317 W D Street, Salisbury, NC 28144
MULTI_FAMILY - Salisbury, NC
- Added:
- May 11, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 26 at 8:06 pm
Property Features for 317 W D Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
- Parking features
- Driveway
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- 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
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.
HighLights
- Duplex at 315/317 W D Street in Salisbury with 2 units, each with 1 bedroom and 1 bathroom
- Total heated living area of 1,473 SF, built in 1949
- Private, level 0.55‑acre lot
- Brick full construction with crawl space foundation
- Central heat and central air; electric water heater
- Public water and public sewer; no HOA or restrictive covenants
Overview
The home benefits from city water and sewer, supporting straightforward, reliable utility service. There is no HOA or restrictive covenants, which can simplify ownership and increase flexibility for how the property is used over time.
With two independent units, this duplex is well suited to investors looking for a manageable rental configuration or buyers interested in multi-generational living. The combination of established construction, brick exterior durability, and utilities provided by the city makes it a practical option for those seeking a straightforward residential income property with room to enjoy the property grounds.
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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.629749
- Latitude
- 35.494087
