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    Ellenboro, NC Residential Income Properties for Sale

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    Forest City, NC Bostic, NC Mooresboro, NC Shelby, NC Kingstown, NC Spindale, NC Boiling Springs, NC Lawndale, NC
    Riverfront Resort with Cabins
    Updated: Sep 26
    Riverfront Resort with Cabins

    252 Spencer Street, Ellenboro, NC 28040

    $950,000
    16.00 AC lot
    Approximately 16 acres along the Second Broad River with waterfall views
    Six insulated sleeper cabins and an approximately 800‑square‑foot bathhouse
    Approximately 4,200‑square‑foot main residence with 6 bedrooms and 5 1/2 bathrooms
    20’ x 40’ heated saltwater pool
    Approximately 15 beds and 10 rooms across the retreat property
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Ellenboro, 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.

    24-Lot Mobile Home Park
    24-Lot Mobile Home Park

    162 Lancaster Road, Forest City, NC 28043

    $340,000
    10.12 AC lot

    Tenant-owned homes and separate electric service define the current lot-rental operating structure.

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    Mobile Home Park With Three Homes
    Mobile Home Park With Three Homes

    2125 Riverside Rd Unit 1, Shelby, NC 28152

    $290,000
    3.27 AC lot

    Three singlewide homes with individual septic systems and expansion subject to county approval.

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    Mobile Home Park with Expansion Capacity
    Mobile Home Park with Expansion Capacity

    162 Lancaster Road, Forest City, NC 28043

    $340,000
    10.12 AC lot

    Established park with tenant-occupied lots and additional capacity for future occupancy.

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    Corner Lot Two-Home Rental Property
    Corner Lot Two-Home Rental Property

    108 Fairview Street, Shelby, NC 28152

    $458,000
    0.77 AC lot

    Corner lot with two parcels, each with a single-family home, supporting rental income and potential small-business use under B1 zoning.

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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.

    Unrestricted Acreage with Highway Frontage
    Unrestricted Acreage with Highway Frontage

    Lot 2 Doggett Grove Road, Forest City, NC 28043

    $45,000
    1.93 AC lot

    1.93 acres with city water and highway frontage.

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    Creek Front Property For Sale
    Creek Front Property For Sale

    00 Kiser Road # Lot 1, Bostic, NC 28018

    $69,900
    1.81 AC lot

    1.81-acre creek front property with recreational and residential potential.

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    Developed Subdivision in Forest City
    Developed Subdivision in Forest City

    Palms Way, Forest City, NC 28043

    $600,000
    38.39 AC lot

    Ready-to-finish residential community development opportunity in Forest City, North Carolina.

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    Development Land Near Gardner-Webb University
    Development Land Near Gardner-Webb University

    125 Flint Hill Church Road, Shelby, NC 28152

    $799,000
    23.68 AC lot

    23.68 acres ideal for residential or student housing development.

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    Ellenboro, NC Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Ellenboro, NC on our real estate platform.

    Sale prices for residential income properties in Ellenboro, NC average $950,000 — 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

    Multifamily properties 1
    Short term rental properties 1

    Demographics Overview

    Population 7,047
    Population Growth (5Y) -8.9%
    Median Household Income $57,989
    College Educated 26.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    28040 $427K

    Taxes & Financing

    Tax Rate (average for all types) 0.70%
    Property Tax per SF $25.11 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Rutherford County

    New Delisted

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