309 W Morgan St, Wadesboro, NC, 28170
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Crawl Space
- Construction materials: Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
- Main level bedrooms: 5
Features
- Finished area below ground: 0
- Finished area above ground: 5,093
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Ceiling Fan(s),Wall Unit(s)
Interior Area
- Total structure area: 5,093
- Total interior livable area: 5,093 sqft
Primary Bedroom
- Level: Main
- Dimensions: 10' 0" X 0' 0"
Property
Details
- Parcel number: 64741563492700
- Zoning: MultiFam
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.39 Acres
- Lot size dimensions: Irregular
Parking
- Parking features: Driveway,Parking Lot
- Has uncovered spaces: Yes
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
- Strong Wind
- Tornado
- Ice Storm
- Lightning
- Cold Wave
- Hail
- Hurricane
- Heat Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Anson 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 | $2,421 | $29,052 |
| Home Insurance * | $354 | $4,248 |
| Property Taxes | $539 | $6,468 |
| Electricity | $474 | $5,692 |
| Total | $3,788 | $45,456 |
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 |
|---|---|---|
| 2026-03-19 | Listed for sale | $499,000 |
| 2024-03-30 | Listing removed | -- |
| 2024-03-09 | Listed for sale | $375,000 |
| 2022-08-30 | Sold | $325,000 |
| 2022-08-02 | Contingent | $359,000 |
| 2022-06-28 | Price change | $359,000 |
| 2022-05-12 | Listed for sale | $400,000 |
| 2022-05-01 | Contingent | $400,000 |
| 2022-03-04 | Listed for sale | $400,000 |
| 2016-01-25 | Listing removed | $212,000 |
| 2015-09-15 | Pending sale | $212,000 |
| 2015-09-15 | Listed for sale | $212,000 |
| 2015-05-29 | Sold | $182,500 |
| 2015-05-13 | Pending sale | $212,000 |
| 2015-05-13 | Listed for sale | $212,000 |
| 2015-04-11 | Listing removed | $212,000 |
| 2015-03-20 | Listed for sale | $212,000 |
| 2005-02-16 | Sold | $90,000 |
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