Sold
Last Sold Price
7 beds3,500 sqft
128 Rowan Mill Rd, Salisbury, NC 28147
Multi FamilyProperty Type
0.46 acresLot Size
1950Year Built
$100/sq ftPrice 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!
  • Listed by: • Chosen Realty of NC LLC 330-249-3499
Listing closed: 02/25/2026 12:00 AM • Source: CANOPY, MLS#: 4214000

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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

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Square Feet
0.18
Acres
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a front view of a house with a yard
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Sold 08/15/25

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Sold 04/30/25

Unavailable
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Unavailable
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a front view of a house with a yard
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Sold 12/09/25

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Location

Listing Courtesy of Chosen Realty of NC LLC

Sold By MartinGroup Properties Inc

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Payment Calculator

$2,157 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,868

Property Taxes

$289

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 128 Rowan Mill Road

Property Details
  • MLS Type: Residential Income / Fourplex
  • County: Rowan County
  • Parking Features: Driveway
Building Information
  • Year Built: 1950
  • Lot Size: 0.46 AC / 20,037 SF
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: 1 Bedroom, 2 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
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

—
DateEvent & SourcePrice
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

—

For completeness, we 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 Record2026$3,471 ($289 / month)
Home Facts
Baths3Total Finished SqFt4,752 SqFtAbove Grade Finished SqFt3,558 SqFtFinished Basement SqFt1,194 SqFtStories2Lot Size20,168 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated2005CountyROWANAPN461A060

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 128 Rowan Mill Road, Salisbury, NC 28147
$350,000
7
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

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.