Active
16 beds6,984 sqft
114 Coley Rd, Salisbury, NC 28146
Est: $5,509/moGet pre-approved
Multi FamilyProperty Type
1.31 acresLot Size
1976Year Built
$143/sq ftPrice per sq ft

Description

Excellent investment opportunity to add to your real estate portfolio! Situated on a 1.31-acre parcel, this multi-family property includes four brick duplexes for a total of eight units, with concrete driveways providing convenient tenant parking. 5 units feature durable LVP flooring throughout, 2 units (townhome) have LVP in kitchen/bath; 1 unit not remodeled. Private rear concrete patios for outdoor relaxation or entertaining. Vapor barriers have been installed in all crawlspaces. Three of the...Excellent investment opportunity to add to your real estate portfolio! Situated on a 1.31-acre parcel, this multi-family property includes four brick duplexes for a total of eight units, with concrete driveways providing convenient tenant parking. 5 units feature durable LVP flooring throughout, 2 units (townhome) have LVP in kitchen/bath; 1 unit not remodeled. Private rear concrete patios for outdoor relaxation or entertaining. Vapor barriers have been installed in all crawlspaces. Three of the duplex buildings offer convenient one-story floor plans, while the fourth features two-story townhome-style units. A great opportunity to acquire multiple rental units together on one parcel. Please do not disturb tenants.
Days on Market Listed Today
  • Listed by: • TMR Realty, Inc. mechelle.kuld@gmail.com
Last updated: 09/22/2026 04:37 PM • Source: CANOPY, MLS#: 4427222

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Listing Courtesy of TMR Realty, Inc.
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Payment Calculator

$5,509 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,168

Property Taxes

$341

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 114 Coley Road

Property Details
  • MLS Type: Residential Income / Apartment
  • County: Rowan County
  • Parking Features: Driveway
Building Information
  • Year Built: 1976
  • Lot Size: 1.31 AC / 57,063 SF
Summary
Location and General Information
  • Longitude: -80.43826615
  • Zoning: RMX
  • Latitude: 35.60383391
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $400,845.00
  • Parcel Number: 352029
  • City Taxes Paid To: Granite Quarry
School Information
  • Middle Or Junior School: C.C. Erwin
  • High School: East Rowan
  • Elementary School: Granite Quarry
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage Spaces: 0.0
  • Garage YN: No
  • Garage Main Level YN: No
Virtual Tour
  • Web URL: www.trmrrealtyinc.com
Property
Lot Information
  • Above Grade Finished Area: 6984.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 8
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Number Of Completed Units Total: 8
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Full
  • Patio And Porch Features: Front Porch, Patio
  • Pool Private YN: No
  • Road Surface Type: Concrete, Paved
Interior Features
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Laundry Features: In Unit
  • Fireplace YN: No
  • Flooring: Carpet, Vinyl
  • Foundation Details: Crawl Space
  • Basement YN: No
Multi Family
Multi-Family Information
  • Unit Type: 2 Bedroom
  • Unit Room Type: Laundry, Kitchen, Living Room
  • Number Of Units Total: 8
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 114 Coley Road

DateEvent & SourcePriceAppreciation
Sep 22, 2026

Listed (Active)

CANOPY #4427222

$1,000,000
Dec 21, 2020

Closed (Public Record)

Public Record #685920643

$450,000
DateEvent & SourcePrice
09/22/2026

Listed (Active)

CANOPY #4427222

$1,000,000
12/21/2020

Closed (Public Record)

Public Record #685920643

$450,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 114 Coley Road

Taxable ValueLand$85,500Additions$315,345Total$400,845
Tax Record2026$4,089 ($341 / month)
Home Facts
Total Finished SqFt1,890 SqFtAbove Grade Finished SqFt1,890 SqFtStories1Lot Size67,518 SqFtStyleMiscellaneous CommercialYear Built1977Year Renovated1996ZoningR2:SINGLECountyROWANAPN352 029

Schools near 114 Coley Road

This home is within Rowan-Salisbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Granite Quarry Elementary School
PublicPK to 5

Charles C Erwin Middle School
Public6 to 8

East Rowan High School
Public9 to 12

Rowan County Early College
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

114 Coley Road is a multi-family home for sale in Salisbury, NC 28146. This property was listed for sale on September 22, 2026 by TMR Realty, Inc., it's currently listed at $1,000,000. It has been on the market for a total of 0 days and was last sold on December 21, 2020. This listing's school district is Rowan-Salisbury School District. Nearby schools include Granite Quarry Elementary School, Charles C Erwin Middle School and East Rowan High School. 114 Coley Road is a 16-bed, 10-bath, 6,984 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TMR Realty, Inc.

Based on information submitted to the MLS GRID as of 09/22/2026 04:37 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.