209 S King Street, Morganton, NC 28655

Morganton
Local realty services provided by:Better Homes and Gardens Real Estate Foothills
Listed by: joe blumetti
Office: broadpoint real estate group
MLS#:4408508
Source:CH
209 S King Street,Morganton, NC 28655
$649,000
Virtual Tour
  • 1 Beds
  • 1 Baths
  • 3,808 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$649,000
  • Price per sq. ft.:$170.43

About this home

Excellent investment opportunity featuring a beautifully renovated four-unit apartment building in the Historic Morganton Downtown area. Updated in 2022 with (3) units currently rented, this income-producing multifamily property offers immediate cash flow with stabilized occupancy from day one. The 4th unit has been serving as an Airbnb with the last reservation in mid-September at which time it will be converted to a full-time rental unit. The 2022 renovations strengthen the property’s value by improving tenant appeal, supporting rent stability, and reducing the likelihood of immediate capital expenditures for the new owner. The building is well positioned for investors seeking a turnkey rental asset, portfolio expansion, or a foothold in the multifamily market. Whether added to an existing rental portfolio or purchased as a standalone multifamily asset, this property provides a practical blend of current income, and future upside potential. Each unit offers a 1-bedroom, 1-bath...

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Home facts

  • Year built:1947
  • Listing ID #:4408508
  • Updated:July 31, 2026 at 10:22 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Tile, Wood
  • Kitchen Description:Dishwasher, Electric Oven, Microwave, Refrigerator
  • Basement:Yes
  • Living area:3,808 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Roof:Metal
  • Year built:1947
  • Building area:3,808 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Corner Lot, Level
  • Architectural Style:Colonial
  • Exterior Features:Lawn Maintenance
  • Foundation Description:Basement

Schools

  • High school:Freedom
  • Elementary school:Forest Hill

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$649,000
  • Price per sq. ft.:$170.43

Parking

  • Parking description:On Street, Parking Lot
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