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    Kannapolis, NC Multifamily Properties for Sale

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    Found 8 multifamily properties for sale in Kannapolis, NC, averaging $191/sq ft. Use valuation data to compare deals faster.
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    Eight-Unit Apartment Portfolio
    Updated: Apr 15
    Eight-Unit Apartment Portfolio

    220 Basin Avenue, Kannapolis, NC 28083

    $1,295,000
    1.50 AC lot
    8 units across 5 homes: 3 duplex and 2 SFR, all on the same block
    Over 8% CAP rate and over 60% of rents guaranteed
    Re‑rented in under 30 days with long‑term tenants backed and guaranteed by a community health program
    3 units with new kitchens and granite counters
    4 of 5 homes have new roofs in 2024
    View details
    Brick Duplex With Updated Systems
    Updated: Apr 17
    Brick Duplex With Updated Systems

    1106 Lane Street, Kannapolis, NC 28083

    $375,000
    0.23 AC lot
    Two matching units, each with 2 bedrooms and 1 bathroom
    Each residence measures just under 950 sq ft
    0.23‑acre corner lot with driveway and on‑street parking
    Central air and windows updated in 2023
    PEX plumbing completed in 2024; gas furnace installed in 2019
    View details
    Updated Duplex with Covered Porches
    Updated Duplex with Covered Porches

    659 - 661 Wilson Street, Kannapolis, NC 28083

    $235,000
    0.14 AC lot

    Two-unit property with vinyl siding, ductless climate control, and covered front and rear porches for each residence.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Updated Brick Duplex
    Updated Brick Duplex

    1106 Lane St, Kannapolis, NC 28083

    $375,000
    1,896 sqft

    Two matching residential units support flexible owner occupancy or rental use in a growing Kannapolis setting.

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    Duplex with Hardwood Floors
    Duplex with Hardwood Floors

    2040 Kannapolis Highway, Kannapolis, NC 28031

    $349,900
    0.30 AC lot

    Duplex with hardwood flooring, deck and porch space, and mixed complex zoning, served by public sewer in Kannapolis, NC.

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    New-Construction Duplex with Open Layouts
    New-Construction Duplex with Open Layouts

    Lot 2 Arden Ave, Kannapolis, NC 28081

    $529,900
    2,543 sqft

    Two-unit residential income property with separate utilities and low-maintenance finishes.

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    Kannapolis Townhome Community For Sale
    Kannapolis Townhome Community For Sale

    1422 Nottingham Rd, Kannapolis, NC 28081

    $3,625,000
    21,816 sqft 2.22 AC lot

    24-unit townhome community with income potential in Kannapolis, NC.

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    40-Unit Apartment Community
    40-Unit Apartment Community

    701 Rain Pl Ct, Kannapolis, NC 28081

    Contact for pricing

    Built in 2001, Ashford Place offers 40 two-bedroom, one-bath units with recent exterior replacements.

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    Based on your search, we've compiled 51 Potential Opportunities for your consideration. Besides 8 Active listings in Kannapolis, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 35 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Four-Unit Quadplex Property
    Four-Unit Quadplex Property

    112 Freeze Avenue NW, Concord, NC 28025

    $479,900
    2,424 sqft

    Two detached duplex buildings provide four residential units on one parcel.

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    Renovated Quadplex
    Renovated Quadplex

    14 Mills Avenue NW, Concord, NC 28027

    $479,900
    2,716 sqft

    Four-unit multifamily property with recent renovations and access to I-85 and Concord Parkway.

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    Brick Duplex with Two Units
    Brick Duplex with Two Units

    317 W D Avenue, Salisbury, NC 28144

    $199,900
    0.55 AC lot

    Two one-bedroom residences occupy a level lot with public utilities and no HOA or restrictive covenants.

    View details
    Salisbury Mobile Home Park Investment
    Salisbury Mobile Home Park Investment

    109 Suncreek Lane, Salisbury, NC 28146

    $799,000

    Turnkey mobile home park with 17 rented lots in Salisbury.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Manufactured Home Lot with Road Access
    Manufactured Home Lot with Road Access

    235 Madison Road, China Grove, NC 28023

    $36,000
    0.75 AC lot

    Unimproved 0.75-acre parcel zoned RMH with access via Madison Road, requiring well and septic for development.

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    Huntersville Land for Mobile Homes
    Huntersville Land for Mobile Homes

    11707 Cimmaron Road, Huntersville, NC 28078

    $475,000
    0.88 AC lot

    Four adjoining lots suitable for mobile homes, church, or store.

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    Commercial Land with Storage Plan
    Commercial Land with Storage Plan

    130 Aviation Drive, Statesville, NC 28677

    $389,000
    8.03 AC lot

    Conditionally zoned for mini storage and RV storage with public sewer service.

