128 Rowan Mill Rd

$399,000
Price
7
Beds
3,500 Sq. Ft.
$114 / Sq. Ft.
3,500
Sq. Ft.
$114
per Sq. Ft.

Description

Investor Opportunity: 4-Unit Multi-Family Property in Salisbury, NC
Discover a fantastic investment opportunity with this well-maintained 4-unit multi-family property in
Salisbury! This property boasts a total of 7 bedrooms and 5.5 bathrooms, offering ample rental potential. Two of the units have been nicely updated, providing modern amenities and appealing finishes to attract
quality tenants. The remaining units offer the flexibility for customization or continued cash flow. Key features include:
A
...Investor Opportunity: 4-Unit Multi-Family Property in Salisbury, NC
Discover a fantastic investment opportunity with this well-maintained 4-unit multi-family property in
Salisbury! This property boasts a total of 7 bedrooms and 5.5 bathrooms, offering ample rental potential. Two of the units have been nicely updated, providing modern amenities and appealing finishes to attract
quality tenants. The remaining units offer the flexibility for customization or continued cash flow. Key features include:
A newer 3-year-old roof, minimizing immediate maintenance concerns. Laundry hookups conveniently located in the basement, ideal for tenant use. Spacious units in a recommendable area, catering to both short- and long-term renters. This property is investor-ready and priced to sell. Whether you're expanding your portfolio or entering the
rental market, this multi-family home is a must-see. Schedule a showing today before it's gone!
  1. Listed by Nick Huscroft • Chosen Realty of NC LLC • 330-249-3499

Property Details for 128 Rowan Mill Road

Parking Features
Driveway
LISTING UPDATED: 12/04/2025 05:21 PM

Property Details for 128 Rowan Mill Road

StatusActive
MLS #4214000
Days on Market325
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1950
Lot Size0.46 AC / 20,037 SF
CountyRowan County

Location

Listing Courtesy of Chosen Realty of NC LLC
Add your commute

Building Information for 128 Rowan Mill Road

Stories-Residences-Year Built1950Building Size-Lot Size0.46 AC / 20,037 SF

Payment Calculator

$2,261 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,972

Property Taxes

$289

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 128 Rowan Mill Road

Summary
Location and General Information
  • Longitude: -80.50461
  • Latitude: 35.648473
  • Directions: Head southeast on W Innes St toward N Main St then Turn right onto US-29 S/S Main then Turn right onto Rowan Mill RdSt
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $290,240.00
  • Parcel Number: 461A060
  • City Taxes Paid To: Salisbury
School Information
  • Middle Or Junior School: Knox
  • High School: Salisbury
  • Elementary School: Knollwood
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 3500.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 39
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Proposed Special Assessment Description: No
  • Proposed Special Assessment: Yes
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Road Surface Type: Gravel, Concrete, Dirt
Interior Features
  • Appliances: Microwave, Oven, Refrigerator
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Central, Electric
  • Laundry Features: In Basement
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Foundation Details: Basement, Crawl Space
  • Basement YN: Yes
  • Basement Features: Other
  • Stories: 2
Multi Family
Multi-Family Information
  • Unit Type: 2 Bedroom, 1 Bedroom, 3 Bedroom
  • Number Of Units Total: 4
Rental
Rent Information
  • Tenant Pays: All except water
  • Pets Allowed: Yes

Property History for 128 Rowan Mill Road

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Price Change

CANOPY #4214000

$399,000—
Oct 16, 2025

Price Change

CANOPY #4214000

$449,000—
Sep 3, 2025

Price Change

CANOPY #4214000

$459,000—
Jul 24, 2025

Price Change

CANOPY #4214000

$465,000—
Jul 24, 2025

Listed (Active)

CANOPY #4214000

—
Jul 10, 2025

Under Contract-No Show

CANOPY #4214000

—
May 27, 2025

Price Change

CANOPY #4214000

$449,000—
Apr 3, 2025

Price Change

CANOPY #4214000

$395,000—
Jan 17, 2025

Listed (Active)

CANOPY #4214000

$399,900—
Aug 31, 2022

Withdrawn

CANOPY #3876285

$345,500—
Jul 16, 2022

Under Contract-No Show

CANOPY #3876285

—
Jul 1, 2022

Price Change

CANOPY #3876285

$349,000—
Jun 24, 2022

Price Change

CANOPY #3876285

$375,210—
Jun 23, 2022

Listed (Active)

CANOPY #3876285

$379,000—
Jun 18, 2022

Withdrawn

CANOPY #3859139

$379,000—
May 13, 2022

Listed (Active)

CANOPY #3859139

$379,000—
Aug 31, 2021

Closed (Public Record)

Public Record #1470780055

$85,000—
Aug 31, 2021

Closed (Public Record)

Public Record #1470780056

$140,000—
Aug 31, 2021

Closed (Public Record)

Public Record #1470780057

$165,500—
DateEvent & SourcePrice
10/30/2025

Price Change

CANOPY #4214000

$399,000
10/16/2025

Price Change

CANOPY #4214000

$449,000
09/03/2025

Price Change

CANOPY #4214000

$459,000
07/24/2025

Price Change

CANOPY #4214000

$465,000
07/24/2025

Listed (Active)

CANOPY #4214000

—
07/10/2025

Under Contract-No Show

CANOPY #4214000

—
05/27/2025

Price Change

CANOPY #4214000

$449,000
04/03/2025

Price Change

CANOPY #4214000

$395,000
01/17/2025

Listed (Active)

CANOPY #4214000

$399,900
08/31/2022

Withdrawn

CANOPY #3876285

$345,500
07/16/2022

Under Contract-No Show

CANOPY #3876285

—
07/01/2022

Price Change

CANOPY #3876285

$349,000
06/24/2022

Price Change

CANOPY #3876285

$375,210
06/23/2022

Listed (Active)

CANOPY #3876285

$379,000
06/18/2022

Withdrawn

CANOPY #3859139

$379,000
05/13/2022

Listed (Active)

CANOPY #3859139

$379,000
08/31/2021

Closed (Public Record)

Public Record #1470780055

$85,000
08/31/2021

Closed (Public Record)

Public Record #1470780056

$140,000
08/31/2021

Closed (Public Record)

Public Record #1470780057

$165,500

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

Public Records for 128 Rowan Mill Road

Taxable ValueLand$25,010Additions$265,230Total$290,240
Tax Record2025$3,471 ($289 / month)
Home Facts
Total Finished SqFt3,558 SqFtAbove Grade Finished SqFt3,558 SqFtStories2Lot Size20,168 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated2005ZoningR6CountyROWANAPN461A060Fireplace TypeHas Fireplace

Schools near 128 Rowan Mill 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
Knollwood Elementary School
PublicPK to 5

North Rowan Middle School
Public6 to 8

Salisbury 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

Similar Sold Homes

128 Rowan Mill Road is a multi-family home for sale in Salisbury, NC 28147. This property was listed for sale on January 17, 2025 by Chosen Realty of NC LLC, it's currently listed at $399,000. It has been on the market for a total of 325 days and was last sold on August 31, 2021. This listing's school district is Rowan-Salisbury School District. Nearby schools include Knollwood Elementary School, North Rowan Middle School and Salisbury High School. 128 Rowan Mill Road is a 7-bed, 6-bath, 3,500 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chosen Realty of NC LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 06:12 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.