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448 6th St NW APT A, Taylorsville, NC, 28681

24beds
16baths
4,677sqft
$1,499,900
$321price/sqft
$9,302/moest. monthly cost
$372,080/yrincome needed

About This Home

INVESTMENT OPPORTUNITY IN ALEXANDER COUNTY! Rare opportunity to acquire an established 18-unit multifamily rental complex offering immediate income and long-term investment potential. Currently 100% occupied. Offered at $1,499,900, this income-producing property provides an excellent opportunity for investors looking to expand an existing rental portfolio or acquire a multifamily asset with established tenants and proven rental history. The property consists of multiple residential buildings with 18 rental units conveniently located in one complex, allowing for efficient management and maintenance. Units feature private entrances, and many offer covered porches, decks, or balconies. Ample on-site parking is available for residents. Units are separately metered, an important feature for multifamily ownership and operating efficiency. With 100% current occupancy, this property offers immediate rental income from day one. The concentration of 18 units in one location provides scale and management efficiency that can be difficult to find in smaller residential rental portfolios. Conveniently located in Alexander County with access to Taylorsville, Hickory, and surrounding employment, shopping, and service areas. Whether you are a seasoned multifamily investor, looking to expand your rental holdings, or seeking an income-producing real estate opportunity, this 18-unit complex deserves consideration. Current rent roll and additional property information are available to qualified buyers. Buyer and buyer’s agent to verify all information important to the purchase and investment analysis. PLEASE DO NOT DISTURB TENANTS. SHOWINGS BY APPOINTMENT ONLY.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

5/10
Taylorsville ElementaryGrades PK-50.2 mi
4/10
East Alexander MiddleGrades 6-83.4 mi
4/10
Alexander Central HighGrades PK,9-120.6 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab
  • Construction materials: Brick Full

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator
  • Laundry features: Common Area,In Unit

Bedrooms & Bathrooms

  • Bedrooms: 24
  • Bathrooms: 16
  • Full bathrooms: 18

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,677

Heating & Cooling

  • Heating features: Ductless,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,677
  • Total interior livable area: 4,677 sqft

Property

Details

  • Parcel number: 3759 39 6837
  • Zoning: Comm Imp
  • Special condition: Standard

Lot

  • Lot size: 1.12 Acres
  • Features: Cleared,Level

Parking

  • Parking features: Parking Lot,Parking Space(s)

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

  • Ice Storm
    Ice StormVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Ice Storm
Inland Flooding
Lightning
Strong Wind
Tornado
Cold Wave
Earthquake
Hail
Winter Weather

FEMA Declared Disasters in Alexander County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$546$6,552
Property Taxes $737$8,844
Electricity $435$5,227
Total$9,302$111,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$318,925/yr
40% on housing$279,060/yr
45% on housing$248,053/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 15.2%
15.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$321This listing

vs Other Active Listings

Avg $/sqft

ZIP 28681$214
Alexander County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 28681$192
Alexander County$167

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)

No zestimate history available

Price History

DateEventPrice
2026-08-06Price change$1,399,900
2026-07-08Listed for sale$1,499,900
2023-12-29Listing removed--
2023-11-30Listed for rent$850
2023-10-31Listing removed--
2023-10-13Price change$800
2023-10-10Listed for rent$650
2021-03-24Listing removed--
2019-06-04Listing removed$500
2019-05-21Listed for rent$500

For Sale by Agent

AgentMarty Pennell
BrokerageWeichert, Realtors - Team Metro

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