309 Morgan Street, Wadesboro, NC 28170 | MLS #4356330 | Ivester Jackson Blackstream

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Listing provided courtesy of COMPASSMLS# 4356330MLS ProviderContact Information: [email protected]
  • 110 days on site
  • 0 views

Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.

Source: Canopy MLS, MLS#: 4356330

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  • Property Type
    Residential

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  • Median Age
    40
  • Population Density
    61
  • College Educated
    20%
  • Estimated Median Income
    $32,658
  • Estimated Total Home Owners
    2,925
  • Estimated Total Renters
    1,947
  • Owner / Renter Divide
    60% / 40%
  • Estimated Average Household Size
    2
  • Total Population
    11,459
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 309 Morgan Street

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/18/2026Source: Canopy MLS Status Change
Active
3/11/2026Source: Canopy MLS Added to Database
March 11, 2026
10/31/2023Source: Canopy MLS Added to Database
October 31, 2023