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Vacant Quadplex Investment
For Sale
$259,900

616 N Mebane Street, Burlington, NC 27217

Quadplex with four separately metered units, currently vacant, offering straightforward showing availability.

Property Size3,286 SF
Price / SF$79.09
Days on Market518

Property Features for 616 N Mebane Street

General Information

Standard status Active
Size 3,286 SF
Property subtype Multi Family

Additional Details

Highway Access Yes
Multifamily Units 4

Building Details

Year Built 1950
Listing Agency: Coldwell Banker HPW
Listed By: Bryan Guarnieri · License #299470
Source: Exitrealty
Added: Mar 1, 2025 Changed: Jul 22 Last Checked: Aug 1 at 8:19AM

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 Coldwell Banker HPW

Investment Insights

Based on property information with market context.

This four-unit quadplex is offered for sale with all units presently vacant. The property has separately metered utilities for each unit, which can support independent operations within the building. The home could be converted back into a single-family residence if desired.

The property is located in Burlington, NC, with easy access to I-40 and I-85.

With four units configured within one building and each unit metered separately, the asset offers a practical setup for investors seeking a low-friction path to view the property and evaluate its future use.

Key Highlights

  • Quadplex built in 1950 with four separately metered units
  • All 4 units are currently vacant for straightforward showing scheduling
  • Convenient Burlington access to I‑40 and I‑85

Property Analytics

Current Use

Natural Selection Construction General Contractor

Suggested Use

Top Pick Parking Lot & Garage Law Firm Dental Office (Bike/Boat/Book/etc) Store Garden Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

918
Businesses Nearby

Demographics for 27217, NC

39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex with four separately metered units, currently vacant, offering straightforward showing availability.
Where is this quadplex located?
The property is located at 616 N Mebane Street Burlington, NC.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Quadplex built in 1950 with four separately metered units; All 4 units are currently vacant for straightforward showing scheduling; Convenient Burlington access to I‑40 and I‑85
More about this property
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