1301 5th Street, Statesville, NC 28677

$120,000 · 2 bd · 2 ba · 862 sqft

About This Property

Exceptional investment opportunity just minutes from downtown Statesville! This unique portfolio offers 16 total units across 12 separate parcels (Parcel ID(s): 4733876245; 4733885394; 4733886666; 4733992545; 4733994319; 4734800899; 4734807354; 4734807436; 4743093456; 4744140404; 4744049339), all situated on approximately 2.4 acres. Currently, eight (8) units are rented with a strong rental history and reliable tenants. The portfolio consists of two (2) triplexes and ten (10) single-family homes, providing a balanced mix of stable income and future potential. This combination of income-producing properties and redevelopment possibilities makes the portfolio well-suited for investors seeking both immediate cash flow and long-term upside. Conveniently located near Statesville amenities, these properties benefits from consistent demand and strong occupancy rates. With income in place from day one and additional value-add or development opportunities, this offering delivers stability, versatility, and long-term investment potential. Please note: Tenants are not to be disturbed. All showings must be scheduled by appointment only. Sold as a package and as-is.

Location

1301 5th Street, Statesville, NC 28677

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Property Details

Overview

Property TypeSingle Family Residence

Year Built1925

Lot Size0.16 Acres

Stories/LevelsOne

Interior

Bedrooms2

Bathrooms (Full)2

Total Rooms1

Sqft862

HeatingForced Air

Cooling / A/CCentral Air

Exterior

ExteriorShingle/Shake, Vinyl

FoundationCrawl Space

Financial

List Price$120,000

Original Price$120,000

Location

Address1301 5th Street, Statesville, NC 28677

NeighborhoodUnknown

CityStatesville

CountyIredell

StateNC

Zip28677

Listed by Underwood Properties 2 LLC · thomase.underwoodbroker@gmail.com MLS# CAR4362852

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 04/03/2026, 07:45:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Information deemed reliable but not guaranteed. Buyer to verify all information.

Brian Jones

Compass

Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.