This property brings in around $29,000 annually… a CASH FLOWING PROPERTY! Check out this amazing DUPLEX right in the heart of Concord—multi-unit properties like this are incredibly rare. Ideally located on the corner of Brookwood and Gibson near Downtown Concord, Gibson Mill, Concord Mills, hospitals, major highways and more! With low-maintenance features and reliable tenants, it’s ready to start earning for you immediately.
Please respect the tenants’ privacy—no showings until a contract is negotiated and signed.
All tenants are currently on a month-to-month lease. Both units have newer cabinets, and the Gibson unit features updated flooring. Most electrical and plumbing systems have been recently upgraded. The seller covers water, which has consistently been under $150 per month. Landscaping is only $30/month, and there are no other maintenance expenses.
On 226 Brookwood side refrigerator only conveys.
On Gibson side both stove and refrigerator convey.
Rental income breakdown:
• 1-bedroom units: $900/month
• 3-bedroom unit: $1,550/month
Active
$290,000
496 Gibson Dr NW, Concord, NC 28025
4beds
1,845sqft
Est.:
Duplex
Built in 1900
-- sqft lot
$282,900 Zestimate®
$157/sqft
$-- HOA
What's special
Newer cabinetsUpdated flooring
- 18 days |
- 1,095 |
- 43 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 09:56am
Listing Provided by:
Christina Wright christina@branchwealthpartners.com,
Branch Wealth Partners, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4326751
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Electric Range, Oven, Refrigerator
- Laundry: In Unit
Features
- Has basement: No
Interior area
- Total structure area: 1,845
- Total interior livable area: 1,845 sqft
- Finished area above ground: 1,845
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
- Details: Ample space in the back of the property
Features
- Stories: 2
- Waterfront features: None
Lot
- Size: 0.19 Acres
- Features: Corner Lot
Details
- Additional parcels included: 226 BROOKWOOD AVE, 496 GIBSON DR
- Parcel number: 56213029680000
- Zoning: RV
- Special conditions: Subject to Lease,None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Concord
Financial & listing details
- Price per square foot: $157/sqft
- Tax assessed value: $136,190
- Annual tax amount: $1,356
- Date on market: 12/3/2025
- Cumulative days on market: 19 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: All Utilities
- Road surface type: Dirt, Concrete
Estimated market value
$282,900
$269,000 - $297,000
$1,530/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $290,000-7.8%$157/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4326751 Report a problem | ||
| 4/21/2025 | Listing removed | $314,500$170/sqft |
Source: Canopy MLS as distributed by MLS GRID #4232524 Report a problem | ||
| 3/31/2025 | Price change | $314,500-0.2%$170/sqft |
Source: Canopy MLS as distributed by MLS GRID #4232524 Report a problem | ||
| 3/11/2025 | Listed for sale | $315,000-1.3%$171/sqft |
Source: Canopy MLS as distributed by MLS GRID #4232524 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: Canopy MLS as distributed by MLS GRID #4135861 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,356 +66.9% | $136,190 +104.5% |
| 2023 | $813 | $66,610 |
| 2022 | $813 | $66,610 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,657/mo
Principal & interest
$1388
Property taxes
$167
Home insurance
$102
Climate risks
Neighborhood: Gibson Village
Nearby schools
GreatSchools rating
- 6/10Beverly Hills ElementaryGrades: K-5Distance: 1 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.7 mi
- 5/10Concord HighGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Beverly Hills
- Middle: Concord
- High: Concord
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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