Duplex with Open
1321-1323 Old Plank Road, Salisbury, NC 28144
For Sale
New
$439,000
UR8 zoning and central air are among the property’s documented features.
Property Size2,666 SF
Price / SF$164.67
Days on Market1
Property Features for 1321-1323 Old Plank Road
General Information
Standard status
Size
Property subtype
Zoning
Amenities
Central Air, Electric
Electric, Forced Air, Heat Pump
Crawl Space
Dishwasher, Electric Range, Microwave, Refrigerator
Open Floorplan
Driveway
Colonial
Building Details
Building Size
Year Built
Stories
Listing Agency:
Gladysh Realty LLC
Listed By:
Viktoriya Gladysh · License NC #4294588
(413) 355-0545
Source:
Evrealestate
Added: Nov 10
Last Checked: Nov 10 at 2:33PM
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 Gladysh Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,666-square-foot duplex was built in 2026 and features an open floorplan. Interior amenities include central air, electric forced-air and heat-pump heating, and a kitchen equipped with a dishwasher, electric range, microwave, and refrigerator. The exterior has Colonial styling and a driveway.
The property is at 1321-1323 Old Plank Road in Salisbury, Rowan County, North Carolina, and is zoned UR8.
The property is at 1321-1323 Old Plank Road in Salisbury, Rowan County, North Carolina, and is zoned UR8.
Key Highlights
- 2,666 square feet
- Built in 2026
- UR8 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,080
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$36.8K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.4K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.1K $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%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$939.8K
$822.3K – $1.10M
NOI $65,786 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 28144, NC
26,254
Population
12,655
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
30.1 sq mi
ZIP Area
872
Density / Sq Mi
$51,432
Median Household Income
$29,787
Median Earnings
$982
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - UR8 zoning and central air are among the property’s documented features.
Where is this duplex located?
The property is located at 1321-1323 Old Plank Road Salisbury, NC.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,666 square feet; Built in 2026; UR8 zoning
