OFF MARKET

Off market sep 2024 for $367K

$460,533

Est. refi paymentEst. refi $2,488/mo

•

3,002

sq ft

163 Telephone Exchange Rd, Hickory, NC 28601

About this home

GREAT INVESTMENT OPPURTUNITY with this cash flowing, income producing quadplex! A quadplex with all units rented. This four unit property has been used as a long term rental. The upstairs units features two bedrooms with an open living area and kitchen opening up to the covered front porch and with a back deck as well. The downstairs units also have a two-bedroom floor plan with living room, kitchen and full bathroom. Two units are newly updated and two units are not. Please respect tenants space.

Multi-familyProperty Type

1981Year Built

0.47 acresLot Size

$153Est. Price/Sq.Ft.

Listed by Sydney Freeman • Shook & Tarlton Realty LLC

Contact: smfreeman523@gmail.com

Bought with Stephanie Walker • Empire Dreams Real Estate

Redfin checked: 3 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4167514

Redfin Estimate

$460,533

$93K since sold in September 2024$14K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 2.7% higher than the average sale price ($449K) of 6 comparable homes.

SOLD AUG 7, 2026
$800,000
A
4 beds4 baths2,677 sq ft
140 Williams Cove Ln, Taylorsville, NC 28681
SOLD SEP 15, 2026
$568,000
B
4 beds3.5 baths2,327 sq ft
910 44th Avenue Ct NE Unit 112/38-104, Hickory, NC 28601
SOLD JUN 30, 2026
$368,500
C
3 beds3 baths3,222 sq ft
1015 36th Avenue Ct NE, Hickory, NC 28601
SOLD SEP 25, 2026
$310,000
D
3 beds2 baths2,542 sq ft
3721 9th Street Dr NE, Hickory, NC 28601
SOLD FEB 11, 2026
$299,500
E
4 beds3 baths2,632 sq ft
4745 16th Street Dr NE, Hickory, NC 28601
SOLD JUL 7, 2026
$345,000
F
3 beds2.5 baths1,878 sq ft
4613 19th Street Ct NE, Hickory, NC 28601

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 28601, NC

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.0%

0.1% MoM

Median sale price

$314K

$35K MoM

Avg. days on market

52d

1 days MoM

Recently sold homes

204

5 MoM

New listings for sale

COMING SOON
$315,000
2 beds2 baths1,311 sq ft
217 23rd St NW, Hickory, NC 28601
NEW 1 HR AGO
$225,000
3 beds2.5 baths1,496 sq ft
2433 1st St NW #22, Hickory, NC 28601
NEW 5 HRS AGO
$350,000
4 beds2.5 baths2,285 sq ft
3675 10th Street None, Hickory, NC 28601
COMING SOON
$589,000
3 beds2 baths1,874 sq ft
4128 Icard Ridge Rd, Hickory, NC 28601
NEW 18 HRS AGO
$499,900
4 beds2.5 baths2,764 sq ft
3645 Wandering Ln NE, Hickory, NC 28601
3D WALKTHROUGH
$205,000
2 beds2 baths1,025 sq ft
129 Automotive Ln, Hickory, NC 28601
$215,000
2 beds1 bath1,004 sq ft
433 19th Avenue Ct NE #14, Hickory, NC 28601
$280,000
3 beds2 baths1,258 sq ft
175 Alexander Heritage Dr #61, Hickory, NC 28601
$305,000
3 beds2.5 baths1,415 sq ft
1358 26th Ave NE, Hickory, NC 28601
COMING SOON
$490,000
3 beds3 baths2,348 sq ft
6391 Cathedral Dr, Hickory, NC 28601
See all

Provided by Redfin

Sale history for 163 Telephone Exchange Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,399 (+9.2%)

$18,067 + $178,947

$197,014

2024

$1,281 (−8.8%)

$18,067 + $178,947

$197,014

2023

$1,405 (+67.1%)

$18,067 + $178,947

$197,014

2022

$841

$18,067 + $178,947

$197,014

2021

$841

$16,425 + $84,493

$100,918

2020

$841

$16,425 + $84,493

$100,918

2019

$841 (+1.5%)

$16,425 + $84,493

$100,918

2018

$829

$16,425 + $84,493

$100,918

2017

$829

$16,425 + $84,493

$100,918

2016

$828

$16,425 + $84,493

$100,918

2015

$828 (+7.4%)

$16,425 + $84,493

$100,918

2014

$771

$16,425 + $94,863

$111,288

Tax history for 163 Telephone Exchange Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,399 (+9.2%)

$18,067 + $178,947

$197,014

2024

$1,281 (−8.8%)

$18,067 + $178,947

$197,014

2023

$1,405 (+67.1%)

$18,067 + $178,947

$197,014

2022

$841

$18,067 + $178,947

$197,014

2021

$841

$16,425 + $84,493

$100,918

2020

$841

$16,425 + $84,493

$100,918

2019

$841 (+1.5%)

$16,425 + $84,493

$100,918

2018

$829

$16,425 + $84,493

$100,918

2017

$829

$16,425 + $84,493

$100,918

2016

$828

$16,425 + $84,493

$100,918

2015

$828 (+7.4%)

$16,425 + $84,493

$100,918

2014

$771

$16,425 + $94,863

$111,288

*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
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.46 Acres

Year renovated

1991

Sq. Ft.

1,528

Year built

1981

Style

Multi-Family (2-4 Unit)

County

Alexander County

APN

0003941

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 3, 2026.

