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Eight-Unit Apartment Building
New
For Sale
$1,250,000

102 King Henry Lane, Granite Falls, NC 28630

Residential Income, Granite Falls, NC

Property SizeContact for details
Lot Size1.61 Acres
Days on Market2

Property Features for 102 King Henry Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R8
Zoning description R-8
Bedrooms 17
Bathrooms 7
Full bathrooms 9
Half bathrooms 8
Rooms Bedroom 16, Bedroom 5, Bathroom 3, Bedroom 13, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 12, Bedroom 9, Bedroom 15, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 14, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 17, Bedroom 11, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 7
Parking features Assigned
Patio and Porch features Patio
Appliances Dishwasher, Electric Range, Microwave, Refrigerator
Elementary school Granite Falls
Middle school Granite Falls
High school South Caldwell
Directions From N Main St in Granite Falls, turn onto W Highland Ave beside Granite Falls Middle School. Turn right onto Sunset St. Turn left onto Camelot Dr. Turn left onto Robinhood Dr. Turn right onto King Henry Ln. 8 Unit Apartment Complex is located on the left.
Standard status Active
APN 08 24A 1 1
Lot size 1.61 Acres

Taxes and HOA fees

Tax Description BK 2074 PG 603 YR 23 ST 0.00
Legal Description BK 2074 PG 603 YR 23 ST 0.00

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1999
Floors in Building 2
Number of units 8
Flooring type Tile, Vinyl, Carpet
Building materials Brick Partial, Vinyl
Architectural style Other
Listing Agency: Baker Realty
Listed By: Lisa Starnes · License #286063
Added: Sep 13 Last Checked: Sep 14 at 5:06AM
MLS# 4411677

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 eight-unit apartment property includes seven two-bedroom, 1.5-bath residences and one three-bedroom, 2.5-bath residence. The larger unit has a living room, kitchen, pantry, half bath, sunroom, laundry room, single-car garage, single-car carport, primary suite with an ensuite bathroom and walk-in closet, plus two additional bedrooms. The other units provide living rooms, kitchens, half baths, patios, utility rooms, two bedrooms, full hall bathrooms, and laundry closets. Kitchens are equipped with refrigerators, electric ranges, microwaves, and dishwashers. Finishes include carpet, tile, and vinyl, with central air and electric heating.

The property comprises 1.61 acres at 102 King Henry Lane in Granite Falls, NC 28630. It was built in 1999, is zoned R8, and connects to public sewer. All eight units are currently leased, with water, sewer, and electric services provided through the Town of Granite Falls and paid by tenants.

Key Highlights

  • Eight units: seven 2‑bedroom, 1.5‑bath units and one 3‑bedroom, 2.5‑bath unit
  • All 8 units are currently leased/rented
  • 1.61 acres at 102 King Henry Lane, Granite Falls, NC 28630

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Law Firm Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby

Demographics for 28630, NC

19,772
Population
9,220
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
82%
High-School Grad
61.0 sq mi
ZIP Area
324
Density / Sq Mi
$65,713
Median Household Income
$41,407
Median Earnings
$808
Median Rent
$197,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased apartment community with varied floor plans, patios, assigned parking, and kitchen appliances.
Where is this apartment building located?
The property is located at 102 King Henry Lane Granite Falls, 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: Eight units: seven 2‑bedroom, 1.5‑bath units and one 3‑bedroom, 2.5‑bath unit; All 8 units are currently leased/rented; 1.61 acres at 102 King Henry Lane, Granite Falls, NC 28630
More about this property
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