227 Reep Drive, Morganton NC
- 5 Bed
- 4 Bath
- 1098 ft2
- 0.9 ac
For Sale $499,000
Remarks:
This is a stunning MULTI FAMILY or RENTAL OPPORTUNITY PROPERTY. A STEAL FOR UNDER $500K!!! 3 separate living quarters! Each with its own parking areas, 2 large carports and a circular drive. It features the main house with a bedroom & full bath on the main floor & a full bath/bed upstairs.A BEAUTIFUL LARGE KITCHEN with new fingerprint-resistant stainless steel appliances (which stay) LOOKS OUT TO THE GORGEOUS POOL & lush yard.The main house has a door that leads to the adjacent apartment which has a bedroom/office on the main level & a living room, kitchen, bedroom, & full bathroom/laundry room upstairs.The apartment has it's own huge carport(that can accommodate tall trucks or RV's) & 2 outside access doors.The cottage is a charming separate 1 bedroom, living room, kitchen, laundry, bathroom, home that has a private back deck & parking area.The main house features 2 enclosed sunroom/porches & you can enjoy the evening's sunsets from the upper EAGLE'S NEST DECK WITH CAPTIVATING VIEWS OF THE MOUNTAINS. A great property for entertaining with a huge covered front porch, several decks, a gazebo, a koi pond, greenhouse, countless flowering bushes and beautiful trees with mountain views & a gorgeous in-ground pool. Pool solar blanket,cover & furniture to remain. All 3 sets of washers & dryers to stay. All 3 refrigerators to stay. At the property it feels like you are miles away from the hustle and bustle, but conveniences are close by. Just a few minutes to i-40, restaurants, grocery stores, medical practices, the hospital and the greenway. It is also close to the charming downtown of Morganton where they hold concerts, festivals and other fun entertainment. NO HOA!
Exterior Features:
Rooftop Terrace, Storage
Interior Features:
Attic Walk In, Garden Tub, Storage, Walk-In Closet(s)
General Information:
| List Price: | $499,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Triplex |
| Approx Sq. Ft.: | 1098 sqft |
| Parking: | Attached Carport, Circular Driveway, Shared Driveway |
| MLS Number: | CAR4312133 |
| Subdivision: | none |
| Bathrooms: | 4 |
| Lot Description: | Private, Wooded, Views |
| Year Built: | 1920 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 11-14-2025 | Price Decrease | $499,000-9.11% | $455 |
| 08-24-2025 | Price Decrease | $549,000-6.79% | $500 |
| 07-29-2025 | Listed | $589,000 | $537 |
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 | 4 miles | KG-06 | N/A |
| The New Dimensions School | 5 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 |
| 227 Reep Drive, Morganton NC | 0 mi | $499,000 | days | |
| 255 REEP Drive, Morganton NC | 0.2 mi | $279,900 | days | |
| 4444 REEP Drive, Morganton NC | 0.3 mi | $248,900 | days | |
| 9999 Carbon City Road, Morganton NC | 0.3 mi | $215,000 | days | |
| 112 Surrey Drive, Morganton NC | 0.5 mi | $325,000 | days | |
| 113 Highlander Street, Morganton NC | 0.6 mi | $189,900 | 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 Hines Rose Realty LLC
227 Reep Drive, Morganton NC is a 1098 ft2 on a 0.860 acres lot. This is for $499,000. This has 5 bedrooms, 4 baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2025-07-29 10:20:16 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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