Active

Price cut: $50K (10/30)

$399,000

128 Rowan Mill Rd, Salisbury, NC 28147

7beds

3,500sqft

Est.:

Quadruplex

Built in 1950

-- sqft lot

$-- Zestimate^®

$114/sqft

$-- HOA

What's special

Appealing finishesModern amenitiesSpacious unitsLaundry hookups

Investor Opportunity: 4-Unit Multi-Family Property in Salisbury, NC Discover a fantastic investment opportunity with this well-maintained 4-unit multi-family property in Salisbury! This property boasts a total of 7 bedrooms and 5.5 bathrooms, offering ample rental potential. Two of the units have been nicely updated, providing modern amenities and appealing finishes to attract quality tenants. The remaining units offer the flexibility for customization or continued cash flow. Key features include: A newer 3-year-old roof, minimizing immediate maintenance concerns. Laundry hookups conveniently located in the basement, ideal for tenant use. Spacious units in a recommendable area, catering to both short- and long-term renters. This property is investor-ready and priced to sell. Whether you're expanding your portfolio or entering the rental market, this multi-family home is a must-see. Schedule a showing today before it's gone!

356 days

662

60

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5
1/2 bathrooms: 1

Heating

Central, Electric

Cooling

Central Air, Wall Unit(s)

Appliances

Included: Microwave, Oven, Refrigerator
Laundry: In Basement

Features

Basement: Other
Fireplace features: Wood Burning

Interior area

Total structure area: 3,500
Total interior livable area: 3,500 sqft
Finished area above ground: 3,500
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Size: 0.46 Acres

Details

Parcel number: 461A060
Zoning: Resident
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Wood
Foundation: Crawl Space

Condition

New construction: No
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: City

Community & HOA

Location

Region: Salisbury

Financial & listing details

Price per square foot: $114/sqft
Tax assessed value: $290,240
Annual tax amount: $3,613
Date on market: 1/17/2025
Cumulative days on market: 341 days
Exclusions: No
Tenant pays: All Except Water
Road surface type: Gravel, Concrete, Dirt

Estimated market value

Not available

Estimated sales range

Not available

$2,958/mo

Price history

Date	Event	Price
10/30/2025	Price change	$399,000-11.1%$114/sqft
Source: Canopy MLS as distributed by MLS GRID #4214000 Report a problem
10/16/2025	Price change	$449,000-2.2%$128/sqft
Source: Canopy MLS as distributed by MLS GRID #4214000 Report a problem
9/3/2025	Price change	$459,000-1.3%$131/sqft
Source: Canopy MLS as distributed by MLS GRID #4214000 Report a problem
7/24/2025	Price change	$465,000+3.6%$133/sqft
Source: Canopy MLS as distributed by MLS GRID #4214000 Report a problem
7/10/2025	Pending sale	$449,000$128/sqft
Source: Canopy MLS as distributed by MLS GRID #4214000 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,613	$290,240
2024	$3,613 -4.9%	$290,240 -8.7%
2023	$3,801 +29.5%	$317,775 +49.1%

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$2,268/mo

Principal & interest

$1902

Property taxes

$226

Home insurance

$140

Climate risks

Neighborhood: Southwest

Nearby schools

GreatSchools rating

1/10
Knollwood Elementary School
Grades: PK-5Distance: 4.5 mi
NA
Knox Middle School
Grades: 6-8Distance: 3 mi
3/10
Salisbury High School
Grades: 9-12Distance: 1.6 mi

Schools provided by the listing agent

Elementary: Knollwood
Middle: Knox
High: Salisbury

Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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