Newly Built
New
For Sale
$400,000
104 Carolyn Road, Salisbury, NC 28147
Two separate two-bedroom, two-bath units share a well and septic system.
Property Size2,026 SF
Price / SF$244.35
Days on Market3
Property Features for 104 Carolyn Road
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Level
Architectural Shingle
Septic Installed
Additional parcels description:, Parcel Number: 476B118, Assessed Value: $32,287
Vinyl
4 spaces
Central Air
Heat Pump
Listing ID: CAR4431828, Standard Status: Coming Soon, MLS Status: Coming Soon-No Show, Property Subtype: Duplex, Special Conditions: None
Driveway
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
Built in 2026, Living area: 1637, Construction Materials: Vinyl
County/Parish: Rowan
4 full bathrooms
Water Source: Well
Crawl Space
Allowed: Call
Road Responsibility: Publicly Maintained Road, Road Surface: Dirt, Gravel, Paved
Patio/Porch Features: Covered, Porch
Dishwasher, Electric Range, Microwave, Refrigerator
Building Details
Building Size
2,026 SF
Year Built
2026
Buildings
1
Listing Agency:
Horizon Realty Carolinas
(704) 243-9228
Listed By:
Al DiRusso · License #123665
(781) 258-6182
Source:
Blackstreaminternational
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horizon Realty Carolinas
Investment Insights
Based on property information with market context.
Completed in 2026, this 1,637-square-foot duplex contains two units, each with two bedrooms and two bathrooms. The property is served by one well and one septic system; the septic system is sized for a three-bedroom dwelling. Two electric meters are provided for the well.
The property is 2.8 miles from I-85 and near shopping, schools, and downtown Salisbury.
The property is 2.8 miles from I-85 and near shopping, schools, and downtown Salisbury.
Key Highlights
- Two‑unit duplex completed in 2026
- 1,637‑square‑foot building with two 2‑bedroom, 2‑bath units
- One well and one septic system; septic system serves a 3‑bedroom dwelling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,786
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,720
$295.7K
Cap Rate 7%
$211,229
$211.2K
Cap Rate 9%
$164,289
$164.3K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$22.6K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.1K $12.90/SF
− OpEx
−$6.3K −$3.87/SF
NOI
$14.8K $9.03/SF
Area
Rowan County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,720
Cap Rate 7%
$211,229
Cap Rate 9%
$164,289
Alternative Uses
Best Use
Multifamily LT 5
$211.2K
$184.8K – $246.4K
NOI $14,786 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$190.5K
$166.7K – $222.2K
NOI $13,333 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$515.2K
$450.8K – $601.1K
NOI $36,066 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 28147, NC
26,618
Population
10,095
Households
2.6
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
77.6 sq mi
ZIP Area
343
Density / Sq Mi
$59,770
Median Household Income
$36,118
Median Earnings
$1,036
Median Rent
$241,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two separate two-bedroom, two-bath units share a well and septic system.
Where is this duplex located?
The property is located at 104 Carolyn Road Salisbury, NC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 1,637‑square‑foot building with two 2‑bedroom, 2‑bath units; One well and one septic system; septic system serves a 3‑bedroom dwelling
