For Sale $725,000
Multi-Residential Investment Opportunity on 2.25 Acres This unique property offers incredible potential with 2.21 acres and multiple dwellings already in place. Two of the homes are currently tenant-occupied and generating rental income. A third home is halfway through renovations, giving you a head start on updates, while another home is in need of a full remodel and ready for your vision. In addition, the parcel allows for one more dwelling to be built, creating even more opportunity for growth. This is an ideal investment for anyone looking to expand their rental portfolio, explore multi-generational living options, or create a small community with income-producing potential. Please do not disturb tenants.
List Price: | $725,000 |
Status: | For Sale |
Bedrooms: | 6 |
Type: | Portfolio |
Parking: | On Street |
MLS Number: | CAR4306776 |
Subdivision: | None |
Year Built: | 1930 |
Sewer Type: | Public Sewer |
Elementary: | Unspecified |
Middle: | Unspecified |
High: | Unspecified |
Date | Event | Price | $/SQFT |
10-18-2025 | Listed | $725,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
School Name | Distance | Grades | Rating |
Forest City-Dunbar Elementary School | 1 miles | PK-05 | 4 |
Forrest W. Hunt Elementary School | 2 miles | PK-05 | 8 |
Harris Elementary School | 4 miles | PK-05 | 7 |
Spindale Elementary School | 4 miles | PK-05 | 6 |
Ellenboro Elementary School | 6 miles | PK-05 | 7 |
Rutherfordton Elementary School | 6 miles | PK-05 | 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.
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 |
229 Liberty Street, Forest City NC | 0 mi | $725,000 | days | |
324 Harmon Street, Forest City NC | 0.1 mi | $150,000 | days | |
115 Hill Street, Forest City NC | 0.2 mi | $169,000 | days | |
154 Hill Street, Forest City NC | 0.2 mi | $199,500 | days | |
158 Hill Street, Forest City NC | 0.2 mi | $199,500 | days | |
272 Washington Street, Forest City NC | 0.2 mi | $174,000 | 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)
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 |
Occupancy Types |
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 EXP Realty LLC
229 Liberty Street, Forest City NC is a ft2 on a 2.210 acres Appraisal lot. This is for $725,000. This has 6 bedrooms, baths, and was built in 1930.
Based on information submitted to the MLS GRID as of 2025-10-18 09:55:05 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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