Great investment opportunity! This 3-bedroom, 2-bath home is ideal for investors looking to add to their rental portfolio or secure a cash-flowing property or for first time buyers. Low property taxes and manageable size make this an attractive, low-maintenance investment. Don't miss this chance to own an income-producing property at an affordable price point!
Downtown High Point, located between High Point University and the High Point Amtrak Station, is a historic and arts-forward High Point neighborhood with brick warehouse blocks and a walkable grid of galleries and eateries. The neighborhood’s character concentrates around the intersection of N Main St and E Washington Dr, where showrooms, coffee counters, and late-night bites keep the sidewalks active. The High Point Theatre anchors the cultural calendar, while the High Point Museum adds local context in a classic civic setting. Stock + Grain and Blue Zucchini & Company bring a polished, local dining-and-drink scene to restored storefronts. Architecture leans early-20th-century commercial with newer loft-style conversions. Green pockets like City Lake Park sit a short drive away for trails and water views.
Provided by Walk Score and Local Logic
Market insights
515 Cable St · $170,000
DAYS ON MARKET
79 days
The average home goes pending in 38 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$170,000
Median sale price in this area is $339,298. (100% higher than this home)
PRICE DROP
1 price drop
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Primary bedroom on the main level
Bedrooms
Bedrooms on the main level
Bathrooms
1 full bathroom
Kitchen
Electric water heater (kitchen appliances not specified)
Laundry & utility
No separate laundry details provided
Flooring
Laminate flooring
Tile flooring
Heating & cooling
Central air
Heat pump
Forced air heating with natural gas
Exterior features
Level lot
Flat land
Home design
Residential stick/site-built house
One level
Parking
Driveway
Construction
Built in 1914
Vinyl siding
Crawl space foundation
Utilities
Public water
Public sewer
Electric water heater
Publicly maintained road
HOA & community
No association fees
Electricity and solar
View estimated energy costs and solar savings for this home
The RM-16 district is established to accommodate a mix of residential development at around 16 units an acre, that is served by public water and sewer. District regulations encourage the development of functioning neighborhoods that include a mix of housing types and a variety of institutional uses. Complimentary uses such as open space, schools, utilities, religious institutions, and recreational facilities are also allowed.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Bed & breakfast
Mixed use
Communications tower
Agriculture-Cropland
Oct 17, 2017 • Final
Residential otc
Repair the electrical meter base.
Electrical
Electric meter
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.
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, 17 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, 1 days in 30 years
Provided by First Street
Historical weather
High Point, NC • 27260
Average low and high temperatures (°F)
46
27
53
34
69
44
75
53
77
56
87
67
89
71
80
65
80
60
70
50
63
42
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in High Point. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 515 Cable St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $97,000 and $229,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $97K to $230K.