Great investment opportunity in prime location. Four units; Unit A was the sellers home but she has moved out, (Rent to be determined by new buyer) It is a 3 bedroom 2 bath apartment. The other 3 units are 1 bedroom 1 bath and are currentely being rented for 500/month with a month to month lease. According to planning and zoning the quadraplex would need 2 acres, the other 2+ could be divided into another parcel providing that it is 50 foot from any septic lines and a home could be built in the back as long at there was 70 foot of road frontage with same width going back to new parcel. (This should be verified by selling agent if this is important to the buyer).
Single-familyProperty Type
1937Year Built
2.25 acresLot Size
$385Est. Price/Sq.Ft.
8 spacesParking
Listed by Lisa Emery• Wallace Realty
Listed by Beth Christian• Wallace Realty
Bought with Lisa Emery• Wallace Realty
Source:CANOPYMLS as Distributed by MLS Grid #3834311
Redfin Estimate
$737,446
$12K since sold in October 2024$30K since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 24.2% higher than the average sale price ($594K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RR
Rural Residential
This zoning district is comprised of areas of the county in which moderate levels of single-family housing has occurred or is occurring. In this district, agricultural uses have been replaced to a significant degree with single-family housing. The regulations in this district are intended to provide a land owner with an opportunity to engage in limited business or commercial activities. Multifamily uses are not allowed.
Property details
Interior
Heating & Cooling
Heating Type: Heat Pump
Fireplace Information
# of Fireplaces: 1
Fireplace Type: 1 Story 1 Opening
Has Fireplace
Exterior
Exterior Information
Exterior Wall: Aluminum/Vinyl
Building Type: Single Family
Property Information
Subdivision Name: GRADY F LAWRENCE TR A
Living Sq. Ft: 1,914
Ground Floor Sq. Ft: 1,606
Building Sq. Ft: 1,914
# of Stories: 1.5
Legal Description: LT 2
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 320
Garage / Carport Type: Carport
Lot Information
# of Buildings: 4
Land Sq. Ft: 98,010
Legal Lot Number: T
Municipality Name: LOCKE
Acres: 2.25
County Use Description: SINGLE FAMILY DWELLING
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,914
Stories: 1.5
Lot Size: 2.25 acres
Style: Single Family Residential
Year Built: 1937
Year Renovated: 1990
County: Rowan County
APN: 459 035
Home facts updated by county records on Sep 16, 2026
Around this home
Schools
K - 12
Preschool & daycare
Hurley Elementary School
Public PreK-5 • Assigned • 2.8mi
2/10
Southeast Middle School
Public 6-8 • Assigned • 4.1mi
1/10
West Rowan High School
Public 9-12 • Assigned • 6.3mi
2/10
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 105° expected this year, 17 days in 30 years
4/10 Wind Factor
12% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Salisbury, NC • 28147
Average low and high temperatures (°F)
47°
26°
55°
34°
69°
44°
75°
52°
77°
56°
87°
66°
90°
71°
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65°
80°
59°
69°
48°
63°
41°
52°
31°
Jan
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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
Estimated sale price
$701,000 – $849,000
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