128 Rowan Mill Road







































Description
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!
- Listed by: • Chosen Realty of NC LLC 330-249-3499
Recent comparable sales
Median sold price
$400,000
Avg days on market
29
Sale-to-list ratio
95.1%
Salisbury, NC
9 comparable properties found
Location
Sold By MartinGroup Properties Inc
Payment Calculator
$2,157 per month
30 year fixed, 7.03% Interest
$1,868
$289
$0
Property Information for 128 Rowan Mill Road
- MLS Type: Residential Income / Fourplex
- County: Rowan County
- Parking Features: Driveway
- Year Built: 1950
- Lot Size: 0.46 AC / 20,037 SF
- 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
- HOA YN: No
- HOA Subject To: None
- Tax Assessed Value: $290,240.00
- Parcel Number: 461A060
- City Taxes Paid To: Salisbury
- Middle Or Junior School: Knox
- High School: Salisbury
- Elementary School: Knollwood
- Parking: Open Parking YN: No
- Parking: Carport YN: No
- Garage YN: No
- Garage Main Level YN: No
- Above Grade Finished Area: 3500.0
- Below Grade Finished Area: 0.0
- Lot Size Units: Acres
- Property Type: Residential Income
- 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 Verification Count: 0
- Sewer: Public Sewer
- Water Source: City
- Construction Materials: Wood
- Road Surface Type: Gravel, Concrete, Dirt
- 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
- Unit Type: 1 Bedroom, 2 Bedroom, 3 Bedroom
- Number Of Units Total: 4
- Tenant Pays: All except water
- Pets Allowed: Yes
Property History for 128 Rowan Mill Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 25, 2026 | Closed (Public Record) Public Record #1929651258 | $350,000 | +37.1% / yr |
| Feb 25, 2026 | Closed CANOPY #4214000 | $350,000 | — |
| Jan 27, 2026 | Under Contract-No Show CANOPY #4214000 | — | |
| Jan 20, 2026 | Price Change CANOPY #4214000 | $385,000 | — |
| 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 | $385,000 | — |
| 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 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/25/2026 | Closed (Public Record) Public Record #1929651258 | $350,000 +37.1% / yr |
| 02/25/2026 | Closed CANOPY #4214000 | $350,000 |
| 01/27/2026 | Under Contract-No Show CANOPY #4214000 | — |
| 01/20/2026 | Price Change CANOPY #4214000 | $385,000 |
| 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 | $385,000 |
| 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, we often displays two records for one sale: the MLS record and the public record.
Public Records for 128 Rowan Mill Road
Schools near 128 Rowan Mill Road
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
New listings in 28147
Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 128 Rowan Mill Road, Salisbury, NC 28147 | $350,000 | 7 | 6 | 3,500 | 20,037 |
$5,000 | – | – | – | 15,681 | |
– | – | – | – | 2,248,132 | |
– | – | 2 | 1,554 | 22,651 | |
$500,000 | – | – | 3,845 | 35,022 | |
$55,000 | – | 1 | 1,004 | 16,335 | |
– | – | – | 24,158 | 148,540 | |
$80,000 | – | 1 | 1,144 | 14,985 | |
– | – | – | 21,620 | 124,146 | |
$84,000 | – | 1 | 1,470 | 23,087 | |
– | – | 1.5 | 1,658 | 40,598 | |
– | – | – | 2,457 | 155,074 | |
– | – | 1 | 1,450 | 25,483 | |
$75,016 | – | – | – | 13,068 | |
– | – | 2 | 1,782 | 22,477 | |
$350,000 | – | – | 3,970 | 51,749 |
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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 Chosen Realty of NC LLC
Based on information submitted to the MLS GRID as of 02/26/2026 12:28 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.









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