Brick
For Sale
$179,900
317 W D Avenue, Salisbury, NC 28144
Residential Income, Salisbury, NC
Property Size1,473 SF
Lot Size0.55 Acres
Price / SF$122.13
Days on Market153
Property Features for 317 W D Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Zoning description
GR6
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Dining Room
Parking features
Driveway
Appliances
Electric Water Heater
Lot features
Level, Private
Elementary school
Elizabeth Koontz
Middle school
Knox
High school
Salisbury
Standard status
Active
APN
061038
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
.55AC LOTS 5-9 BK. 16
Legal 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 Agency:
I SHARE REALTY LLC
Listed By:
Jamie Werkman
(704) 340-3860
Added: May 11
Changed: Oct 2
Last Checked: Oct 10 at 3:06AM
MLS# 4379914
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 contains two units, each arranged with one bedroom and one bathroom. The combined heated area is 1,473 square feet, and the property was built in 1949. Brick construction, a crawl-space foundation, central heating and central air conditioning, and driveway parking are among its physical features.
The building sits on a 0.55-acre level lot in Salisbury. Public water and sewer serve the property, and the stated zoning is R. There is no HOA or restrictive covenant noted.
The building sits on a 0.55-acre level lot in Salisbury. Public water and sewer serve the property, and the stated zoning is R. There is no HOA or restrictive covenant noted.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,473 square feet of heated living area
- 0.55‑acre level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,304
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,080
$266.1K
Cap Rate 7%
$190,057
$190.1K
Cap Rate 9%
$147,822
$147.8K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$20.3K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.0K $12.90/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.3K $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%
$266,080
Cap Rate 7%
$190,057
Cap Rate 9%
$147,822
Alternative Uses
Best Use
Multifamily LT 5
$190.1K
$166.3K – $221.7K
NOI $13,304 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,997 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$463.6K
$405.7K – $540.9K
NOI $32,453 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
558
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences share a level parcel with public water and sewer service.
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 $179,900.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,473 square feet of heated living area; 0.55‑acre level lot
