miles | KG-06 | N/A |
| The New Dimensions School | 2 miles | KG-06 | 7 |
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.
Properties For Sale Nearby
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 |
| 109 Herron Street, Morganton NC | 0 mi | $349,999 | days | |
| 507 College Street, Morganton NC | 0 mi | $130,000 | days | |
| 101 Ramsey Street, Morganton NC | 0.1 mi | $216,000 | days | |
| 315 Mcdowell Street, Morganton NC | 0.2 mi | $199,900 | days | |
| 302 Ramsey Street, Morganton NC | 0.2 mi | $179,300 | days | |
| 107 Concord Street, Morganton NC | 0.3 mi | $207,000 | days |
Sold Properties Nearby
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 |
Commute Distance & Time
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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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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28655
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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.
Property Listing Information
A Courtesy Listing Provided By Broadpoint Real Estate Group
109 Herron Street, Morganton NC is a ft2 on a 0.230 acres lot. This is for $349,999. This has bedrooms, baths, and was built in 1907.
Based on information submitted to the MLS GRID as of 2026-09-17 02:45:02 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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