Building Details

Year built 1960

Listing Agency: A PLUS Realty j***@aplusrealtync.com Show Phone

Listed By: David Cook Show Phone

Added: Jun 30, 2025 Changed: May 1 Last Checked: Aug 1 at 5:06AM

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MLS# 256506

Copyright © 2026 High Country Association of Realtors. 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 commercial property in Glade Valley, North Carolina, presents an investment opportunity with 5 buildings containing a total of 14 rental units. The property includes twelve 2-bedroom, 1-bath units, one 3-bedroom, 1-bath unit, and the Glade Valley US Post Office. All 14 units are currently rented to full-time tenants. The current monthly rental income exceeds $10,000.00. Additionally, there is a 3000 sq ft storage area beneath the #18 building, which is also being rented. The property spans 3.71 acres in Alleghany County. Air conditioning is provided for 3 of the units.

Key Highlights

• High Gross Return: Over 10% return on investment.
• Fully Rented: All 14 units are occupied with full‑time tenants.
• Diverse Unit Mix: Includes twelve 2bed/1bath units, one 3bed/1bath unit, and the Glade Valley US Post Office.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Garden Center Pet Grooming Service Spa & Massage Center Food Market Department 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.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 28627, NC

1,334

Population

855

Households

1.6

Avg Household Size

49

Median Age

14%

College-Educated

86%

High-School Grad

25.8 sq mi

ZIP Area

52

Density / Sq Mi

$42,938

Median Household Income

$23,366

Median Earnings

$678

Median Rent

$190,300

Median Home Value

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 - Commercial property with 14 rental units and post office.

Where is this apartment building located?

The property is located at 18 40 90 & 226 236 Glade Valley Church & Triad Glade Valley, NC.

What is the asking price?

The asking price for this property is $1,149,000.

What are key features of this property?

This property features: High Gross Return: Over 10% return on investment.; Fully Rented: All 14 units are occupied with full‑time tenants.; Diverse Unit Mix: Includes twelve 2bed/1bath units, one 3bed/1bath unit, and the Glade Valley US Post Office.