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5111 Ponderosa Drive

Conover, NC 28613

40 beds
10 baths
16,120 sqft
~7 acre lot
$217 per sqft
1981 build
– on site

Rental Income Investment Property on approximately 6.7 acres. 10 Duplexes with each building offering 2 Bedrooms/1 Bath per unit for a total of 20 units. Updates: 7 units updated, 2 units in process of updates, 1 unit partially updated and ready to rent. Recently installed 7 HVAC systems: 2022 (2), 2023 (2), 2024 (3) Property Maintenance Building for storing materials also has washer/dryer hookups and plumbing for restroom. Mail Boxes: owned by USPS and tenant must go through USPS to receive a new key for their mailbox. Outdoor security lights: 3 security lights and 1 motion light on maintenance building. Water: 5 wells w/3 having water treatment systems. Water safety testing has been done several times since purchase of property in 2021. Electric panel for well pumps located in property maintenance building. Utilities provided by owner: water(well), sewer(septic), trash. Tenant responsibility: Power(Duke Energy), Internet, TV service. Washer/Dryer: hookups in each unit.

Listing courtesy of CMLS / RE/MAX A-Team

Last checked: Checking… • Last updated Mar 2, 2025 •

MLS# 4225366 —

The Building

Year Built:

1981
New Construction:

false
Construction Type:

Site Built
Subtype:

Eightplex+
Construction Materials:

Brick Partial, Vinyl
# of Units Total:

20
Architectural Style:

Ranch
Foundation Details:

Basement, Slab
Basement:

Basement Garage Door, Daylight, Exterior Entry, Storage Space, Unfinished, Walk-Out Access
Basement:

true
Patio And Porch Features:

Covered, Front Porch
Building Area Total:

16120
Above Grade Finished Area:

16120

Interior

Features:

Open Floorplan, Pantry
Flooring:

Carpet, Vinyl
Living Area:

16120
Fireplace:

false

Location

Latitude:

35.774232
Longitude:

-81.245893
Elevation:

1000

The Property

Type:

Residential Income
Lot Features:

Cleared, Green Area, Level, Open Lot, Rolling Slope
Lot Size Area:

6.68
Lot Size Units:

Acres
Zoning Specification:

R-20
Other Structures:

Outbuilding
Additional Parcels Description:

373414340495,373414348470, 373414349503,373414349627,373414340868,373414341485,373414342686,373414343567
Road Responsibility:

Private Maintained Road
Road Surface Type:

Concrete, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

3734143482760000
Tax Assessed Value:

1690800

Beds

Bedrooms Total:

40

Baths

Full Baths:

10

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central, Electric
Cooling:

Central Air, Electric

Utilities

Sewer:

Septic Installed
Water Source:

Well

Appliances

Appliances:

Dishwasher, Electric Range, Refrigerator
Laundry Features:

Electric Dryer Hookup, In Unit, Main Level, Washer Hookup

Schools

Elementary School:

Lyle Creek
Middle School:

River Bend
High School:

Bunker Hill

The Community

Subdivision Name:

Ponderosa Village
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Call

Parking

Parking Features:

Driveway
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

true
Open Parking Spaces:

20

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/2/25 Mar 2, 2025	Listed / Active	CMLS	$3,499,000	459.8% (37.6% / YR)
12/3/12 Dec 3, 2012		CMLS	$625,000

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Newest listings in 28613

This multifamily located in NC 28613 is currently for sale for $3,499,000. 5111 Ponderosa Drive is a 16,120 square foot multifamily with 40 beds and 10 baths that has been on Estately for 1 days. This multifamily is in the attendance area of Lyle Creek Elementary School, River Bend Middle School, and Bunker Hill High School.

Based on information submitted to the MLS GRID as of 3/3/2025 9:27 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.