Multifamily

Spencer, NC Multifamily Properties for Sale

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East Spencer, NC Salisbury, NC Cleveland, NC Gold Hill, NC Linwood, NC Granite Quarry, NC Lexington, NC Faith, NC
New-Construction Duplex
Updated: Oct 30
New-Construction Duplex

610 / 612 Hudson Avenue, Spencer, NC 28159

$349,900
0.65 AC lot
Two‑unit duplex on a 0.65‑acre parcel
Under construction; year built listed as 2026
Vinyl construction materials
Central heating and central air conditioning
Electric range and refrigerator
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Two-Story Duplex
Updated: Jul 21
Two-Story Duplex

101/103 Baldwin Avenue, Spencer, NC 28159

$439,900
0.13 AC lot
Two mirror‑image residences, each with 3 bedrooms and 2.5 bathrooms
Two‑story layout with private entrance for each residence
Main‑level kitchen with island and pantry, plus laundry area
Rear patio at each residence
0.13‑acre lot; driveway parking
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2-Unit Duplex
2-Unit Duplex

610 / 612 Hudson Avenue, Spencer, NC 28159

$349,900
2 units  1,672 sqft  1 building  Built 2026

New construction provides two separate residences for rental use.

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Two-Story Duplex with Private Entrances
Two-Story Duplex with Private Entrances

101/103 Baldwin Avenue, Spencer, NC 28159

$439,900
2,610 sqft  1 building  2-story  Built 2026  Multi-tenant

Two-story duplex with private entrances, open living and dining areas, and rear patio access on both sides.

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4 active listings match your search: Multifamily for sale in Spencer, NC. Based on your search, we've also compiled 7 Potential Opportunities for your consideration: 4 properties in nearby cities and 3 land listings with development potential.

Opportunities in Nearby Cities

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

Renovated Quadplex with Flex Spaces
Renovated Quadplex with Flex Spaces

1101 N Main St, Salisbury, NC 28144

$599,000
4 units  3,852 sqft  1 building  Built 1947  full brick
100% occupied

All four residences are rented and include one bedroom, two bathrooms, and adaptable bonus space.

4 x 1BR/2BA  Laundry room
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Duplex with Covered Porches
Duplex with Covered Porches

306 E 1st Street, Lexington, NC 27292

$209,900
2 units  Built 1990  0.25 acres

Each residence has two bedrooms, a full bath, and a den connected to the kitchen.

2 x 2BR/1BA  Covered front and back porches
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4-Unit Multifamily Property
4-Unit Multifamily Property

301 N Fulton Street, Salisbury, NC 28144

$450,000
4 units  2,935 sqft  Built 1953

An unfinished walk-out basement and parking at both the front and rear complement the existing residential configuration.

2 x 1BR/1BA (full units)  2 x 1BR/1BA (efficiency studios)
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Investment Property with Tenant
Investment Property with Tenant

255/257 Pinehaven Drive, Lexington, NC 27292

$75,000
0.53 acres

Property with existing tenant and potential for further development.

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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

Contact for pricing
0.75 acres  R-MH
Highway access  Road access

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

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Commercial Land with Storage Plan
Commercial Land with Storage Plan

130 Aviation Drive, Statesville, NC 28677

$389,000
8.03 acres

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

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Residential Land Lot
Residential Land Lot

1104 Bruce Street, Winston-salem, NC 27107

Contact for pricing
0.1 acres

MH-S zoned residential lot in Forsyth County, sold by online NCDOT auction with buyer-driven due diligence requirements.

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Spencer, NC Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties for sale in Spencer, NC, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 4,282 square feet of properties for sale, with an estimated market value of $1,579,600.

Sale prices for multifamily properties in Spencer, NC start at $349,900, averaging $394,900, and reaching up to $439,900 — 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 4

Demographics Overview

Population 3,181
Population Growth (5Y) +9.4%
Median Household Income $63,396
College Educated 26.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
28159 $415.9K

Taxes & Financing

Tax Rate (average for all types) 1.13%
Property Tax per SF $12.54 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Rowan County

New Delisted

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