118 Mulberry St NW Lenoir, NC 28645
Estimated payment $4,294/month
Highlights
- Guest House
- Multiple cooling system units
- Heat Pump System
- No HOA
About This Lot
Beautifully restored 2-story-on-brick commercial bldg, circa 1920. Located in Lenoir NC Historic District; collaborative restoration w/Historic Preservation Commission began 2022 and completed 2023. Main floor foyer has secure private entrances for each floor. New 2BR 2BA apartment on 2nd floor w/modern luxuries and finishes mingled with exposed brick and rich wood floors. On main floor, large front room w/original tin ceilings and milk glass schoolhouse light fixtures. Down the hall are offices, 2 bathrooms and large break room w/sink & fridge. Walkout basement is renovated for a dental appliance lab; large central room and side rooms with work space, sinks, bright lighting and propane hookup. Basement opens to H Lewis Price Ln with 2-3 parking spaces outside the basement. Bldg is 3 doors down from Caldwell Arts Council new home in the former Henkel Opera House Bldg. The Downtown Lenoir Social district begins just across the street. The possibilities are endless.. Retail - Medtail - Restaraunt - Brewery - Office Space - or a mix of different uses
Listing Agent
Arrow Realty & Land Development Brokerage Phone: 828-572-7031 Listed on: 08/11/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,595
Year Built
- Built in 1895
Lot Details
- 3,485 Sq Ft Lot
- Zoning described as B3
Parking
- Parking Available
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Masonry
Interior Spaces
- 5,775 Sq Ft Home
- 3-Story Property
- Propane Fireplace
Additional Homes
- Guest House
Schools
- West Lenoir Elementary School
- William Lenoir Middle School
- Hibriten High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 09-1-5-4
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,150 | $323,900 | $12,500 | $311,400 |
| 2024 | $1,150 | $182,600 | $12,500 | $170,100 |
| 2023 | $598 | $94,900 | $12,500 | $82,400 |
| 2022 | $1,325 | $94,900 | $12,500 | $82,400 |
| 2021 | $1,325 | $94,900 | $12,500 | $82,400 |
| 2020 | $292 | $46,300 | $12,500 | $33,800 |
| 2019 | $292 | $46,300 | $12,500 | $33,800 |
| 2018 | $564 | $46,300 | $0 | $0 |
| 2017 | $564 | $46,300 | $0 | $0 |
| 2016 | $296 | $46,300 | $0 | $0 |
| 2015 | $666 | $46,300 | $0 | $0 |
| 2014 | $666 | $46,300 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $759,900 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $187,000 | None Available | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $424,000 | New Conventional | |
| Previous Owner | $130,900 | Future Advance Clause Open End Mortgage |
Source: High Country Association of REALTORS®
MLS Number: 257431
APN: 09-1-5-4
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