For Sale $320,000
Income-producing multi-unit property currently operated as four separate units. Electrical updates and improvements completed by current owner. New roof installed in 2023. Units feature window HVAC systems. One unit does not have a kitchen. All tenants are on month-to-month leases, providing flexibility for an investor. Current rents total $2,900/month across four units. Excellent opportunity for immediate cash flow or value-add potential.
| List Price: | $320,000 |
| Status: | For Sale |
| Bedrooms: | 6 |
| Type: | Triplex |
| Parking: | Driveway, Detached Garage, On Street |
| MLS Number: | CAR4345154 |
| Year Built: | 1920 |
| Sewer Type: | Public Sewer |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 03-31-2026 | Listed | $320,000 | N/A |
| 10-23-2025 | Price Decrease | $899,000-9.10% | N/A |
| 08-26-2025 | Price Decrease | $989,000-10.01% | N/A |
| 07-09-2025 | Price Decrease | $1,099,000-8.34% | N/A |
| 05-28-2025 | Listed | $1,199,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Davenport A+ School | 0 miles | KG-05 | 7 |
| West Lenoir Elementary | 1 miles | KG-05 | 1 |
| Horizons Elementary | 1 miles | KG-05 | N/A |
| Lower Creek Elementary | 2 miles | KG-05 | 7 |
| Happy Valley Elementary | 6 miles | KG-06 | 5 |
| Oak Hill Elementary | 7 miles | KG-06 | 3 |
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 |
| 1101 College Avenue, Lenoir NC | 0 mi | $320,000 | days | |
| 1010 College Avenue, Lenoir NC | 0.1 mi | $429,900 | days | |
| 1011 Ashe Avenue, Lenoir NC | 0.2 mi | $249,900 | days | |
| 506 MAIN Street, Lenoir NC | 0.5 mi | $385,000 | days | |
| 1407 Mimosa Lane, Lenoir NC | 0.5 mi | $449,900 | days | |
| 703 Stage Street, Lenoir NC | 0.7 mi | $179,000 | 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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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Transportation to Work |
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 Nestlewood Realty, LLC
1101 College Avenue, Lenoir NC is a ft2 on a 0.250 acres Appraisal lot. This is for $320,000. This has 6 bedrooms, baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2026-03-31 11:26:07 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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