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515 China Grove Road

China Grove, NC 28023

12 beds
– baths
6,382 sqft
~5 acre lot
$125 per sqft
1970 build
– on site

Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.

Listing courtesy of CMLS / Guardian Real Estate Group LLC

Last checked: Checking… • Last updated Feb 18, 2025 •

MLS# 4223909 —

The Building

Year Built:

1970
New Construction:

false
Construction Type:

Site Built
Subtype:

Sixplex
Construction Materials:

Brick Full, Vinyl
# of Units Total:

6
Foundation Details:

Crawl Space
Basement:

false
Building Area Total:

6382
Above Grade Finished Area:

6382

Interior

Living Area:

6382

Location

Latitude:

35.54841192
Longitude:

-80.57968995

The Property

Type:

Residential Income
Lot Size Area:

4.61
Lot Size Units:

Acres
Zoning Specification:

RS
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Dirt, Gravel, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

134002
Tax Assessed Value:

428156

Beds

Bedrooms Total:

12

Baths

Full Baths:

6

The Listing

Special Listing Conditions:

Subject to Lease

Heating & Cooling

Heating:

Heat Pump
Cooling:

Central Air, Heat Pump

Utilities

Sewer:

Septic Installed
Water Source:

Shared Well

Appliances

Appliances:

Other
Laundry Features:

Electric Dryer Hookup, Washer Hookup

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

None
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Conditional

Parking

Parking Features:

Driveway, Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

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
2/17/25 Feb 17, 2025	Listed / Active	CMLS	$799,900

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Newest listings in 28023

This multifamily located in NC 28023 is currently for sale for $799,900. 515 China Grove Road is a 6,382 square foot multifamily with 12 beds and – baths that has been on Estately for 5 days. This multifamily is in the attendance area of South Rowan High School, China Grove Elementary School, and China Grove Middle School.

Based on information submitted to the MLS GRID as of 2/22/2025 3:03 pm. 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.