Under contract-no show

$2,200,000

198 Cowan St, Rutherfordton, NC 28139

2beds

10,216sqft

Est.:

Multi Family

Built in 1984

-- sqft lot

$-- Zestimate^®

$215/sqft

$-- HOA

What's special

This is a completely renovated building that offers 17 units just a couple blocks from downtown Rutherfordton. There are biking/walking trails between downtown and the complex offering a lovely setting for tenants. All units have 1 bedroom and 1 full bath and laundry hook ups inside. The complex has been easy to rent and our property management firm would love to stay on board with the new owner. Each unit currently leases for $995 month. Each tenant pays their own power bill. Tenants pay $50 month for water, trash and sewer. This is an easy add to your portfolio as things are running well in the complex and everything was just renovated.

17 days

325

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 17

Heating

Ductless

Cooling

Ductless

Appliances

Included: Dishwasher, Electric Range, Microwave, Refrigerator
Laundry: Laundry Room, Main Level

Features

Flooring: Vinyl
Has basement: No

Interior area

Total structure area: 10,216
Total interior livable area: 10,216 sqft
Finished area above ground: 10,216
Finished area below ground: 0

Property

Parking

Total spaces: 38
Parking features: Parking Lot, Parking Space(s)
Details: There are 38 parking total spaces in upper lot and lower lot.

Features

Stories: 1
Has view: Yes
View description: City

Lot

Size: 0.89 Acres

Details

Parcel number: 1203720
Zoning: R2
Special conditions: Subject to Lease,None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Hardboard Siding
Foundation: Slab
Roof: Rubber

Condition

New construction: No
Year built: 1984

Utilities & green energy

Sewer: Public Sewer
Water: City
Utilities for property: Other - See Remarks

Community & HOA

Location

Region: Rutherfordton

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $133,600
Annual tax amount: $1,260
Date on market: 12/17/2025
Cumulative days on market: 17 days
Tenant pays: Electricity, Trash Collection, Water, Other
Road surface type: Asphalt, Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,310/mo

Price history

Date	Event	Price
1/1/2026	Pending sale	$2,200,000$215/sqft
Source: Canopy MLS as distributed by MLS GRID #4329997 Report a problem
12/17/2025	Listed for sale	$2,200,000-3.9%$215/sqft
Source: Canopy MLS as distributed by MLS GRID #4329997 Report a problem
9/20/2024	Listing removed	$2,290,000$224/sqft
Source: Canopy MLS as distributed by MLS GRID #4143992 Report a problem
9/10/2024	Price change	$2,290,000-13.6%$224/sqft
Source: Canopy MLS as distributed by MLS GRID #4143992 Report a problem
5/24/2024	Listed for sale	$2,650,000$259/sqft
Source: Canopy MLS as distributed by MLS GRID #4143992 Report a problem