400 N Boundary Street East Spencer, NC $ 575,000
400 N Boundary Street
$ 575,000
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400 N Boundary Street

East Spencer, NC, 28144
$ 575,000
Bedrooms13 Baths8.0

Monthly Estimate*

$ 3,971

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Multi-Family Home for sale in East Spencer, NC

for $575,000 with 13 bedrooms and 8 full baths. This home was built in 1990 on a lot size of 1.06.

Multifamily Investment Opportunity Income-producing multifamily property on 1.06 acres . Location is quiet and secluded and features 3 buildings and 7 units. Units A & B – 3BR/1BA; Units C–F – 1BR/1BA; Unit G – 3BR/2BA. One-level layout with no stairs enhances tenant accessibility and rental appeal. Ideal for investors seeking steady cash flow with value-add potential. Neighboring lot at N Boundary St also for sale MLS #4347706

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Multi-Family Contingent

Price

$ 575,000

Bedrooms

13

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.06

Year Built

1990

Town/City

East Spencer

County/Region

Rowan

MLS | Web ID

4347066

Features
General
Living Area 0
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Appliances None
Zoning R-1
Construction Materials Aluminum Vinyl
Pets Allowed Conditional
Year Built 1990
Tenant Pays Cable TV Electricity Internet Water
Stories Count 1
Property Subtype Duplex
Parcel Number 027041
County Rowan
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Full Baths 8
High School Unspecified
City East Spencer
Senior Community Y/N N
Number Of Units Total 7
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Standard Status Active Under Contract
Construction Type Site Built
Tax Assessed Value 252752
Listing Terms Cash Conventional
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Exterior
Parking Features Parking Lot Parking Space(s)
Water Source City
Lot Size Area 1.06
Foundation Details Slab
Building Area Total 0
Road Surface Type Asphalt Paved
Road Responsibility Publicly Maintained Road
Horse Amenities None
Main Level Garage YN N
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Interior
Basement (Y/N) N
Above Grade Finished Area 0
Laundry Features Electric Dryer Hookup In Unit Washer Hookup
Total Bedrooms 13
Below Grade Finished Area 0
Number Of Completed Units Total 7
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Internal Only
Street Number 1 400
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* Excluded Features
List By
Keller Williams South Park

Broker

Affordability Calculator

$3,971
Per Month
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0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$575,000 -4.17% Price Down
4/11/2026$600,000 -4.00% Price Down
2/19/2026$625,000 Listed Price

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400 N Boundary Street, East Spencer, NC, 28144 is a Multi-Family Home for sale at $575,000 with a lot size of 1.06. 400 N Boundary Street has 13 bedrooms, 8.0 baths, and was built in 1990. The property's zip code is 28144 which is in East Spencer, NC