RA-20

Residential - Agricultural District

The RA-20 residential district is established as a district in which the principal use of the land is for low-density residential and agricultural purposes including single-family dwellings, two-family dwellings (individual), individual manufactured homes, and related uses necessary for a sound neighborhood. Group housing developments in the form of multiple-family dwellings, condominiums, two-family dwellings, townhouses and manufactured home parks are permitted subject to the granting of a special use permit by the Board of Commissioners. The regulations for this district are designed to stabilize and encourage a healthful environment for family life in areas where neither public nor community water or sewer facilities are available.

Permitted uses

Include but are not limited to:

Livestock production
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Educational / school
Golf related
Agriculture-Cropland
Agriculture-Pastureland
Park & open space

Property details

Parking

Parking Information
Main Level Garage Y/N: 0
Parking Features: Parking Space(s)
Open Parking Spaces: 8
Has Open Parking

Interior

Bedroom Information
# of Bedrooms: 8

Bathroom Information
# of Full Baths (Total): 4

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

Heating & Cooling
Heating Information: Baseboard
Cooling Information: Window Unit(s)

Interior Features
Appliances: Oven, Refrigerator
Flooring: Laminate

Multi-Family Financial Information
Owner Pays: Trash Collection, Water

Multi-Unit Information
# of Units (Total): 4

Unit Type 1 Information
Unit Type: 2 Bedroom
# of Units: 4
# of Bedrooms: 2

Exterior

Building Information
Construction Type: Site Built
Construction Materials: Vinyl

Waterfront Information
Waterfront Features: None

Property Information
Property Type: Residential Income
Property Sub Type: Fourplex
Zoning Specification: R1

Lot Information
Lot Features: Corner Lot
Lot Size Area: 0.473
Lot Size Units: Acres
Road Surface Type: Gravel, Concrete
Road Responsibility: Publicly Maintained Road

Financial

Lease / Rent Details
Tenant Pays: Cable TV, Electricity

Utilities

Utility Information
Water Source: City

Location

HOA Information
HOA Subject To: None

School Information
Elementary School: Bethlehem
Middle Or Junior High School: West Alexander
High School: Alexander Central

Community Information
Community Features: None
Pets Allowed: Conditional, Breed Restrictions, Number Limit, Size Limit

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,528
Stories: 1.0
Lot Size: 0.46 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1981
Year Renovated: 1991
County: Alexander County
APN: 0003941

Home facts updated by county records on Aug 3, 2026

Other

Auction Information
Is Auction: 0

Listing Information
Exception YN: 0

Green Information
Green Verification Count: 0

Home Information
Living Area: 3002
Above Grade Finished Area: 3,002
Building Area Total: 3002
Foundation Details: Slab

Around this home

Schools

Bethlehem Elementary

Public PreK-5 • Assigned • 0.9mi

8/10

West Alexander Middle

Public 6-8 • Assigned • 3.3mi

9/10

Alexander Central High

Public PreK-12 • Assigned • 9.1mi

4/10

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 102° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

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

Provided by First Street

Historical weather

Hickory, NC • 28601

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 9.2 hours in June and 5.2 hours in December, which is comparable to the U.S. average for solar exposure.

9.2 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$438,000 – $530,000

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

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New listings for sale in 28601

COMING SOON

$315,000

2 beds2 baths1,311 sq ft

217 23rd St NW, Hickory, NC 28601

NEW 1 HR AGO

$225,000

3 beds2.5 baths1,496 sq ft

2433 1st St NW #22, Hickory, NC 28601

NEW 5 HRS AGO

$350,000

4 beds2.5 baths2,285 sq ft

3675 10th Street None, Hickory, NC 28601

COMING SOON

$589,000

3 beds2 baths1,874 sq ft

4128 Icard Ridge Rd, Hickory, NC 28601

NEW 18 HRS AGO

$499,900

4 beds2.5 baths2,764 sq ft

3645 Wandering Ln NE, Hickory, NC 28601

3D WALKTHROUGH

$205,000

2 beds2 baths1,025 sq ft

129 Automotive Ln, Hickory, NC 28601

$215,000

2 beds1 bath1,004 sq ft

433 19th Avenue Ct NE #14, Hickory, NC 28601

$280,000

3 beds2 baths1,258 sq ft

175 Alexander Heritage Dr #61, Hickory, NC 28601

$305,000

3 beds2.5 baths1,415 sq ft

1358 26th Ave NE, Hickory, NC 28601

Home values near 163 Telephone Exchange Rd

Data from public records.

Address	Redfin Estimate
223 Telephone Exchange Road, Hickory, NC 3 Beds \| 1 Baths \| 1222 Sq. Ft.	$242,035
307 Telephone Exchange Road, Hickory, NC 3 Beds \| 2.5 Baths \| 1125 Sq. Ft.	$242,398

Address	Redfin Estimate
292 Telephone Exchange Road, Hickory, NC 3 Beds \| 2 Baths \| 1350 Sq. Ft.	$304,399
69 Telephone Exchange Road, Hickory, NC 3 Beds \| 1.5 Baths \| 1334 Sq. Ft.	$251,904

Address	Redfin Estimate
93 Telephone Exchange Road, Hickory, NC 2 Beds \| 1 Baths \| 1191 Sq. Ft.	$221,474
199 Telephone Exchange Road, Hickory, NC 3 Beds \| 1.5 Baths \| 1269 Sq. Ft.	$224,117

Property information provided by CANOPYMLS as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

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