OFF MARKET

Off market aug 2025 for $709K

—

Est. refi paymentEst. refi $4,733/mo

•

6,382

sq ft

515 China Grove Rd, China Grove, NC 28023

About this home

Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.

Multi-familyProperty Type

1970Year Built

4.61 acresLot Size

$111Price/Sq.Ft.

Listed by Josh Wilson • Guardian Real Estate Group LLC

Contact: josh@guardianrealestategrp.com

Bought with Leigh Brown • One Community Real Estate

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4223909

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 28023, NC

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.7%

0.1% MoM

Median sale price

$280K

$15K MoM

Avg. days on market

44d

0 days MoM

Recently sold homes

1 MoM

New listings for sale

$399,900
3 beds2 baths1,388 sq ft
1004 Osprey Ln, China Grove, NC 28023
COMING SOON
$300,000
1 bed1.5 baths1,593 sq ft
1525 N Main St, China Grove, NC 28023
$297,000
3 beds3 baths2,304 sq ft
4770 Enochville Rd, Kannapolis, NC 28081
$439,999
3 beds3 baths3,685 sq ft
340 Homer Corriher Rd, Kannapolis, NC 28023
$289,900
3 beds1.5 baths1,110 sq ft
125 Longfield Dr, Mooresville, NC 28115
See all

Provided by Redfin

Sale history for 515 China Grove Rd

Date

Event

Price

CANOPYMLS as Distributed by MLS Grid #4223909

Aug 7, 2025

Sold

$709,000

$111/sq ft

Mar 8, 2025

Pending

—

Feb 17, 2025

Listed

$799,900

$125/sq ft

RENTALBEAST #1

Jul 23, 2025

Rental Removed

$1,200

$0/sq ft

Jun 30, 2025

Price Changed

$1,200

$0/sq ft

Dec 29, 2024

Listed for Rent

$1,300

$0/sq ft

CANOPYMLS as Distributed by MLS Grid #3485725

Apr 12, 2019

Sold

$69,675

$11/sq ft

Mar 25, 2019

Contingent

—

Mar 18, 2019

Listed

$79,900

$13/sq ft

+11

Lovely 5+ quiet acres in a great location! Build your dream estate or create a family subdivision for you and your loved ones (minimum 1 acre parcels with a max 3 parcels and a 20' easement). Modular and manufactured homes allowed and no minimum square footage to build. Mostly flat topography with a gentle slope, open with a rim of trees. Existing barn - bring your horse and cow and enjoy country living.

Year

Property tax

Land + Additions

Assessment*

2026

$2,954

$118,230 + $309,926

$428,156

2025

$2,954 (+3.0%)

$118,230 + $309,926

$428,156

2024

$2,869

$118,230 + $309,926

$428,156

2023

$2,869 (+16.9%)

$118,230 + $309,926

$428,156

2022

$2,453 (+0.7%)

$99,156 + $229,024

$328,180

2020

$2,435

$99,156 + $229,024

$328,180

2019

$2,435 (+2.0%)

$99,156 + $229,024

$328,180

2018

$2,387

$99,156 + $225,300

$324,456

2017

$2,387

$99,156 + $225,300

$324,456

2016

$2,387

$99,156 + $225,300

$324,456

2015

$2,387 (+6.3%)

$99,156 + $225,300

$324,456

2014

$2,245 (+4.0%)

$99,156 + $220,988

$320,144

2013

$2,159 (−1.5%)

$99,156 + $220,988

$320,144

2012

$2,191

$99,156 + $220,988

$320,144

2011

$2,191

$99,156 + $220,988

$320,144

Tax history for 515 China Grove Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,954

$118,230 + $309,926

$428,156

2025

$2,954 (+3.0%)

$118,230 + $309,926

$428,156

2024

$2,869

$118,230 + $309,926

$428,156

2023

$2,869 (+16.9%)

$118,230 + $309,926

$428,156

2022

$2,453 (+0.7%)

$99,156 + $229,024

$328,180

2020

$2,435

$99,156 + $229,024

$328,180

2019

$2,435 (+2.0%)

$99,156 + $229,024

$328,180

2018

$2,387

$99,156 + $225,300

$324,456

2017

$2,387

$99,156 + $225,300

$324,456

2016

$2,387

$99,156 + $225,300

$324,456

2015

$2,387 (+6.3%)

$99,156 + $225,300

$324,456

2014

$2,245 (+4.0%)

$99,156 + $220,988

$320,144

2013

$2,159 (−1.5%)

$99,156 + $220,988

$320,144

2012

$2,191

$99,156 + $220,988

$320,144

2011

$2,191

$99,156 + $220,988

$320,144

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

4.8 Acres

Year renovated

1985

Sq. Ft.

2,336

Year built

1970

Style

Townhouse

County

Rowan County

APN

134 002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

Aug 2, 2022 • Final

Electrical - change of service

Perform a like-for-like electrical service change and replace the meter box.

