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Duplex with Workshop
New
For Sale
$430,000

656 Water Street, Bakersville, NC 28705

Residential Income, Bakersville, NC

Property SizeContact for details
Lot Size2.99 Acres
Days on Market2

Property Features for 656 Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R03
Bedrooms 4
Bathrooms 2
Full bathrooms 4
Rooms Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Laundry Room
Parking features Driveway
Window features Insulated Windows
Patio and Porch features Deck, Porch
Pets allowed Call
Interior features Walk-In Closet(s)
Appliances Electric Cooktop, Exhaust Hood, Refrigerator
Lot features Cleared, Creek/ Stream
Elementary school Gouge
Middle school Bowman
High school Mitchell
Standard status Active
APN 0862-00-33-6897
Lot size 2.99 Acres

Taxes and HOA fees

Tax Description Parcel ID 0862-00-33-6897
Legal Description Parcel ID 0862-00-33-6897

Utilities

Heating system Heat Pump (Heating), Oil
Cooling system Heat Pump
Water source Well

Building Details

Year built 1993
Floors in Building 1
Number of units 2
Flooring type Carpet, Vinyl, Laminate
Building materials Vinyl
Roof type Metal
Additional Structures Workshop
Listing Agency: West Norman Real Estate
Listed By: John Grindstaff
Added: Aug 26 Last Checked: Aug 27 at 8:06PM
MLS# 4418366

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 duplex property includes two separate dwellings on 2.99 acres in Bakersville. The primary residence combines a converted manufactured-home core with conventional windows, doors, vinyl siding, a metal roof, a dining room, walk-in closet, flex room with exterior access, and a covered wraparound porch. A matching 16-by-24-foot workshop is located on the property. The conversion was completed in 1993 after the original core was built in the 1980s.

The second residence at 664 Water Street dates to 1917 and contains 1,190 square feet with two bedrooms, two bathrooms, a dining room, den, and walk-in closet. It has a covered front porch and open side porch. HVAC was installed in 2023, and the home is described as being in good condition with some repairs needed. Both dwellings share a water well, and a 12-foot driveway right-of-way will be added with the sale.

Key Highlights

  • Two dwellings situated on 2.99 acres
  • 16x24 workshop with siding and roof matching the primary residence
  • Second dwelling contains 1,190 sf, 2 bedrooms, and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Auto Repair Shop Department Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 28705, NC

6,220
Population
3,997
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
89%
High-School Grad
124.2 sq mi
ZIP Area
50
Density / Sq Mi
$54,350
Median Household Income
$36,560
Median Earnings
$855
Median Rent
$202,200
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?
Duplex - Two dwellings on a terraced mountain property with shared well service and covered porch areas.
Where is this duplex located?
The property is located at 656 Water Street Bakersville, NC.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two dwellings situated on 2.99 acres; 16x24 workshop with siding and roof matching the primary residence; Second dwelling contains 1,190 sf, 2 bedrooms, and 2 bathrooms
More about this property
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