For Sale $50,900
Attention investors and rehab specialists! This vacant SFR that is set up to host multi-family living offers a rare opportunity to restore a historic duplex just steps from downtown Mount Gilead. One side featuring a 2-bedroom, 1-bath layout and the other 1-bedroom, 1-bathroom , ideal for room rentals, long-term tenants, or a full flip. The structure is in very poor condition and will require a complete renovation—but the upside is undeniable. With strong rental demand in the area and is the perfect blank canvas for a seasoned investor looking to maximize returns. Situated on a nearly half-acre lot, there's potential for yard use, additional parking, or exterior upgrades to increase curb appeal. Highlights Two unit living Separate entrances Strong rental comps nearby Sold as-is, no repairs by seller Bring your vision, your contractor, and your calculator—this one won’t last.
| List Price: | $50,900 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2498 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4289012 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Year Built: | 1900 |
| Sewer Type: | Public Sewer |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Norwood Elementary School | 7 miles | KG-05 | 2 |
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 |
| 116 Ingram Street, Mount Gilead NC | 0 mi | $50,900 | days | |
| 206 Allenton Street, Mount Gilead NC | 0.2 mi | $209,999 | days | |
| 105 Second Avenue, Mount Gilead NC | 0.2 mi | $40,000 | days | |
| 208 School Street, Mount Gilead NC | 0.3 mi | $49,900 | days | |
| 401 Julius Chambers Avenue, Mount Gilead NC | 0.4 mi | $229,900 | days | |
| 403 Julius Chambers Avenue, Mount Gilead NC | 0.4 mi | $214,500 | 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)
| Property Taxes |
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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 Southern Home Group Realty LLC
116 Ingram Street, Mount Gilead NC is a 2498 ft2 on a 0.470 acres Appraisal lot. This is for $50,900. This has 3 bedrooms, 2 baths, and was built in 1900.
Based on information submitted to the MLS GRID as of 2025-09-04 09:56:40 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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