JoAnna Kullmann

Broker | License ID: 324936

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$ 532,000

Est. payment | -/mo

8 Beds

4 Baths

3,705 SqFt

$ 532,000

Est. payment | -/mo

8 Beds

4 Baths

3,705 SqFt

Key Details

Sold Price $532,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,705 sqft

Price per Sqft $143

MLS Listing ID 4407875

Sold Date 08/14/26

Style Traditional

Bedrooms 8

Full Baths 4

Abv Grd Liv Area 3,705

Year Built 1983

Lot Size 0.430 Acres

Acres 0.43

Lot Dimensions 125x150x125x150

Property Sub-Type Fourplex

Property Description

Investment Opportunity ~ 4-Unit Portfolio in Kannapolis! Located at 406 E 18th Street SW, this well-positioned property features four individual units, each offering 2 bedrooms and 1 bathroom — a fantastic turnkey rental income opportunity for investors. All four units share the same functional floor plan, making management and maintenance straightforward. All units come with a refrigerator and a stackable washer and dryer. Each unit also offers a storage room and patio out back. Situated in a convenient Kannapolis location with easy access to local amenities, shopping, and major routes. Whether you're growing your rental portfolio or looking for a stable multi-unit investment, this property offers consistent income potential in a steadily growing market. Don't miss this chance to add a solid rental asset to your portfolio!

Location

State NC

County Rowan

Zoning R-8

Interior

Interior Features Attic Other

Heating Electric, Heat Pump

Cooling Central Air, Electric

Fireplace false

Appliance Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator with Ice Maker, Washer/Dryer

Laundry Electric Dryer Hookup, In Kitchen, Lower Level, Washer Hookup

Exterior

Exterior Feature Lawn Maintenance

Community Features Sidewalks

Utilities Available Electricity Connected

Roof Type Architectural Shingle

Street Surface Asphalt,Paved

Porch Patio

Total Parking Spaces 8

Garage false

Building

Lot Description Level, Sloped

Foundation Slab

Sewer Public Sewer

Water City

Architectural Style Traditional

Structure Type Aluminum,Brick Partial,Vinyl

New Construction false

Schools

Elementary Schools G.W. Carver

Middle Schools Kannapolis

High Schools A.L. Brown

Others

Pets Allowed No

Senior Community false

Restrictions No Representation

Acceptable Financing Cash, Conventional

Horse Property None

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Nicole Redmond • NorthGroup Real Estate LLC • nickyredmond2@gmail.com
Bought with Tim Harrell • Redwood Realty Group LLC

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(828) 405-2310

joannaekullmann@gmail.com

Learn More About LPT Realty

406 E 18th ST Kannapolis, NC 28083