Incredible Investment Opportunity Near Downtown Lexington – Duplex + Multi-Unit Potential! Unlock the potential of this unique investment property located just minutes from the heart of downtown Lexington! This rare find includes a fully-rented duplex, 1 bed and 1 bath each side, on m-t-m leases, providing immediate cash flow of $1700 a month! In addition to a second structure with the space and layout potential for up to four separate units, each with 3 beds, the plans for which have already been drawn up and included in the listing, just ready for your vision and finishing touches.
For sale
Price cut: $5K (5/13)
$470,000
101 W 5th Ave, Lexington, NC 27292
0beds
0baths
4,985sqft
Est.:
Stick/Site Built, Residential, Single Family Residence
Built in 1900
1.3 Acres Lot
$446,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 18 days
- on Zillow |
- 351 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: 12 hours ago
Listed by:
James Kirchner 828-768-5763,
Mark Spain Real Estate
Source: Triad MLS,MLS#: 1178603
Originating MLS: Greensboro

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Primary bedroom
- Level: Main
- Dimensions: 27.08 x 16
Bedroom 2
- Level: Main
- Dimensions: 13.42 x 11.42
Bedroom 3
- Level: Second
- Dimensions: 16.08 x 19.67
Bedroom 4
- Level: Second
- Dimensions: 16.33 x 18.42
Bedroom 5
- Level: Second
- Dimensions: 16.17 x 15.33
Dining room
- Level: Main
- Dimensions: 16.17 x 14
Kitchen
- Level: Main
- Dimensions: 14.33 x 16
Living room
- Level: Second
- Dimensions: 15.75 x 35.25
Living room
- Level: Main
- Dimensions: 18.5 x 32
Sunroom
- Level: Main
- Dimensions: 19.58 x 14.75
Heating
- None, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished, Cellar, Crawl Space
- Number of fireplaces: 5
- Fireplace features: Den, Living Room, Primary Bedroom
Interior area
- Total structure area: 5,424
- Total interior livable area: 4,985 sqft
- Finished area above ground: 4,985
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 1.3 Acres
- Dimensions: 106 x 186 x 99 x 33 x 8 x 218
Details
- Parcel number: 11111000D0004000
- Zoning: 2.N
- Special conditions: Owner Sale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Stick/Site Built, Residential, Single Family Residence
Materials
- Wood Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lexington
Financial & listing details
- Tax assessed value: $141,850
- Annual tax amount: $1,844
- Date on market: 4/26/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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