Residential Income

Spencer, NC Residential Income Properties for Sale

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Salisbury, NC East Spencer, NC Cleveland, NC Gold Hill, NC Kinston, NC Linwood, NC Granite Quarry, NC Faith, NC
Two-Story Duplex Under Construction
Updated: Jul 21
Two-Story Duplex Under Construction

101/103 Baldwin Avenue, Spencer, NC 28159

$450,000
0.13 AC lot
Duplex under construction with 2026 year built on a 0.13‑acre lot
Mirror‑image units with private entrances and a two‑story layout
Each side features 3 bedrooms and 2.5 bathrooms with upstairs primary suite and private bath
Open‑concept living and dining, kitchen with island and pantry, plus rear patio access
Forced‑air heating and central air conditioning
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Two-Story Duplex with Private Entrances
Updated: Jul 21
Two-Story Duplex with Private Entrances

101/103 Baldwin Avenue, Spencer, NC 28159

$450,000
2,610 sqft
Mirror‑image two‑story duplex plan with three bedrooms and 2.5 bathrooms per side
Private entrances for each unit
Open‑concept living and dining area plus modern kitchen with island and pantry
Main‑level half bath and dedicated laundry area
Rear patio access from the main level
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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 10 Potential Opportunities for your consideration. Besides 2 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.

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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Multifamily Apartment Community
Multifamily Apartment Community

304 Mahaley Avenue, Salisbury, NC 28144

Contact for pricing
2.60 AC lot

Westview Apartments is a 41-unit, three-building community with a majority of units renovated.

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Mixed-Use Property in Lexington, NC
Mixed-Use Property in Lexington, NC

403 W Center Street, Lexington, NC 27292

$365,000

Mixed-use property in Lexington's Historical District, suitable for business or residential.

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Cash-Flowing Mobile Home Park Investment
Cash-Flowing Mobile Home Park Investment

240 MIDWAY Drive, Salisbury, NC 28147

$340,000

Fully occupied mobile home park with strong income and upside.

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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.

Residential Land in Spencer, NC
Residential Land in Spencer, NC

Hollywood Drive, Spencer, NC 28159

Contact for pricing
0.16 AC lot

Residential land for sale in Spencer, North Carolina.

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Salisbury Land For Sale
Salisbury Land For Sale

Hawkinstown Road, Salisbury, NC 28144

$83,000
4.75 AC lot

4.75 acre land parcel in Salisbury, North Carolina.

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Land in Spencer, North Carolina
Land in Spencer, North Carolina

217 SALISBURY Avenue N, Spencer, NC 28159

$97,000
2.42 AC lot

Three parcels of land for sale in Spencer, NC.

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Salisbury Land Parcel For Sale
Salisbury Land Parcel For Sale

Hawkinstown Road, Salisbury, NC 28144

$199,000
10.02 AC lot

10 acre parcel zoned UR12 near downtown Salisbury.

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Spencer, NC Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Spencer, NC on our real estate platform. These investment opportunities span a total of 2,610 square feet of properties for sale, with an estimated market value of $900,000.

Sale prices for residential income properties in Spencer, NC average $450,000 — 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 2
Multifamily properties 2

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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