Electrical

Oct 5, 2021 • Final

Electrical - change of service

Perform a like-for-like electrical service change out and replace the meter box.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Main Level Garage Y/N: 0
Parking Features: Driveway, Parking Space(s)

Interior

Bedroom Information
# of Bedrooms: 12

Bathroom Information
# of Full Baths (Total): 6

Laundry Room Information
Laundry Features: Electric Dryer Hookup, Washer Hookup

Other Rooms Information
Room Other: Bedroom(s),Bathroom(s),Kitchen

Heating & Cooling
Heating Information: Heat Pump
Cooling Information: Central Air, Heat Pump

Interior Features
Appliances: Other

Exterior

Building Information
Construction Type: Site Built
Construction Materials: Brick Full, Vinyl

Property Information
Property Type: Residential Income
Property Sub Type: Sixplex
Zoning Specification: RS

Lot Information
Lot Size Area: 4.61
Lot Size Units: Acres
Road Surface Type: Dirt, Gravel, Paved
Road Responsibility: Publicly Maintained Road

Financial

Lease / Rent Details
Tenant Pays: Electricity

Utilities

Utility Information
Water Source: Shared Well
Sewer: Septic Installed

Location

Multi-Family Financial Information
Owner Pays: Trash Collection

Multi-Unit Information
# of Units (Total): 6

Unit Type 1 Information
Unit Type: 2 Bedroom
# of Bedrooms: 2

Unit Type 2 Information
Unit Type: 2 Bedroom
# of Bedrooms: 2

Unit Type 3 Information
Unit Type: 2 Bedroom
# of Bedrooms: 2

Unit Type 4 Information
Unit Type: 2 Bedroom
# of Bedrooms: 2

Unit Type 5 Information
Unit Type: 2 Bedroom
# of Bedrooms: 2

HOA Information
HOA Subject To: None

School Information
Elementary School: Unspecified
Middle Or Junior High School: Unspecified
High School: Unspecified

Community Information
Pets Allowed: Conditional

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,336
Stories: 2.0
Lot Size: 4.8 acres
Style: Townhouse
Year Built: 1970
Year Renovated: 1985
County: Rowan County
APN: 134 002

Home facts updated by county records on Sep 16, 2026

Other

Auction Information
Is Auction: 0

Listing Information
Exception YN: 0

Green Information
Green Verification Count: 0

Home Information
Living Area: 6382
Above Grade Finished Area: 6,382
Building Area Total: 6382
Foundation Details: Crawl Space

Team Information
Buyer Team ID: TM100215
Buyer Team Mls Id: 69537

Around this home

Schools

China Grove Elementary School

Public PreK-5 • Assigned • 1.3mi

6/10

China Grove Middle School

Public 6-8 • Assigned • 2.1mi

3/10

South Rowan High School

Public 9-12 • Assigned • 2.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 104° expected this year, 16 days in 30 years

4/10 Wind Factor

14% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

China Grove, NC • 28023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 5.3 hours in December, which is comparable to the U.S. average for solar exposure.

9.3 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in China Grove. 3 minutes to get started.

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Land— sq ft

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Land— sq ft

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New listings for sale in 28023

$399,900

3 beds2 baths1,388 sq ft

1004 Osprey Ln, China Grove, NC 28023

COMING SOON

$300,000

1 bed1.5 baths1,593 sq ft

1525 N Main St, China Grove, NC 28023

$297,000

3 beds3 baths2,304 sq ft

4770 Enochville Rd, Kannapolis, NC 28081

$439,999

3 beds3 baths3,685 sq ft

340 Homer Corriher Rd, Kannapolis, NC 28023

$289,900

3 beds1.5 baths1,110 sq ft

125 Longfield Dr, Mooresville, NC 28115

Home values near 515 China Grove Rd

Data from public records.

Address	Redfin Estimate
470 China Grove Rd, China Grove, NC - Beds \| 2 Baths \| 3453 Sq. Ft.	$515,455
570 China Grove Rd, China Grove, NC - Beds \| 2 Baths \| 2054 Sq. Ft.	$323,421

Address	Redfin Estimate
215 China Grove Rd, China Grove, NC - Beds \| 1 Baths \| 1312 Sq. Ft.	$161,626
240 China Grove Rd, China Grove, NC 3 Beds \| 2 Baths \| 1994 Sq. Ft.	$397,282

Address	Redfin Estimate
615 China Grove Rd, China Grove, NC - Beds \| 3 Baths \| 1296 Sq. Ft.	$255,385
390 China Grove Rd, China Grove, NC - Beds \| 2 Baths \| 1552 Sq. Ft.	$383,215

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 28023, NC

Sale history for 515 China Grove Rd

Tax history for 515 China Grove Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 28023

Home values near 515 China Grove Rd

More real estate resources