Renovated Quadplex with
New
For Sale
$649,000
209 S King St, Morganton, NC 28655
Four one-bedroom apartments offer private laundry, while the upper-level units add individual outdoor balconies.
Property Size3,808 SF
Price / SF$170.43
Days on Market4
Property Features for 209 S King St
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
in-unit washer and dryer
private balconies
Building Details
Year Renovated
2022
Buildings
1
Tenancy
Multi
Listing Agency:
Broadpoint Real Estate Group
(828) 443-8883
Listed By:
Joe Blumetti
(828) 443-8883
Source:
Exprealty
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 3:55AM
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 Broadpoint Real Estate Group
Investment Insights
Based on property information with market context.
This four-unit apartment property was renovated in 2022 and contains four one-bedroom, one-bath residences. Every apartment includes its own washer and dryer, while the second-floor units feature private balconies. Three units are currently rented, and the fourth has been operated as an Airbnb, with plans described for conversion to a full-time rental after its mid-September reservation.
The property is located at 209 S King St in Morganton’s downtown area, near a library, movie theater, parks, walking trails, convenience stores, restaurants, bars, shops, and professional services. Interstate 40 Exit 105 is approximately a five-minute drive away, providing access to the surrounding area and regional destinations.
The building contains 3,808 square feet and offers a four-unit configuration with consistent one-bedroom layouts. The combination of updated interiors, in-unit laundry, upper-level balconies, and existing rental activity provides a clearly defined multifamily asset for an investor or portfolio owner.
The property is located at 209 S King St in Morganton’s downtown area, near a library, movie theater, parks, walking trails, convenience stores, restaurants, bars, shops, and professional services. Interstate 40 Exit 105 is approximately a five-minute drive away, providing access to the surrounding area and regional destinations.
The building contains 3,808 square feet and offers a four-unit configuration with consistent one-bedroom layouts. The combination of updated interiors, in-unit laundry, upper-level balconies, and existing rental activity provides a clearly defined multifamily asset for an investor or portfolio owner.
Key Highlights
- Four‑unit apartment building with 3,808 square feet
- Renovated in 2022
- Three of four units currently rented
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 28655, NC
55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325.0 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments offer private laundry, while the upper-level units add individual outdoor balconies.
Where is this quadplex located?
The property is located at 209 S King St Morganton, NC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four‑unit apartment building with 3,808 square feet; Renovated in 2022; Three of four units currently rented
