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Three-Home Income Portfolio
For Sale
$275,000

142 & 146 Delaware Road, Statesville, NC 28625

MULTI_FAMILY - Statesville, NC

Property SizeContact for details
Lot Size1.40 Acres
Days on Market93

Property Features for 142 & 146 Delaware Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RA
Zoning description RA
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 1
Parking features Driveway
Pets allowed Call
Appliances Electric Range, Refrigerator
Lot features Level, Sloped, Wooded
Elementary school Celeste Henkel
Middle school West Iredell
High school West Iredell
Standard status Active
APN 4715-30-1884.000
Lot size 1.40 Acres

Taxes and HOA fees

Tax Description L10 WEST RIDGE PH 2 PB 23-41&41A
Legal Description L10 WEST RIDGE PH 2 PB 23-41&41A

Utilities

Heating system Central
Cooling system Central Air
Water source Well

Building Details

Year built 1989
Number of units 3
Building materials Vinyl
Roof type Metal
Listing Agency: EXP Realty LLC Mooresville
Listed By: Jennifer Stafford
Added: May 6 Changed: Aug 5 Last Checked: Aug 6 at 7:06PM
MLS# 4375747

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 offering includes three residential properties sold together as one portfolio: 142 Delaware Rd (2BR/1BA), 146 Delaware Rd (2BR/1BA), and 117 Westridge Dr (3BR/1BA). Each home sits on its own septic system, and all homes are on county water; additionally, there is an extra well at 146 Delaware Rd. Tenants are currently in place on month-to-month leases, and showings should be scheduled without disturbing tenants.

The properties are located in West Statesville, in Iredell County, under RA zoning.

Recent exterior improvements include new metal roofs installed on all three homes within the last three years. The HVAC at 146 Delaware Rd is approximately 6–7 years old, and the HVAC at 142 Delaware Rd is approximately 10–12 years old.

Key Highlights

  • 3‑property income package sold together: 142 Delaware Rd (2BR/1BA), 146 Delaware Rd (2BR/1BA), and 117 Westridge Dr (3BR/1BA)
  • Currently generates $1,500/month gross income with a 7+ year rental history and strong payment track record
  • Each home sits on a large, flat lot of roughly 0.5 acre and has its own septic system

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Auto Parts Store

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 28625, NC

38,396
Population
16,917
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
199.3 sq mi
ZIP Area
193
Density / Sq Mi
$64,657
Median Household Income
$38,123
Median Earnings
$996
Median Rent
$216,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Three tenant-occupied residences on separate lots are offered as a single portfolio for income-producing use.
Where is this multifamily property located?
The property is located at 142 & 146 Delaware Road Statesville, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3‑property income package sold together: 142 Delaware Rd (2BR/1BA), 146 Delaware Rd (2BR/1BA), and 117 Westridge Dr (3BR/1BA); Currently generates $1,500/month gross income with a 7+ year rental history and strong payment track record; Each home sits on a large, flat lot of roughly 0.5 acre and has its own septic system
More about this property
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