Brick Duplex with 1-Bedroom
317 W D Avenue Salisbury, NC 28144
MULTI_FAMILY - Salisbury, NC
Property size:
1,473 SFLot size:
0.55 AcresPrice / SF:
$135/SF- Added:
- May 11, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 10 at 2:06 pm
Property Features for 317 W D Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
- Parking features
- Driveway
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 061038
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- .55AC LOTS 5-9 BK. 16
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick Full
Listing agent Jamie Werkman (704) 340-3860
Listing office I SHARE REALTY LLC 7526 Windaliere Dr, Cornelius, NC (704) 340-3860
Listing date May 11, 2026
MLS# 4379914
Listing URL
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 duplex features two spacious units, each with 1 bedroom and 1 bathroom, providing separate living spaces within one property. Built in 1949, the home offers a total heated living area of 1,473 square feet. The exterior is constructed of durable brick, and the foundation is a crawl space. The property sits on a private, level 0.55-acre lot with outdoor space for everyday use. City water and sewer service are available, supporting straightforward, ongoing residential occupancy.
Located at 315/317 W D Avenue in Salisbury, North Carolina, the property benefits from direct access to local area conveniences. With no HOA or restrictive covenants mentioned, the duplex allows flexibility for owners and residents when compared to deed-restricted communities.
The configuration of two independent 1-bedroom units can suit a variety of buyers, including those looking for an owner-occupied setup alongside a second unit or an income-focused residential purchase. The combination of separate unit layouts, brick construction, crawl-space foundation, and city water and sewer makes it a practical candidate for multi-generational living or rental use. While specific current occupancy or rent details are not provided, the property’s straightforward duplex design supports a clear residential utilization plan.
Located at 315/317 W D Avenue in Salisbury, North Carolina, the property benefits from direct access to local area conveniences. With no HOA or restrictive covenants mentioned, the duplex allows flexibility for owners and residents when compared to deed-restricted communities.
The configuration of two independent 1-bedroom units can suit a variety of buyers, including those looking for an owner-occupied setup alongside a second unit or an income-focused residential purchase. The combination of separate unit layouts, brick construction, crawl-space foundation, and city water and sewer makes it a practical candidate for multi-generational living or rental use. While specific current occupancy or rent details are not provided, the property’s straightforward duplex design supports a clear residential utilization plan.
Key Highlights
- Duplex at 315/317 W D Ave in Salisbury with two 1‑bedroom, 1‑bath units
- Total heated living area of 1,473 SF; built in 1949
- 0.55‑acre, private and level lot with driveway parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.0k | $12.90 |
| − OpEx | −$5.7k | −$3.87 |
| NOI | $13.3k | $9.03 |
1,473 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.1K
$166.3K – $221.7K
NOI $13,304 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,997 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$463.6K
$405.7K – $540.9K
NOI $32,453 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - A two-unit brick duplex offering two 1-bedroom, 1-bath layouts on a private, level lot with city water and sewer.
Where is this duplex located?
The property is located at 317 W D Avenue Salisbury, NC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex at 315/317 W D Ave in Salisbury with two 1‑bedroom, 1‑bath units; Total heated living area of 1,473 SF; built in 1949; 0.55‑acre, private and level lot with driveway parking
