507 5th Street, Albemarle NC
- 3 Bed
- 2 Bath
- 1588 ft2
- 0.3 ac
For Sale $359,000
Remarks:
If you’ve been looking for a home with real character — and a location where you can actually walk to everything — this downtown Albemarle gem is worth a look. Right in the heart of Albemarle’s social district, this classic 3-bedroom brick home blends vintage charm with everyday comfort. From the moment you step inside, you notice the details that make older homes special — original stained-glass windows, hardwood floors that have stood the test of time, and tile bathrooms that keep the home’s character intact. The layout gives you flexibility for how you live today. The main level offers a comfortable living space, a den that works well as a home office or second sitting area, and a bedroom that makes single-level living or hosting guests easy. Upstairs, you’ll find two more bedrooms, including a spacious primary with its own sitting room — perfect for a reading nook, dressing area, or quiet retreat at the end of the day. Outside, the front porch feels like it was made for slow mornings with coffee or evenings watching the neighborhood come alive. And the location really sets this one apart — you’re within walking distance to downtown Albemarle restaurants, breweries, coffee shops, and local boutiques, making it easy to enjoy the energy of town while still having a place that feels like home. If you’ve been searching for a downtown Albemarle home with character, walkability, and timeless charm, this is the kind of place that doesn’t come along often.
Exterior Features:
Fire Pit
General Information:
| List Price: | $359,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1588 sqft |
| Parking: | Driveway, Detached Garage |
| MLS Number: | CAR4314335 |
| Subdivision: | Highland Terrace |
| Bathrooms: | 2 |
| Year Built: | 1920 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 03-23-2026 | Listed | $359,000 | $227 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Central Elementary School | 0 miles | KG-05 | 2 |
| East Albemarle Elementary School | 1 miles | KG-05 | 4 |
| Badin Elementary School | 5 miles | KG-05 | 6 |
| Endy Elementary School | 6 miles | KG-05 | 8 |
| Richfield Elementary School | 8 miles | KG-05 | 5 |
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 |
| 507 5th Street, Albemarle NC | 0 mi | $359,000 | days | |
| 436 Oakwood Avenue, Albemarle NC | 0.1 mi | $196,800 | days | |
| 203 Cannon Avenue, Albemarle NC | 0.2 mi | $229,000 | days | |
| 701 Oakwood Avenue, Albemarle NC | 0.2 mi | $334,998 | days | |
| 729 Montgomery Avenue, Albemarle NC | 0.3 mi | $379,900 | days | |
| 219 Troy Alexander Drive, Albemarle NC | 0.4 mi | $225,000 | 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)
| 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 |
Demographic Data For Zip 28001
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Occupancy Types |
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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 Magnolia Dream Real Estate
507 5th Street, Albemarle NC is a 1588 ft2 on a 0.250 acres Appraisal lot. This is for $359,000. This has 3 bedrooms, 2 baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2026-03-23 11:00:30 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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