301 N Fulton St, Salisbury, NC, 28144
About This Home
Rare investment opportunity in the heart of Salisbury! This versatile property features four distinct living spaces, offering immediate cash flow with significant value-add potential. Originally constructed as an SFR property, it has been reconfigured to accommodate a large multigenerational family or a much more demanding rental market. Two Full Units: Each features a spacious 1BR/1BA layout with full kitchens and a large living area. Two Efficiency Studio Units: Each offers a 1BR/1BA setup with a convenient kitchenette—perfect for traveling nurses, short-term rentals, or quiet professional office suites. Expansion Potential: The walk-out basement features full-sized windows and private exterior doors, ready to be finished into a 5th income-producing unit. Occupancy & Management: Unit 1: Occupied (Month-to-Month). Unit 2: Available and listed by a professional leasing company. The property is set up for a seamless transition to full property management or owner-occupancy.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1953
Materials
- Roof: Composition
- Construction materials: Brick Full,Vinyl
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Electric Range,Electric Water Heater,Microwave
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Daylight,Exterior Entry,Unfinished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Finished area below ground: 1,081
- Finished area above ground: 1,854
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 2,935
- Total interior livable area: 2,935 sqft
Property
Details
- Parcel number: 006434
- Zoning: SFR
- Special condition: Standard
Features
- Stories: 1
- Exterior features: Fire Pit,Storage
Lot
- Lot size: 0.39 Acres
- Features: Corner Lot
Parking
- Total spaces: 6
- Parking features: Circular Driveway,Driveway,Parking Space(s)
- Has uncovered spaces: Yes
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Rowan County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,477 | $29,724 |
| Home Insurance * | $295 | $3,540 |
| Property Taxes | $500 | $6,000 |
| Electricity | $273 | $3,280 |
| Total | $3,545 | $42,540 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $508,000 |
| 2025-12-28 | Listing removed | $490,000 |
| 2025-12-03 | Price change | $490,000 |
| 2025-10-13 | Listed for sale | $525,000 |
| 2022-06-01 | Sold | $366,000 |
| 2022-04-27 | Contingent | $395,000 |
| 2022-04-07 | Listed for sale | $395,000 |
| 2021-12-14 | Sold | $224,000 |
| 2021-09-23 | Pending sale | $250,000 |
| 2021-09-17 | Listed for sale | $250,000 |
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