$478,888
 $2,498 est/mo Sourced by Back At You

309 Morgan Street,Wadesboro, NC 28170

Wadesboro, NC 28170

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Description

Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.

Details

MLS #4356330
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1890
Days On Site163
Listing Provided ByCOMPASS | Drew Tatum

Features

Bed(s)8
Bath(s) 8 Total
SQ Feet5,093
Story(s)2
Acreage0.39

Interior

CoolingCeiling Fan(s), Wall Unit(s)
HeatingWall Furnace
AppliancesElectric Water Heater

Exterior

Construction MaterialsWood
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, Parking Lot

Other

List AorCanopy Realtor Association

Taxes

Property215700

Area Information

StateNC
CountyAnson
CityWadesboro
Zip Code28170
AreaAnson
School DistrictAnson Early College
Elementary SchoolWadesboro Primary
High SchoolAnson Early College
Listing VS Median (in 28170)
Price:
$478,888
low | high
Med:
$209,999
100% of Average
sqft:
5,093
low | high
Med:
1,232
100% of Average
$ / sqft:
$94
low | high
Med:
$170
31.27847556661% of Average
On site:
163
low | high
Med:
111
100% of Average
Sourced by Back At You

Market Activity 28170

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 21, 2026 at 7:44:55 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyAnson
CityWadesboro
Zip Code28170
AreaAnson
School DistrictAnson Early College
Elementary SchoolWadesboro Primary
High SchoolAnson Early College
Listing VS Median (in 28170)
Price:
$478,888
low | high
Med:
$209,999
100% of Average
sqft:
5,093
low | high
Med:
1,232
100% of Average
$ / sqft:
$94
low | high
Med:
$170
31.27847556661% of Average
On site:
163
low | high
Med:
111
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $359K - $598K
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
206 Rose Terrace Property Photo 1
$332,500
206 Rose Terrace
Wadesboro, NC 28170
Listing Updated: July 22, 2026 at 3:51:32 PM PDT
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