406-408 Burkemont Avenue, Morganton NC
- 0.9 ac
For Sale $1,333,000
Remarks:
Excellent investment opportunity to own two, fully-occupied 4-unit apartment buildings (8 units total) with exceptional rental income. All apartments are two bedrooms and 1 bathroom. The building has two apartments upstairs and two downstairs with a central hallway and back deck. Downtown Morganton location with excellent long term tenants and 100% occupancy. Investors can enjoy immediate returns from day one while strategically improving the properties for higher rents and long-term growth. Located within walking distance to Case Farms, Wal-Mart, North Carolina School of Science and Math-Morganton, and NC School for the Deaf. Close to Interstate 40 and Downtown Morganton.
General Information:
| List Price: | $1,333,000 |
| Status: | For Sale |
| Type: | Apartment |
| Parking: | Detached Carport, Parking Lot |
| MLS Number: | CAR4294212 |
| Subdivision: | None |
| Year Built: | 1961 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Forest Hill |
| Middle: | Walter Johnson |
| High: | Freedom |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-17-2025 | Listed | $1,333,000 | N/A |
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 | 0 miles | KG-06 | N/A |
| The New Dimensions School | 3 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 |
| 406-408 Burkemont Avenue, Morganton NC | 0 mi | $1,333,000 | days | |
| 410 Burkemont Avenue, Morganton NC | 0 mi | $667,000 | days | |
| 107 Rhyne Street, Morganton NC | 0.1 mi | $189,900 | days | |
| 110 Patton Street, Morganton NC | 0.2 mi | $324,900 | days | |
| 113 Falls Street, Morganton NC | 0.2 mi | $449,900 | days | |
| 109 Falls Street, Morganton NC | 0.2 mi | $299,000 | 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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| 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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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.
Property Listing Information
A Courtesy Listing Provided By RE/MAX Southern Lifestyles
406-408 Burkemont Avenue, Morganton NC is a ft2 on a 0.900 acres Appraisal lot. This is for $1,333,000. This has bedrooms, baths, and was built in 1961.
Based on information submitted to the MLS GRID as of 2025-10-17 11:26:50 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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