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18 Berkley Ave, Granite Falls, NC, 28630

6beds
5baths
8,202sqft
$1,350,000
$165price/sqft
$8,829/moest. monthly cost
$353,160/yrincome needed

About This Home

Excellent investment opportunity – Fully Occupied 11-Unit Brick Apartment Complex! This apartment community has been well-maintained with major Improvements taken care of, including a new roof on the upper building in 2025 and on lower building in 2018. Additional list of updates/repairs available, including new windows, new appliances, new flooring (LVP and carpet), fresh paint, new ceiling fans, new lighting, and bathroom upfits in many of the units. Situated just minutes from downtown Granite Falls and approximately 20 minutes from downtown Hickory, this offers both Convenience and long-term rental appeal. No sign on the Property.

Getting Around

40
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

4/10
Granite Falls ElementaryGrades PK-50.9 mi
7/10
Granite Falls MiddleGrades 6-80.5 mi
4/10
South Caldwell HighGrades PK,9-122.2 mi

Construction

Condition

  • Year built: 1973

Materials

  • Foundation: Slab
  • Construction materials: Brick Partial

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Electric Oven,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Apartment

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 11
  • 1/2 bathrooms: 9

Features

  • Flooring: Carpet,Vinyl
  • Finished area below ground: 1,794
  • Finished area above ground: 6,408

Heating & Cooling

  • Heating features: Baseboard,Heat Pump,Other
  • Cooling features: Ceiling Fan(s),Heat Pump,Other

Interior Area

  • Total structure area: 8,202
  • Total interior livable area: 8,202 sqft

Property

Details

  • Parcel number: 08 3 2 4
  • Zoning: R-15
  • Special condition: Standard
  • Exclusions: Tenant owned fixtures do not convey

Lot

  • Lot size: 0.65 Acres
  • Features: Paved,Sloped

Parking

  • Parking features: Assigned

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 StormRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Caldwell 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 $6,826$81,912
Home Insurance *$635$7,620
Property Taxes $605$7,260
Electricity $763$9,167
Total$8,829$105,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$302,708/yr
40% on housing$264,870/yr
45% on housing$235,440/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: 12.6%
12.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.3%
0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$165This listing

vs Other Active Listings

Avg $/sqft

ZIP 28630$158
Caldwell County$193

vs Homes Sold Last Month

Median $/sqft

ZIP 28630$192
Caldwell County$173

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
2026-04-17Price change$1,375,000
2026-01-15Listed for sale$1,395,000

For Sale by Agent

AgentMary Foster
BrokerageColdwell Banker Boyd & Hassell

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