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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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109 Herron Street A-b , Morganton, NC 28655
$349,999
Est. Payment: $1,967.01/mo
0.23 Acres
Status: active | Days on site: 16
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R04102 - R19152
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Terri Bias
Operator/Brokerage Owner

House Description

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.

Highlights

Listed by Joe Blumetti , 828-443-8883 Broadpoint Real Estate Group , 828-438-4111. Canopy MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.23

Year Built

1968

County

Burke

Listing ID

4427595

Questions about this listing?

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Interior Features

Air Cond:Ceiling Fan(s),Window Unit(s)
Fireplaces:
Floor:Carpet,Concrete,Linoleum,Vinyl
Basement:Exterior Entry
Water:City

Exterior Features

Lot:Corner Lot
Lot Dimensions:157x60x159x60
Garage Capacity:5
Roof:Metal
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$1,967
Taxes
$223

Home Price

$349,999

Loan Details

30 yrs
7.548%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,967.01

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,967.01 $223.12 $0.00 $2,190.13
Yearly $23,604.08 $2,677.49 $0.00 $26,281.57
Total $708,122.26 $80,324.77 $0.00 $788,447.03

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Morganton, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T07:47:06.000Z

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