Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Morganton Multifamily Investment Opportunity Title is generated by Realmo AI

    E Meeting Street, Morganton, NC 28655

    View on Map
    Claim this Listing
    New
    For Sale
    $509,900

    MULTI_FAMILY - Morganton, NC

    Lot size:
    0.59 Acres
    Added:
    May 24, 2026
    Days on Market:
    3
    Last Refresh:
    May 26 at 1:06 pm

    Property Features for E Meeting Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
    Parking features
    Driveway
    Basement
    Partial
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    3159
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Description
    METES AND BOUNDS

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1941
    Number of units
    2
    Building materials
    Brick Full, Vinyl

    We can help!

    Listing Contact
    Freddy Karmatz

    Listing agent Freddy Karmatz License #282367

    Listing office FK and Associates Real Estate Firm 615 Kenway Loop, MOORESVILLE, NC

    Listing date May 24, 2026

    MLS# 4383232 Listing URL

    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.

    HighLights

    • Portfolio includes multiple properties (MLS#4383250, MLS#4369866)
    • Features central heating and air conditioning
    • Constructed with brick and vinyl
    • Driveway parking
    • Public sewer
    • Central Heating

    Overview

    This multifamily property is located in Morganton, North Carolina, in Burke County. The lot size is 0.59 acres. This listing is part of a portfolio that includes MLS#4383250 and MLS#4369866.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.6810662
    Latitude
    35.7508975

    Nearby Similar for Sale

    • $710,000
      5,460 SF

      Historic Commercial Building in Morganton

      Prime commercial property in Morganton's vibrant Downtown Historic District.
      117 W Union Street, Morganton, NC 28655
      View Details
    • $710,000
      5,460 SF

      Historic Downtown Morganton Mixed-Use Property

      Prime commercial property with residential conversion potential in historic downtown.
      117 W Union Street, Morganton, NC 28655
      View Details
    • $210,000
      864 SF

      Turnkey Bar Opportunity in Morganton

      Established bar business, building, and land for sale.
      2617 NC 18 US 64 Highway, Morganton, NC 28655
      View Details
    • $229,900
      350 SF

      Roadside Business Opportunity on NC-18

      RMU-zoned lot with office, high traffic, and utilities.
      5161 NC Hwy 18 S, Morganton, NC 28655
      View Details
    • $650,000

      Established Seafood Business Opportunity

      Turnkey seafood business with real estate and equipment included.
      410 E Fleming Drive, Morganton, NC 28655
      View Details
    • $6,999,500

      Vintage Mobile Home Park Opportunity

      52-unit mobile home park with development potential in Morganton, NC.
      100, 102-109, 111 Ross Street, Morganton, NC 28655
      View Details
    • $229,000

      Downtown Glen Alpine Business Opportunity

      Commercial property in downtown Glen Alpine suitable for various businesses.
      106 Linville Street, Morganton, NC 28655
      View Details
    • $750,000

      Mobile Home Park Investment

      Turnkey mobile home park with 15 of 20 units rented.
      5873 Jenkins Road, Morganton, NC 28655
      View Details
    • $1,750,000
      7,086 SF

      Brewery Opportunity in Downtown Morganton

      Fully upfitted brewery with tap room and canning line.
      212 S Green Street, Morganton, NC 28655
      View Details
    • $7,317,473
      76,665 SF

      Morganton Industrial Space Available

      76,665 SF industrial space with heavy power.
      1000 Chain Dr, Morganton, NC
      View Details
    • $775,000
      5,000 SF

      Veterinary Clinic at Corner Intersection

      Veterinary clinic with long operating history at corner intersection.
      1034 E Union St, Morganton, NC 28655
      View Details
    • $399,900
      4,980 SF

      Spacious Commercial Building in Downtown Drexel

      Well-maintained, one-level brick building with ample parking near I-40.
      304 South Main Street, Morganton, NC 28655
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily portfolio in Morganton, North Carolina for sale.
    Where is this duplex located?
    The property is located at E Meeting Street Morganton, NC.
    What is the asking price?
    The asking price for this property is $509,900.
    What are key features of this property?
    This property features: Portfolio includes multiple properties (MLS#4383250, MLS#4369866); Features central heating and air conditioning; Constructed with brick and vinyl
    (727) 804-6058
    We can help!
    Listing Contact
    Freddy Karmatz
    Real Estate License ID: 282367
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    E Meeting Street, Morganton, NC 28655
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!