What are typical returns for multi-family properties here?

Expect avg ROI around 9%, rental yields of 7.5%, and cap rates near 8%. Cash flow averages $1,850 monthly per unit. Appreciation supports long-term equity buildup.

How's the rental market occupancy in Statesville?

Renter-occupied units exceed 45%, with vacancy under 5%. Demand from local workforce remains consistent. Multi-family sees quick leasing at competitive rates.

Is Statesville good for beginner multi-family investors?

Yes, affordable entry prices under $300k median home value suit starters. Stable economics and growth mirror NC trends. Focus on value-add duplexes for best results.

Multi Family Investment Properties for Sale in Statesville, NC

Property at 1719 E Cloaninger Ave, Statesville, NC

4 Bed
2 Bath
1872 sft

1719 E Cloaninger Ave, Statesville, NC, 28625

Property at 206 Garfield St #208, Statesville, NC

- Bed
- Bath
- sft

206 Garfield St #208, Statesville, NC, 28677

Property at 615 Charlotte Ave, Statesville, NC

4 Bed
2 Bath
1964 sft

615 Charlotte Ave, Statesville, NC, 28677

Here are some other similar properties you might be interested in:

Property at 926 Blount St, Smithfield, NC

Fix & Flip

Listed for sale 2 days ago

2 Bed
1 Bath
720 sft

926 Blount St, Smithfield, NC, 27577

Property at 111 Buie St, Red Springs, NC

3 Bed
1 Bath
1008 sft

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Property at 719 Goldston Blvd, Sanford, NC

3 Bed
1 Bath
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Property at 352.5 Mayflower Ave, Cramerton, NC

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Property at 4252 Deadwyler Dr, Fayetteville, NC

2 Bed
1 Bath
648 sft

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Property at 10 Nellie Bell Ln, Swannanoa, NC

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2420 sft

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Property at 879 Jordan Rd, Autryville, NC

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620 sft

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Property at 1727 Spencer Mountain Rd, Gastonia, NC

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Property at 232 Burlington Ave, Gibsonville, NC

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Property at 1400 Roslyn Dr Unit 16A, Burlington, NC

2 Bed
1 Bath
674 sft

1400 Roslyn Dr Unit 16A, Burlington, NC, 27215

Property at 4013 Avera Ave, Winston Salem, NC

3 Bed
1 Bath
1196 sft

4013 Avera Ave, Winston Salem, NC, 27106

Property at 204 Harrison Dr, Belmont, NC

3 Bed
1 Bath
1474 sft

204 Harrison Dr, Belmont, NC, 28012

3 Bed
2 Bath
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240 Burtons Ln, Cameron, NC, 28326

Property at 206 Herbert St, Goldsboro, NC

3 Bed
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Property at 2624 Randleman Rd APT C, Greensboro, NC

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2 Bath
900 sft

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Property at 2871 Old School Rd, Four Oaks, NC

3 Bed
1 Bath
1410 sft

2871 Old School Rd, Four Oaks, NC, 27524

Property at 114 N Edenton Road St, Hertford, NC

2 Bed
1 Bath
776 sft

114 N Edenton Road St, Hertford, NC, 27944

Property at 850 E State Highway 152, China Grove, NC

2 Bed
1 Bath
1000 sft

850 E State Highway 152, China Grove, NC, 28023

Property at 4187 SE College Street, Ayden, NC

3 Bed
1 Bath
1465 sft

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Property at 111 Parmer St, Forest City, NC

2 Bed
1 Bath
1242 sft

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Property at 113 Pine Tree Rd, Lumberton, NC

3 Bed
1 Bath
1186 sft

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Property at 1005 True Ln, High Point, NC

2 Bed
1 Bath
824 sft

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Property at 6400 Bringle Ferry Rd, Salisbury, NC

2 Bed
1 Bath
700 sft

6400 Bringle Ferry Rd, Salisbury, NC, 28146

Why Invest in Statesville, North Carolina?

Multi-family properties in Statesville, NC offer strong investment potential with steady rental demand. Average rents around $1,800 support solid cash flows for duplexes and small apartment buildings. Cap rates hover near 7-8% amid moderate appreciation of 2-3% annually. Renter occupancy exceeds 45%, bolstered by local manufacturing jobs. Low entry prices relative to Charlotte metro enhance ROI for value-add strategies. Stable housing dynamics make it ideal for long-term multifamily holds.

9.2%

Avg. ROI

7.5%

Rental Yield

7.8%

Cap Rate

$1850/mo

Avg. Cash Flow

$1798/mo

Avg. Rent

2.4%

1Y Appreciation

Frequently Asked Questions

Steady job growth in manufacturing drives renter demand, with average rents at $1,800 and 7.8% growth. Cap rates of 7-8% offer solid returns. Proximity to Charlotte provides spillover without high costs.

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