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Albemarle, NC Apartment Buildings for Sale

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Albemarle Multifamily Investment Opportunity
$6,200,000

Albemarle Multifamily Investment Opportunity

223 S Morrow Ave, Albemarle, NC 28001

80-unit apartment complex with value-add potential near Charlotte.

  • Immediate 7.48% cap rate on in‑place NOI of $463,456 at a price of $6.2M.
  • Significant rent growth potential by increasing average rents from $701/month to market comps of $850–$950/month.
  • 100% occupancy in a submarket with only 1.8% vacancy and no recent new deliveries.
  • 60‑65 units already renovated, reducing immediate capital expenditure needs.
  • Located 50 miles from Charlotte with direct access via NC‑24/27 and US‑52.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Albemarle, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Concord Multifamily Investment Opportunity
$1,425,000

Concord Multifamily Investment Opportunity

Ten Class B apartments in high-growth Concord, near downtown.

56 Tribune Ave SW, Concord, NC 28025
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Concord Multifamily Investment Opportunity
Pending
$699,000
0.38 Acres

Concord Multifamily Investment Opportunity

Seven-unit multifamily property near downtown Concord, North Carolina.

161 Union St S, Concord, NC 28025
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Dynamic Urban Redevelopment Opportunity
Contact for pricing

Dynamic Urban Redevelopment Opportunity

76-acre mixed-use development with office, retail, and multifamily spaces.

Cp North End, Charlotte, NC 28206
View details
Uptown Charlotte Class A Apartments
$2,500,000

Uptown Charlotte Class A Apartments

Ten Class A apartments in Uptown Charlotte's central business district.

406 W 9Th St, Charlotte, NC 28202
View details

Albemarle, NC Apartment Buildings Investment Opportunities Market Analysis

Explore 1 apartment buildings for sale in Albemarle, NC on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $6,200,000.

Sale prices for two-family homes in Albemarle, NC start at $6,200,000, averaging $6,200,000, and reaching up to $6,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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