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 142 & 146 Delaware Rd, Statesville, NC

7 Bed
3 Bath
2156 sft

142 & 146 Delaware Rd, Statesville, NC, 28625

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

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Property at 2930 Bon Air Ave, Winston Salem, NC

Listed for sale 5 days ago

3 Bed
1 Bath
1218 sft

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Property at 209 E 10th St, Roanoke Rapids, NC

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1 Bath
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Property at 1920 Alston Chapel Rd, Pittsboro, NC

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Property at 2465 Marsh Mountain Rd, Sophia, NC

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Property at 6300 Three Loy Rd, Mc Leansville, NC

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Property at 2200 Center Avenue, New Bern, NC

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Property at 8057&8070 Highway 87 W, Bladenboro, NC

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Property at 2706 Sunset Dr, Gastonia, NC

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Property at 112 Short Morgan St, Eden, NC

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Property at 5503 River Rd, Hope Mills, NC

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Property at 302 Graces Farm Rd, La Grange, NC

3 Bed
2 Bath
1323 sft

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Property at 1525 7th St, Statesville, NC

2 Bed
1 Bath
916 sft

1525 7th St, Statesville, NC, 28677

Property at 479 Tobacco Rd, Willow Spring, NC

3 Bed
2 Bath
1200 sft

479 Tobacco Rd, Willow Spring, NC, 27592

Property at 192 Old Creech Rd, Selma, NC

3 Bed
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Property at 1780 Lytle Mountain Rd, Marion, NC

3 Bed
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Property at 150 Combo Ct, Waynesville, NC

3 Bed
2 Bath
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150 Combo Ct, Waynesville, NC, 28786

3 Bed
1 Bath
1008 sft

650 Vass Rd, Raeford, NC, 28376

Property at 926 Blount St, Smithfield, NC

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
1000 sft

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Property at 352.5 Mayflower Ave, Cramerton, NC

2 Bed
1 Bath
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Property at 4252 Deadwyler Dr, Fayetteville, NC

2 Bed
1 Bath
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Property at 879 Jordan Rd, Autryville, NC

2 Bed
1 Bath
620 sft

879 Jordan Rd, Autryville, NC, 28318

3 Bed
1 Bath
896 sft

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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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Is Statesville good for beginner multi-family investors?

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