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Four-Unit Multifamily Property

503 Coggins Avenue, Albemarle, NC 28001

For Sale
$545,000

Residential Income, Albemarle, NC

Property SizeContact for details
Lot Size0.85 Acres
Days on Market79

Property Features for 503 Coggins Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R-8
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 5
Parking features Driveway
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Active
APN 6548-04-83-5629
Lot size 0.85 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description See Additional Parcel Exhibit
Legal Description See Additional Parcel Exhibit

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Building Details

Year built 1978
Number of units 4
Listing Agency: EXP Realty LLC Ballantyne
Listed By: Sheila St Germain · License NC #277315
Added: Aug 24 Changed: Nov 6 Last Checked: Nov 10 at 5:06PM
MLS# 4417579

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.

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises four occupied residential units on a 0.85-acre parcel. Built in 1978, the property is equipped with central heating and central air, with driveway parking available for residents. Public sewer service supports the site.

Located at 503 Coggins Avenue in Albemarle, North Carolina, the property provides a compact residential configuration in Stanly County. The unit mix includes 9 bedrooms and 4 bathrooms, offering a practical setup for a residential income property. Its existing occupancy and established improvements provide a clear operating framework for continued multifamily use.

Key Highlights

  • Four fully occupied residential units
  • 0.85‑acre parcel in Albemarle, NC
  • 9 bedrooms and 4 bathrooms

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

472
Businesses Nearby

Demographics for 28001, NC

27,185
Population
12,847
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
131.4 sq mi
ZIP Area
207
Density / Sq Mi
$55,610
Median Household Income
$36,684
Median Earnings
$823
Median Rent
$194,200
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?
Multifamily property - Fully occupied multifamily property with central heating, central air, driveway parking, and public sewer.
Where is this multifamily property located?
The property is located at 503 Coggins Avenue Albemarle, NC.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Four fully occupied residential units; 0.85‑acre parcel in Albemarle, NC; 9 bedrooms and 4 bathrooms
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