This property was once a local favorite known as The Shanghai, famous for its extra-thick bologna sandwich and friendly neighborhood charm. Originally home to three apartments and a deli storefront, it stood as a community fixture for decades.
After years of decline following the passing of the family matriarch, the property has undergone significant restoration. Two apartments have been renovated and rented, featuring a new roof, siding, windows, mini-split system, updated flooring, and fresh paint.
The lower level offers additional square footage, already gutted and ready for your vision—ideal for one large unit or two smaller spaces, whether residential or business use (zoned for business).
The property has one water meter and four separate electric meters, offering flexibility for multi-unit occupancy or mixed-use configuration.
The flat, grassy lot provides ample potential for additional parking or storage options.
Bring new life to this piece of local history and capitalize on its flexible mixed-use potential.
Agent is owner.
Active
Price cut: $10K (11/22)
$339,900
4169 Grace Chapel Rd, Granite Falls, NC 28630
3beds
1,564sqft
Est.:
Quadruplex
Built in 1945
-- sqft lot
$327,500 Zestimate®
$217/sqft
$-- HOA
What's special
Fresh paintFlat grassy lotNew roofMini-split systemUpdated flooring
- 38 days |
- 599 |
- 24 |
Zillow last checked: 8 hours ago
Listing updated: November 22, 2025 at 07:32am
Listing Provided by:
Judith Sullivan 828-729-1976,
Raccoon Realty LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4318436
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Ductless
Cooling
- Ceiling Fan(s), Ductless, Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
- Laundry: In Unit
Features
- Flooring: Carpet, Vinyl
- Basement: Other
Interior area
- Total structure area: 1,564
- Total interior livable area: 1,564 sqft
- Finished area above ground: 1,564
- Finished area below ground: 0
Property
Parking
- Total spaces: 20
- Parking features: Driveway, Parking Lot
- Uncovered spaces: 20
Features
- Stories: 2
Lot
- Size: 0.44 Acres
Details
- Parcel number: 08105120
- Zoning: NB
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Arts and Crafts,Farmhouse
- Property subtype: Quadruplex
Materials
- Vinyl
- Foundation: Crawl Space, Slab
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Septic Installed
- Water: County Water
Community & HOA
Location
- Region: Granite Falls
- Elevation: 1000 Feet
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $213,500
- Annual tax amount: $1,385
- Date on market: 11/2/2025
- Cumulative days on market: 39 days
- Listing terms: Cash,Conventional
- Tenant pays: All Except Water
- Road surface type: Asphalt, Paved
Estimated market value
$327,500
$311,000 - $344,000
$1,940/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Price change | $339,900-2.9%$217/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4318436 Report a problem | ||
| 11/3/2025 | Listed for sale | $349,900$224/sqft |
Source: Canopy MLS as distributed by MLS GRID #4318436 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,385 +350.4% | $213,500 +486.5% |
| 2024 | $308 | $36,400 |
| 2023 | $308 | $36,400 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,903/mo
Principal & interest
$1628
Property taxes
$156
Home insurance
$119
Climate risks
Neighborhood: 28630
Nearby schools
GreatSchools rating
- 6/10Dudley Shoals ElementaryGrades: PK-5Distance: 1.8 mi
- 7/10Granite Falls MiddleGrades: 6-8Distance: 3.6 mi
- 4/10South Caldwell HighGrades: PK,9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Dudley Shoals
- Middle: Granite Falls
- High: South Caldwell
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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