For Sale $650,000
Excellent investment opportunity featuring a total of six apartments comprised of one four-plex and one duplex. Each unit offers a desirable one level layout with 2 bedrooms, 1 full bath, and in-unit laundry. All units are currently occupied with long-term month to month renters, providing immediate and stable income. The property is serviced by city water and sewer and is topped with a durable metal roof for low-maintenance care. Situated in the front of a generous 8.54 acre tract, this property offers room for future potential while maintaining privacy. Each unit has its own meter for power which tenant pays. Investors welcome—a solid addition to any rental portfolio.
| List Price: | $650,000 |
| Status: | For Sale |
| Bedrooms: | 12 |
| Type: | Apartment |
| Parking: | Driveway |
| MLS Number: | CAR4337958 |
| Style: | Ranch |
| Lot Description: | Level |
| Year Built: | 1982 |
| Sewer Type: | Public Sewer |
| Elementary: | Baton |
| Middle: | Gamewell |
| High: | West Caldwell |
| Date | Event | Price | $/SQFT |
| 01-29-2026 | Listed | $650,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| West Lenoir Elementary | 5 miles | KG-05 | 1 |
| Davenport A+ School | 5 miles | KG-05 | 7 |
| Granite Falls Elementary | 6 miles | KG-05 | 8 |
| Lower Creek Elementary | 6 miles | KG-05 | 7 |
| Horizons Elementary | 6 miles | KG-05 | N/A |
| Oak Hill Elementary | 8 miles | KG-06 | 3 |
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 |
| 3715 Panda Lane, Lenoir NC | 0 mi | $650,000 | days | |
| 1463 Land Street, Lenoir NC | 0.2 mi | $170,000 | days | |
| 3988 Greenwood Drive, Lenoir NC | 0.3 mi | $230,000 | days | |
| 1396 Cottage Grove Road, Lenoir NC | 0.4 mi | $525,000 | days | |
| 302 Redwood Place, Lenoir NC | 0.6 mi | $499,900 | days | |
| 1838 Connelly Springs Road, Lenoir NC | 0.6 mi | $219,900 | 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)
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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 WNC Real Estate at Lake James
3715 Panda Lane, Lenoir NC is a ft2 on a 8.540 acres Level lot. This is for $650,000. This has 12 bedrooms, baths, and was built in 1982.
Based on information submitted to the MLS GRID as of 2026-01-29 10:56:05 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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