For Sale $750,000
Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas. Each commercial space is approximately 1,500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony. One unit is currently rented fully furnished on a short-term basis. Current total rental income is $7,150 per month. Operating expenses include taxes, insurance, lawn maintenance, exterior lighting, water, and property management. Listing agent is also the property manager. No interior showings until under contract. List of improvements and expenses available upon request.
Lawn Maintenance
| List Price: | $750,000 |
| Status: | For Sale |
| Bedrooms: | 8 |
| Type: | Eightplex |
| Parking: | Parking Lot, Parking Space(s) |
| MLS Number: | CAR4423516 |
| Style: | Other |
| Lot Description: | Paved, Other - See Remarks |
| Year Built: | 1970 |
| Sewer Type: | Public Sewer |
| Elementary: | Whitnel |
| Middle: | William Lenoir |
| High: | Hibriten |
| Date | Event | Price | $/SQFT |
| 09-17-2026 | Listed | $750,000 | N/A |
| 12-06-2025 | Listed | $399,900 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Davenport A+ School | 2 miles | KG-05 | 7 |
| West Lenoir Elementary | 2 miles | KG-05 | 1 |
| Lower Creek Elementary | 2 miles | KG-05 | 7 |
| Horizons Elementary | 3 miles | KG-05 | N/A |
| Oak Hill Elementary | 6 miles | KG-06 | 3 |
| Granite Falls Elementary | 8 miles | KG-05 | 8 |
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 |
| 319 Connelly Springs Road, Lenoir NC | 0 mi | $750,000 | days | |
| 502 Connelly Springs Road, Lenoir NC | 0.1 mi | $250,000 | days | |
| 507 Oak Street, Lenoir NC | 0.2 mi | $129,900 | days | |
| 1359 Delwood Drive, Lenoir NC | 0.2 mi | $242,000 | days | |
| 1515 Berkley Street, Lenoir NC | 0.3 mi | $324,900 | days | |
| 1641 Berkley Street, Lenoir NC | 0.5 mi | $125,000 | 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 |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| 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 Raccoon Realty LLC
319 Connelly Springs Road, Lenoir NC is a ft2 on a 0.510 acres lot. This is for $750,000. This has 8 bedrooms, baths, and was built in 1970.
Based on information submitted to the MLS GRID as of 2026-09-17 20:15:43 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.
Click here for more information
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.