Well maintained fully renovated four unit multi family investment property. Conveniently located between Morganton and Lenoir. Property has four 1 bedroom 1 bath units. Fully occupied with consistent rental income and excellent occupancy. New water heater installed in 2025. 3 HVAC systems are less than 3 years old. All appliances are less than 5 years old. Newly paved parking lot. Owner pays for water. All other utilities are paid by the tenants.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Burke County
APN
8804
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Basement
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Last updated by owner on Oct 30, 2026.
R-2
AO
Residential District
The R-2 Residential District is intended to be similar to the R-1 district in its residential nature. However, R-2 district also allows Class A manufactured homes and multi-family housing options as well. Allowed uses in this district are sensitive to the residential character of the area and non-residential uses are limited.
Zone overlays
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Cemetery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
2/10 Wind Factor
1% 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
Morganton, NC • 28655
Average low and high temperatures (°F)
46
26
55
33
68
41
75
49
76
55
86
63
89
68
80
64
80
57
71
48
62
41
51
31
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 2106 Pax Hill Rd
$494,217
$5,782 under list price of $500K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $335K to $655K.