109 Herron Street Morganton, NC $ 349,999
109 Herron Street
$ 349,999
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109 Herron Street

Morganton, NC, 28655
$ 349,999
Bedrooms-- Baths0.0 Sq 2,692

Monthly Estimate*

$ 2,417

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Multi-Family Home for sale in Morganton, NC

for $349,999. This 2,692 square foot home was built in 1907 on a lot size of 0.23.

Unique investment opportunity located just 2 blocks from Downtown Morganton!! A single-family home along with a separate 2-unit apartment building is being sold together on the same lot for $349,999. All three units are occupied by long-term tenants, providing established rental income from day one. The single-family home currently rents for $1,350/month, while the two apartment units rent for $700/month and $800/month, for a combined rental income of $2,850/month or $34,200 annually. Additionally, there is an attached 480 Sqft. storage area/workshop which could be leased for additional income or possibly turned into additional living space. The location adds to the appeal of tenants with nearby access to a library, a movie theater, parks, walking trails, convenience stores, and Downtown Morganton where you’ll find an array of restaurants, bars, shops, and professional services. In addition, Burke Co. has been coined “Nature’s Playground” because of the State Parks/Trails & the thousands of acres of the Pisgah National Forest. This property is in a key location to access all the adventures the area has to offer plus it is only a five-minute drive to Exit 105 on I-40. The property combines current cash flow with location-driven tenant demand. Don’t miss out on this Morganton multifamily investment opportunity. Call today to schedule your private tour and learn more about this income-producing asset. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS BY APPOINTMENT ONLY. The prospective buyer or buyer’s agent must provide either written proof of funds sufficient to demonstrate the buyer’s ability to purchase the property or a current lender pre-approval letter for financing. ****Burke County GIS shows the properties as 109 Herron and 109-B Herron Street. The deeds list the properties as 109 S. College and 109-B S. College Street. This will be corrected at closing by the attorney.

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Multi-Family Active

Price

$ 349,999

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.23

Year Built

1907

Town/City

Morganton

County/Region

Burke

MLS | Web ID

4425386

Features
General
Living Area 2692
Sewer Public Sewer
Heating Oil
Cooling Ceiling Fan(s) Central Air Window Unit(s)
Utilities Electricity Connected
Roof Metal
Appliances Electric Oven Microwave Refrigerator
Development Status Completed
Zoning MID
Patio/Porch Features Front Porch Patio
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick Partial Block Vinyl
Pets Allowed No
Year Built 1907
Tenant Pays Electricity Internet Water
Property Subtype Portfolio
Parcel Number 2703345906
Elevation 1000
Accessibility Two or More Access Exits
Additional Parcels Description 2703-34-5961 - Deed: 2737-584
County Burke
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Other Structures Workshop
Directions From Exit 105 on I-40 travel north on Sterling Street for 1.5 miles and turn left onto S. College Street. In .4 miles the property is on the right. The property is at the corner of S. College and He
High School Freedom
City Morganton
Senior Community Y/N N
Open Parking Spaces 3
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Elementary School Forest Hill
Middle/Junior High School Liberty
Additional Parcels Y/N Y
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 102527
Listing Terms Cash Conventional Exchange
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Interior
Interior Amenities Attic Finished
Basement Exterior Entry Storage Space
Flooring Carpet Linoleum Wood
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 2692
Laundry Features In Basement
Below Grade Finished Area 0
Number Of Completed Units Total 3
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Exterior
Exterior Amenities Lawn Maintenance
Parking Features Driveway
Lot Features Cleared Corner Lot
Water Source City
Total Parking 3
Lot Size Area 0.23
Foundation Details Basement
Building Area Total 2692
Lot Dimensions 157x60x159x60
Road Surface Type Gravel Paved
Other Equipment Fuel Tank - Owned
Road Responsibility Publicly Maintained Road
Road Frontage 217
Main Level Garage YN N
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Internal Only
Street Number 1 109
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* Excluded Features
List By
Broadpoint Real Estate Group

Broker

Affordability Calculator

$2,417
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
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Monthly Home Insurance
--
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
2460424 Elementary School
5520796 Middle School
Freedom High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$349,999 Listed Price

Map


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109 Herron Street, Morganton, NC, 28655 is a Multi-Family Home for sale at $349,999 with 2,692 sqft and a lot size of 0.23. 109 Herron Street has 0.0 baths and was built in 1907. The property's zip code is 28655 which is in Morganton, NC