Multifamily

Spencer, NC Multifamily Properties for Sale

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Salisbury, NC East Spencer, NC Cleveland, NC Gold Hill, NC Kinston, NC Brevard, NC Linwood, NC Granite Quarry, NC
Two-Story Duplex with Patios
Updated: Jul 21
Two-Story Duplex with Patios

101/103 Baldwin Avenue, Spencer, NC 28159

$449,000
0.13 AC lot
Two‑unit duplex with mirrored floor plans
Each side includes 3 bedrooms and 2.5 bathrooms
Two‑story layouts with private entrances
0.13‑acre lot at 101/103 Baldwin Avenue
Rear patios and driveway parking
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Two-Story Duplex with Private Entrances
Updated: Aug 8
Two-Story Duplex with Private Entrances

101 /103 Baldwin Ave, Spencer, NC 28159

$449,000
2,610 sqft
Two‑unit duplex with 2,610 square feet
Each side includes 3 bedrooms and 2.5 bathrooms
Two‑story mirror‑image floor plans
Private entrances for both residences
Main‑level kitchens feature islands and pantries
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Two-Story Duplex with Private Entrances
Two-Story Duplex with Private Entrances

101/103 Baldwin Avenue, Spencer, NC 28159

$449,000
2,610 sqft

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

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Duplex with Covered Porches
Duplex with Covered Porches

304 and 306 E 1st Street, Lexington, NC 27292

$209,900
0.25 AC lot

Two-unit residential property with one occupied side, one vacant side, and separate driveway parking.

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Occupied Two-Unit Duplex
Occupied Two-Unit Duplex

1595 N Long Street, Salisbury, NC 28144

$189,900
1,440 sqft

Two leased residences feature private outdoor areas and shared gravel parking.

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Occupied Two-Unit Duplex
Occupied Two-Unit Duplex

1595 N Long Street, Salisbury, NC 28144

$189,900
0.13 AC lot

Both apartments are leased month to month and include private outdoor areas with driveway parking.

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Investment Property with Tenant
Investment Property with Tenant

255/257 Pinehaven Drive, Lexington, NC 27292

$75,000
0.53 AC lot

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

$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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Improved Rural Land Parcel
Improved Rural Land Parcel

144 SPEAKS Road, Olin, NC 28660

$59,500
1.14 AC lot

1.14-acre parcel on Speaks Road with site work completed, utilities onsite, and restrictions limiting rear setback uses.

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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.

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Residential Land Lot
Residential Land Lot

1104 Bruce Street, Winston-salem, NC 27107

Contact for pricing
0.10 AC lot

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 3 multifamily properties for sale in Spencer, NC, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,220 square feet of properties for sale, with an estimated market value of $1,347,000.

Sale prices for multifamily properties in Spencer, NC average $449,000 — 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 3

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 $450K

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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