1212 Monroe Street, Salisbury NC
- 5 Bed
- 0.2 ac
For Sale $375,000
Remarks:
Discover a rare income-producing opportunity with this charming triplex located at 1212 W Monroe Street in Salisbury, NC. This value-driven multifamily property is already structured for success with three separate units—featuring a mix of 2-bedroom and 1-bedroom layouts—making it perfectly positioned to generate multiple streams of rental income from day one. Currently undergoing renovations, this property presents a powerful advantage for savvy investors who understand the upside of buying during transformation. As improvements continue, the potential for increased rental rates, forced appreciation, and long-term equity growth becomes even more compelling. Imagine securing a property before its full value is realized—this is where strategic investors win. The exterior showcases a classic design with a welcoming covered front porch, while the interior layout offers functional living spaces ideal for tenants seeking comfort and convenience. With approximately 2,188 heated square feet and additional basement space, there is room to enhance value even further. Positioned on a .23-acre lot with city water and sewer, and located near local amenities, this property benefits from both accessibility and demand. Even more appealing—all utilities are currently owner-paid, offering flexibility to restructure expenses and maximize ROI. Whether you're looking to house hack, expand your rental portfolio, or secure a cash-flowing asset in a growing market, this property checks all the boxes. Opportunities like this—where timing, value, and potential intersect—don’t stay available for long. Act now to capitalize on this renovation-stage investment before it reaches full market potential.
General Information:
| List Price: | $375,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Triplex |
| Parking: | Driveway, On Street |
| MLS Number: | CAR4373518 |
| Subdivision: | None |
| Year Built: | 1900 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Isenberg |
| Middle: | Knox |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-11-2026 | Listed | $375,000 | N/A |
| 09-06-2025 | Under Contract | $574,900-4.18% | N/A |
| 08-05-2025 | Listed | $600,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Carroll T Overton Elementary School | 1 miles | KG-05 | 1 |
| Harold D Isenberg Elementary | 2 miles | PK-05 | 1 |
| Elizabeth Duncan Koontz Elementary School | 3 miles | KG-05 | 1 |
| Elizabeth Hanford Dole Elementary School | 3 miles | PK-05 | 1 |
| North Rowan Elementary School | 4 miles | PK-05 | 1 |
| J F Hurley Elementary School | 4 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.
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 |
| 1212 Monroe Street, Salisbury NC | 0 mi | $375,000 | days | |
| 1219-1217 Old Wilkesboro Road, Salisbury NC | 0.1 mi | $245,900 | days | |
| 409 Messner Street, Salisbury NC | 0.2 mi | $125,000 | days | |
| 827 Horah Street, Salisbury NC | 0.3 mi | $159,500 | days | |
| 1027 Old Plank Road, Salisbury NC | 0.3 mi | $140,000 | days | |
| 1534 Horah Street, Salisbury NC | 0.3 mi | $259,000 | 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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Mortgage Calculator
| 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 |
Demographic Data For Zip 28144
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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 Lifestyle International Realty
1212 Monroe Street, Salisbury NC is a ft2 on a 0.230 acres Appraisal lot. This is for $375,000. This has 5 bedrooms, baths, and was built in 1900.
Based on information submitted to the MLS GRID as of 2026-06-11 11:41:35 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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