Active
8 beds11,000 sqft

319 Connelly Springs Rd, Lenoir, NC 28645

Multi FamilyProperty Type
0.51 acresLot Size
1970Year Built
$68/sq ftPrice per sq ft
18 carsParking Spaces

Description

Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas. Each commercial space is approximately 1,500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony....Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas. Each commercial space is approximately 1,500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony. One unit is currently rented fully furnished on a short-term basis. Current total rental income is $7,150 per month. Operating expenses include taxes, insurance, lawn maintenance, exterior lighting, water, and property management. Listing agent is also the property manager. No interior showings until under contract. List of improvements and expenses available upon request.
23 days on Market
Last updated: 09/23/2026 09:49 AM • Source: CANOPY, MLS#: 4423516
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Location

Listing Courtesy of Raccoon Realty LLC
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Payment Calculator

$4,150 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,004

Property Taxes

$146

HOA Dues

$0

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Property Information for 319 Connelly Springs Road

Property Details

  • MLS Type: Residential Income / Eightplex
  • Architectural Style: Other
  • Parking Features: Parking Lot, Parking Space(s)

Building Information

  • Year Built: 1970
  • Lot Size: 0.51 AC / 22,215 SF

Summary

Location and General Information
  • Longitude: -81.5255
  • Zoning: B2
  • Road Frontage Length: 146.0
  • Latitude: 35.888299
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $337,800.00
  • Parcel Number: 06-63-3-22
  • City Taxes Paid To: Lenoir
School Information
  • Middle Or Junior School: William Lenoir
  • High School: Hibriten
  • Elementary School: Whitnel
Parking
  • Parking: Open Spaces: 18.0
  • Parking: Open Parking YN: Yes
  • Parking: Other: Upper and lower parking areas
  • Parking: Carport Spaces: 0.0
  • Parking: Carport YN: No
  • Garage Spaces: 0.0
  • Garage YN: No
  • Garage Main Level YN: No

Property

Lot Information
  • Elevation: 1000
  • Above Grade Finished Area: 11000.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Paved, Other - See Remarks
  • Lot Size Dimensions: 146x145
  • Lot Size Units: Acres
  • Property Type: Residential Income
  • Property Sub Type Additional: None
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 44
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Number Of Completed Units Total: 8
  • Number Of Projected Units Total: 8
Utilities
  • Sewer: Public Sewer
  • Water Source: City

Interior and Exterior Features

Exterior Features
  • Exterior Features: Lawn Maintenance
  • Construction Materials: Brick Partial, Vinyl
  • Patio And Porch Features: Awning(s), Balcony, Covered, Porch
  • Pool Private YN: No
  • Road Surface Type: Concrete, Paved
  • Roof: Rubber
  • Horse Amenities: None
Interior Features
  • Appliances: Electric Range, Refrigerator
  • Cooling: Central Air, Electric, Heat Pump, Window Unit(s)
  • Heating: Baseboard, Central, Electric, Heat Pump, Other - See Remarks
  • Laundry Features: In Kitchen
  • Fireplace YN: No
  • Flooring: Vinyl, Other - See Remarks
  • Foundation Details: Slab
  • Basement YN: No
  • Stories: 2

Multi Family

Multi-Family Information
  • Unit Type: 2 Bedroom, Studio
  • Unit Room Type: Kitchen, Bathroom(s), Dining Area, Bedroom(s), Laundry, Living Room
  • Number Of Units Total: 8

Rental

Rent Information
  • Security Features: Smoke Detector(s)
  • Tenant Pays: All except water
  • Pets Allowed: Conditional

Property History for 319 Connelly Springs Road

DateEvent & SourcePriceAppreciation
Sep 17, 2026

Listed (Active)

CANOPY #4423516

$750,000—
Feb 27, 2023

Closed (Public Record)

Public Record #1508564325

$210,000—
DateEvent & SourcePrice
09/17/2026

Listed (Active)

CANOPY #4423516

$750,000
02/27/2023

Closed (Public Record)

Public Record #1508564325

$210,000

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

Public records

319 Connelly Springs Road

Total Finished SqFt

11,000 SqFt

Above Grade Finished SqFt

11,000 SqFt

Stories

2

Lot Size

23,220 SqFt

Style

Miscellaneous Commercial

Year Built

1970

Schools near 319 Connelly Springs Road

This home is within Caldwell County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Whitnel Elementary
PublicPK to 5

William Lenoir Middle
Public6 to 8

Hibriten High
Public9 to 12

Caldwell Online Academy
Public4 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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319 Connelly Springs Road is a multi-family home for sale in Lenoir, NC 28645. This property was listed for sale on September 17, 2026 by Raccoon Realty LLC, it's currently listed at $750,000. It has been on the market for a total of 23 days and was last sold on February 27, 2023. This listing's school district is Caldwell County School District. Nearby schools include Whitnel Elementary, William Lenoir Middle and Hibriten High. 319 Connelly Springs Road is a 8-bed, 8-bath, 11,000 sqft multi-family home built in 1970.

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 Raccoon Realty LLC

Based on information submitted to the MLS GRID as of 09/23/2026 09:49 AM. 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.