    View details
    Mobile Home Park With Rental Pads
    Mobile Home Park With Rental Pads

    4650, 4654 & 4600 Bright Road, Charlotte, NC 28214

    $1,400,000
    7.09 AC lot

    Existing mobile homes, tenant-owned homes, and a single-family residence are served by on-site wells.

    View details

    Off-Market Properties in Kannapolis, NC

    Consider similar Off-Market properties in Kannapolis, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    600 Atlantic Ct
    GARDEN APT, COURT APT (5+ UNITS)

    600 Atlantic Ct, Kannapolis, NC 28081-4796

    $1,140,000
    Estimated value
    5,027 sqft 12.24 AC lot
    View details
    817 Main St
    GARDEN APT, COURT APT (5+ UNITS)

    817 Main St, Kannapolis, NC 28081-4917

    $1,140,000
    Estimated value
    3,825 sqft 0.16 AC lot
    View details
    821 Main St
    GARDEN APT, COURT APT (5+ UNITS)

    821 Main St, Kannapolis, NC 28081-4900

    $1,140,000
    Estimated value
    9,356 sqft 0.03 AC lot
    View details
    1300 Oakwood Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1300 Oakwood Ave, Kannapolis, NC 28081-5742

    $805,000
    Estimated value
    4,014 sqft 3.33 AC lot
    View details
    5200 Rogers Lk Rd
    GARDEN APT, COURT APT (5+ UNITS)

    5200 Rogers Lk Rd, Kannapolis, NC 28081-8461

    $59,000,000
    Estimated value
    39,678 sqft 25.80 AC lot
    View details
    701 Rain Pl Ct
    GARDEN APT, COURT APT (5+ UNITS)

    701 Rain Pl Ct, Kannapolis, NC 28081-4866

    $4,950,000
    Estimated value
    9,760 sqft 2.23 AC lot
    View details
    200 Cabarrus Arms Dr
    GARDEN APT, COURT APT (5+ UNITS)

    200 Cabarrus Arms Dr, Kannapolis, NC 28081-4843

    $11,100,000
    Estimated value
    10,056 sqft 10.11 AC lot
    View details
    103 Rdg Ave
    GARDEN APT, COURT APT (5+ UNITS)

    103 Rdg Ave, Kannapolis, NC 28083-4463

    $1,890,000
    Estimated value
    8,618 sqft 0.48 AC lot
    View details
    107 G St
    GARDEN APT, COURT APT (5+ UNITS)

    107 G St, Kannapolis, NC 28081-4712

    $1,890,000
    Estimated value
    7,168 sqft 0.35 AC lot
    View details
    1499 Sherwood Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1499 Sherwood Dr, Kannapolis, NC 28081-5749

    $2,050,000
    Estimated value
    6,138 sqft 0.34 AC lot
    View details
    1422 Nottingham Rd
    GARDEN APT, COURT APT (5+ UNITS)

    1422 Nottingham Rd, Kannapolis, NC 28081-5740

    $2,050,000
    Estimated value
    6,120 sqft 1.88 AC lot
    View details
    205 G St
    GARDEN APT, COURT APT (5+ UNITS)

    205 G St, Kannapolis, NC 28081-4714

    $1,890,000
    Estimated value
    9,344 sqft 0.43 AC lot
    View details
    Ln St
    GARDEN APT, COURT APT (5+ UNITS)

    Ln St, Kannapolis, NC 28083

    $275,000
    Estimated value
    18.11 AC lot
    View details
    2802 Ln St
    GARDEN APT, COURT APT (5+ UNITS)

    2802 Ln St, Kannapolis, NC 28083-9223

    $245,000
    Estimated value
    17.39 AC lot
    View details
    2000 Ginnie Spgs Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2000 Ginnie Spgs Dr, Kannapolis, NC 28081

    Value Estimation by Request
    40,519 sqft 20.12 AC lot
    View details
    300 Suffolk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    300 Suffolk Dr, Kannapolis, NC 28083-4936

    $19,800,000
    Estimated value
    4,942 sqft 2.90 AC lot
    View details

    Kannapolis, NC Multifamily Properties Market Trends and Statistics

    Explore 43 multifamily properties for sale in Kannapolis, NC, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 26,255 square feet of properties for sale, with an estimated market value of $6,784,800.

    Sale prices for multifamily properties in Kannapolis, NC start at $235,000, averaging $969,257, and reaching up to $3,625,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Apartment buildings 3

    Demographics Overview

    Population 232K
    Population Growth (5Y) +11.2%
    Median Household Income $84,128
    College Educated 40.8%

    High-Yield Neighborhoods for Investment

    Identify Kannapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Cornelius - 28031 $349.9K
    Kannapolis - 28081 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $17.83 per SF
    Tax Rate vs County Average 0.10 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cabarrus County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Kannapolis fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Kannapolis, NC

    • 28083
    • 28081
    • 28031

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