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Albemarle, NC Apartment Buildings for Sale

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Mixed-Use Investment Opportunity, Albemarle
$185,000
1.85 Acres

Mixed-Use Investment Opportunity, Albemarle

Henson St, Albemarle, NC 28001

Apartment complex, hotel, restaurant, and residence on 1.85 acres.

  • Hotel included at the front of the property
  • Apartment complex included at the rear of the property
  • Old Denny's building included to the South
  • Residence included to the North
  • Multiple potential applications for the property
Last Update: Oct 15
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Albemarle Multifamily Investment Opportunity
$6,200,000
50,000 SF

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 6 Potential Opportunities for your consideration. Besides 2 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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Renovated Condo Near Atrium Health
$275,000

Renovated Condo Near Atrium Health

Move-in ready, renovated condo with elevator access and modern amenities.
84 Lake Concord Rd NE, Concord, NC 28025
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Renovated Townhome Near Light Rail
$242,500

Renovated Townhome Near Light Rail

Completely renovated 2-bedroom, 2-bathroom townhome near light rail.
9035 J M Keynes Dr, Charlotte, NC 28262
View details
Lakeshore Village Condo with Lake Views
$228,900
903 SF

Lakeshore Village Condo with Lake Views

Sunny 2-bedroom condo in University City with lake views.
9037 J M Keynes Dr, Charlotte, NC 28262
View details

Albemarle, NC Apartment Buildings Investment Opportunities Market Analysis

Explore 2 apartment buildings for sale in Albemarle, NC on our real estate platform. These investment opportunities span a total of 80,586 square feet of properties for sale, with an estimated market value of $185,000.

Prices for two-family homes in Albemarle, NC start at $185,000, averaging $185,000, and reaching up to $185,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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