109 Herron Street # A-B Morganton, NC $ 349,999
109 Herron Street # A-B
$ 349,999
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109 Herron Street # A-B

Morganton, NC, 28655
$ 349,999
Bedrooms-- Baths--

Monthly Estimate*

$ 2,417

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Commercial Property for sale in Morganton, NC

for $349,999. This building was built in 1968 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. The 1,012 Sqft. house has 2 bedrooms and 1 full bath with a basement. Unit A is 840 Sqft. with 3 bedrooms and 1 full bath. Unit B is 840 Sqft. with 1 bedroom and 1 full bath. ****Burke County GIS shows the properties as 109 Herron and 109-B Herron Street. The deeds list the properties as 109 S. College Street and 109-B S. College Street. This will be corrected at closing by the attorney.

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Commercial Active

Price

$ 349,999

Property Type

Commercial

Taxes

$ 0

Style

N/A

Lot Size

0.23

Year Built

1968

Town/City

Morganton

County/Region

Burke

MLS | Web ID

4427595

Features
General
Sewer Public Sewer
Heating Oil
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Cable Available
Roof Metal
Development Status Completed
Patio/Porch Features Balcony
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Block Brick Partial Frame
Year Built 1968
Unit Number A-B
Property Subtype N/A
Parcel Number 2703345961
Gross Income 34200
Elevation 1000
Accessibility Two or More Access Exits
Additional Parcels Description PIN:2703345906 DB:2634/848
County Burke
New Construction N
Property Type Commercial Sale
HOA N
Other Structures Other - See Remarks
Directions Advance Notice Required - See Remarks Do Not Disturb Tenant No Sign Showing Service From Exit 105 on I-40 travel north on Sterling Street for 1.5 miles and turn left onto S. College Street. In .4
City Morganton
Senior Community Y/N N
Open Parking Spaces 5
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 102527
Listing Terms Cash Conventional Exchange
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Interior
Basement Exterior Entry
Flooring Carpet Concrete Linoleum Vinyl
Basement (Y/N) Y
Below Grade Finished Area 0
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Exterior
Parking Features Driveway On Street
Lot Features Corner Lot
Water Source City
Total Parking 5
Inclusions Building Land
Lot Size Area 0.23
Foundation Details Slab
Number of Buildings 2
Lot Dimensions 157x60x159x60
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
Road Frontage 217
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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
--
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
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/28/2026$349,999 Listed Price

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109 Herron Street # A-B, Morganton, NC, 28655 is a Commercial Property for sale at $349,999 with a lot size of 0.23. 109 Herron Street # A-B was built in 1968. The property's zip code is 28655 which is in Morganton, NC