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Two-Unit Duplex

400 E Concord St, Morganton, NC 28655

For Sale
New
$525,000

Both residences offer private outdoor space, attached garage parking, and in-unit laundry on the main level.

Property Size2,725 SF
Price / SF$192.66
Days on Market5

Property Features for 400 E Concord St

General Information

Standard status Active
Size 2,725 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BD/2.5BA
Multifamily Units 2

Additional Details

Utilities to Site Yes
Tenant in Place Yes

Amenities

fire pit and seating
covered front porch
private back patio
attached garage
washer/dryer

Building Details

Year Built 1990
Buildings 1
Stories 2
Listing Agency: Rus/D Real Estate
Listed By: Rusty Davis · License NC #292254
Source: Judy.lakenormanhomeguide
Added: Nov 9 Changed: Nov 12 Last Checked: Nov 12 at 2:13PM

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 Rus/D Real Estate

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Investment Insights

Based on property information with market context.

Built in 1990, this two-unit duplex contains matching two-bedroom, two-and-a-half-bathroom residences. Each has a main-level washer and dryer, a primary suite, dining room, attached garage, covered front porch, and private rear patio. Unit A provides 1,335 square feet of heated living area and a bay window; Unit B has 1,390 square feet, with a basement garage accessible from inside. A shared area at the driveway includes seating and a fire pit.

Community sidewalks connect the property to nearby shopping, restaurants, entertainment, and leisure options. Municipal services include water, sewer, electric, and garbage; internet and cable service are also available. One residence is occupied by the owner and the other by a tenant.

The architectural roof and both HVAC systems are approximately eight years old. Unit A’s windows and Unit B’s water heater were each replaced approximately five years ago.

Key Highlights

  • Two residences, each with 2 bedrooms and 2.5 bathrooms
  • Unit A has 1,335 sq ft of heated living area; Unit B has 1,390 sq ft
  • Both units include attached garages, main‑level washer/dryer, covered front porches, and private back patios

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,136
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences offer private outdoor space, attached garage parking, and in-unit laundry on the main level.
Where is this duplex located?
The property is located at 400 E Concord St Morganton, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2.5 bathrooms; Unit A has 1,335 sq ft of heated living area; Unit B has 1,390 sq ft; Both units include attached garages, main‑level washer/dryer, covered front porches, and private back patios
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