Eight-Unit Multifamily
For Sale
$1,250,000
220 Basin Avenue, Kannapolis, NC 28083
Residential Income, Kannapolis, NC
Property SizeContact for details
Lot Size1.50 Acres
Days on Market174
Property Features for 220 Basin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Res
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 8, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 10, Bedroom 9, Bathroom 4
Parking features
Driveway
Pets allowed
Yes
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Standard status
Active
APN
5613-99-3721-0000
Lot size
1.50 Acres
Taxes and HOA fees
Tax Description
Multi
Legal Description
Multi
Utilities
Sewer type
Public Sewer
Heating system
Central, Baseboard
Cooling system
Electric, Ceiling Fan(s), Central Air, Varies by Unit
Building Details
Year built
1940
Number of units
8
Building materials
Hardboard Siding, Vinyl, Wood
Listing Agency:
Realty One Group Revolution
(704) 659-4409
Listed By:
Logan Abrams · License #230121
(704) 239-8763
Added: Apr 15
Changed: Oct 2
Last Checked: Oct 5 at 12:06PM
MLS# 4370322
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily portfolio includes 8 units across 5 homes: 3 duplex properties and 2 single-family residences. The buildings date to 1940 and occupy 1.5 acres, with public sewer service and driveway parking. Unit features include select updated kitchens with granite countertops, along with electric cooking and water-heating equipment. Heating and cooling systems vary by residence, including central and baseboard heat, central air, electric cooling, and ceiling fans.
The properties are located on Basin Avenue in Kannapolis, within the 28083 postal area. Four of the five homes received new roofs in 2024, and three units have renovated kitchens. The portfolio is reported at an over-8% cap rate, with over 60% of rents backed by a community health program.
The properties are located on Basin Avenue in Kannapolis, within the 28083 postal area. Four of the five homes received new roofs in 2024, and three units have renovated kitchens. The portfolio is reported at an over-8% cap rate, with over 60% of rents backed by a community health program.
Key Highlights
- 8 units across 5 homes, including 3 duplex properties and 2 single‑family residences
- 1.5‑acre multifamily portfolio in Kannapolis, NC 28083
- Over‑8% cap rate reported for the portfolio
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 28083, NC
25,821
Population
11,925
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,291
Density / Sq Mi
$60,563
Median Household Income
$39,831
Median Earnings
$1,120
Median Rent
$194,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five homes combine duplex and single-family layouts within one residential portfolio.
Where is this multifamily property located?
The property is located at 220 Basin Avenue Kannapolis, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8 units across 5 homes, including 3 duplex properties and 2 single‑family residences; 1.5‑acre multifamily portfolio in Kannapolis, NC 28083; Over‑8% cap rate reported for the portfolio
