12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location right on Highway 52 just outside Phifer University & near Hwy 49 with quick commute to Kannapolis, Concord, & Charlotte NC.
Active
$1,800,000
48708 State Highway 52, Richfield, NC 28137
36beds
21,900sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
Heated square feetApartment unitsBrick buildingsLvp flooringReplacement windowsHeat pumps
- 113 days |
- 591 |
- 48 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 08:57am
Listing Provided by:
Keith Knight keitheknight@gmail.com,
Wallace Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4293668
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 24
- Full bathrooms: 24
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Range
- Laundry: In Unit
Features
- Doors: Insulated Door(s)
- Windows: Insulated Windows
- Has basement: No
Interior area
- Total structure area: 21,900
- Total interior livable area: 21,900 sqft
- Finished area above ground: 21,900
- Finished area below ground: 0
Property
Parking
- Total spaces: 36
- Parking features: Parking Lot, Parking Space(s)
- Uncovered spaces: 36
Features
- Stories: 1
Lot
- Size: 8 Acres
- Features: Cleared, Level
Details
- Parcel number: 661303448640
- Zoning: H-B
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Full
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Private Sewer
- Water: City
- Utilities for property: Electricity Connected, Underground Utilities
Community & HOA
Location
- Region: Richfield
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $557,834
- Date on market: 8/20/2025
- Cumulative days on market: 87 days
- Listing terms: Cash,Conventional,Owner Financing
- Tenant pays: All Utilities
- Electric utility on property: Yes
- Road surface type: Asphalt, Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2025 | Listed for sale | $1,800,000$82/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4293668 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$10,415/mo
Principal & interest
$8960
Property taxes
$825
Home insurance
$630
Climate risks
Neighborhood: 28137
Nearby schools
GreatSchools rating
- 7/10Richfield Elementary SchoolGrades: K-5Distance: 2.4 mi
- 2/10North Stanly MiddleGrades: 6-8Distance: 6.2 mi
- 3/10North Stanly High SchoolGrades: 9-12Distance: 6.1 mi
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