Multifamily Property with Updated
New
For Sale
$750,000
517 Denver Street, Kannapolis, NC 28083
Residential Income, Kannapolis, NC
Property SizeContact for details
Lot Size1.00 Acre
Days on Market2
Property Features for 517 Denver Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
res
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 2, Bathroom 6, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 5
Pets allowed
Yes
Appliances
Dryer, Electric Oven, Electric Range, Electric Water Heater
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Standard status
Active
APN
56139934380000
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
LT 5 NIGH TOWN NO 2 BLK C 1.000LT
Legal Description
LT 5 NIGH TOWN NO 2 BLK C 1.000LT
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Baseboard
Cooling system
Ceiling Fan(s), Central Air, Varies by Unit, Window Unit(s)
Building Details
Year built
1940
Number of units
6
Building materials
Hardboard Siding
Architectural style
Bungalow
Listing Agency:
Realty One Group Revolution
(704) 659-4409
Listed By:
Logan Abrams · License #230121
(704) 239-8763
Added: Sep 18
Last Checked: Sep 19 at 12:06PM
MLS# 4426175
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 multifamily rental portfolio consists of duplex properties with all units located on the same block in Kannapolis. The buildings date to 1940 and feature bungalow-style architecture, hardboard siding, electric and central heating options, and cooling that varies by unit, including central air, ceiling fans, and window units. Appliances include electric ovens, electric ranges, electric water heaters, and dryers.
Three units have remodeled kitchens with granite countertops, while roofing has been replaced on two-thirds of the duplexes in 2024. The property includes public sewer service and a one-acre site. The portfolio is positioned in downtown Kannapolis, with nearby new-construction homes and ongoing development in the surrounding area. More than 8% cap rate and guaranteed rents on 50% of the units are stated for the portfolio.
Three units have remodeled kitchens with granite countertops, while roofing has been replaced on two-thirds of the duplexes in 2024. The property includes public sewer service and a one-acre site. The portfolio is positioned in downtown Kannapolis, with nearby new-construction homes and ongoing development in the surrounding area. More than 8% cap rate and guaranteed rents on 50% of the units are stated for the portfolio.
Key Highlights
- Duplex rental portfolio with all units located on the same block
- More than 8% cap rate stated for the portfolio
- Three units feature new kitchens with granite countertops
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
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Business Placement
Demographics for 28083, NC
25,821
Population
11,925
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,291
Density / Sq Mi
$60,563
Median Household Income
$39,831
Median Earnings
$1,120
Median Rent
$194,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Duplex rental portfolio with renovated kitchens, newer roofing, and a mix of central and unit-specific cooling systems.
Where is this multifamily property located?
The property is located at 517 Denver Street Kannapolis, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex rental portfolio with all units located on the same block; More than 8% cap rate stated for the portfolio; Three units feature new kitchens with granite countertops
