Seller's Agent in 2026
Daniel Fisher
Fisher Herman Realty LLC
(704) 617-3544
66 Total Sales
208 S 3rd St Albemarle, NC 28001
Albemarle Area
8
Beds
4
Baths
3,604
Sq Ft
7,501
Sq Ft Lot
Highlights
- Living Room with Fireplace
- Corner Lot
- Covered Patio or Porch
- Traditional Architecture
- No HOA
- Kitchen has a 60 inch turning radius
About This Home
As of May 2026Stabilized, high-margin 3,600sf multifamily asset in the heart of Albemarle’s Revitalized Core offers a rare combination of immediate cash flow and a zero-drag operational model. Property has no common areas, effectively eliminating the unbillable utility costs, cleaning requirements, and management friction typical of corridor-style buildings. The configuration features four 900 SF 2BR/1BA units, each with its own covered front porch, independent exterior entry and a similar layout. Every unit is separately metered for electric and water and offers a functional two-level layout with full kitchens, dining and living areas on the main floor, bedrooms and updated bath elements upstairs. Flooring is typically durable LVP or laminate with carpet on the stairs. Modern energy-efficient HVAC systems and ceiling fans keep tenant utility costs low; wood-burning fireplaces are currently sealed closed. The vinyl exterior, street parking, and minimal landscaping keep landlord maintenance negligible. Unfinished basement provides emergency egress and contains storm water control infrastructure, possible storage income, STR bike parking. Significant value-add potential exists through light cosmetic improvements and the flexible Central Business District zoning, which allows easy, by-right conversion to high-yield Short-Term Rental (STR) or Mid-Term Rental (MTR) use. The independent direct-entry layouts are perfect for contactless check-in, appealing to both occasional and corporate guests. Market data for the downtown core supports a projected STR ADR of $180–$215, offering a pathway to significantly outpace traditional long-term rents. The property is well-positioned to capture stable demand from traveling medical professionals and staff at Atrium Health Stanly, Pfeiffer University Health Sciences campus visitors, Albemarle Business Center employees, brewery tourists, and outdoor adventurers heading to Uwharrie National Forest. Guests are steps from the vibrant walkable downtown, including local shops, cafes, Brewing Company, wineries, street festivals, and art walks. Investment Highlights:
• Zoning: CBD (Central Business District) – maximum use flexibility
• Layout: Four units with individual exterior entries and no common area/operational drag.
• Infrastructure: individually metered electric and water
• Location: 100% walkable to downtown amenities & Uwharrie Brewing. In AE flood zone. Pfeiffer University, Atrium Health Stanly and the Albemarle Business Center provides a base of short, medium and long term renters
• Low Overhead: No landlord utility expense and minimized maintenance scope. Unit 208 ($950/mo rent) is currently being held vacant and is available for immediate showings. Remaining occupied units are in similar condition and available for interior inspection after accepted contract execution. This property is the cleanest, most versatile management model in the current market — perfect for the self-managed investor. Strong rental history, light cosmetic upside, and multiple income strategies (LTR, STR, or hybrid) provide both stability and significant yield potential. Come see it today.
Last Agent to Sell the Property
Fisher Herman Realty LLC Brokerage Email: Daniel@FisherHerman.com License #228185 Listed on: 03/17/2026
Co-Listed By
Fisher Herman Realty LLC Brokerage Email: Daniel@FisherHerman.com License #288375
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 7,501 Sq Ft Lot
- Lot Dimensions are 50x150
- Infill Lot
- Corner Lot
- Level Lot
Parking
- On-Street Parking
Home Design
- Traditional Architecture
- Garden Home
- Composition Roof
- Vinyl Siding
Interior Spaces
- 3,604 Sq Ft Home
- Property has 3 Levels
- Wired For Data
- Wood Burning Fireplace
- Living Room with Fireplace
- Dining Area
- Unfinished Basement
- Dirt Floor
- Attic Fan
- Storm Doors
- Electric Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Accessible Home Design
- Kitchen has a 60 inch turning radius
- Doors swing in
- Doors are 32 inches wide or more
- Flooring Modification
Eco-Friendly Details
- No or Low VOC Paint or Finish
Outdoor Features
- Access to stream, creek or river
- Covered Patio or Porch
Schools
- East Albemarle Elementary School
- Albemarle Middle School
- Albemarle High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 6548-03-33-1795
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Floorplans
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Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | Sold | $387,500 | -1.9% | $108 / Sq Ft |
| 03/17/2026 03/17/26 | For Sale | $395,000 | 0.0% | $110 / Sq Ft |
| 04/14/2025 04/14/25 | Rented | $950 | 0.0% | -- |
| 03/18/2025 03/18/25 | For Rent | $950 | +26.7% | -- |
| 06/25/2021 06/25/21 | Rented | $750 | 0.0% | -- |
| 06/01/2021 06/01/21 | For Rent | $750 | +20.0% | -- |
| 06/13/2019 06/13/19 | Rented | $625 | 0.0% | -- |
| 05/08/2019 05/08/19 | For Rent | $625 | +5.0% | -- |
| 12/28/2018 12/28/18 | Rented | $595 | 0.0% | -- |
| 11/26/2018 11/26/18 | For Rent | $595 | -- | -- |
Source: Canopy MLS
Agents Affiliated with this Home
-
Daniel Fisher
-
Rebecca Fisher
R
Seller Co-Listing Agent in 2026
Rebecca Fisher
Fisher Herman Realty LLC
(704) 544-5643
26 Total Sales
-
Angela Abbatiello
Buyer's Agent in 2026
Angela Abbatiello
Wilson Realty
(704) 622-8143
122 Total Sales
-
Dottie Ciarrocchi
D
Seller's Agent in 2025
Dottie Ciarrocchi
T. R. Lawing Realty, Inc.
(704) 414-2000
4 Total Sales
-
C
Seller's Agent in 2021
Caroline Bitter
Carolina United Realty LLC
-
R
Seller Co-Listing Agent in 2021
Richard Weaver
Carolina United Realty LLC
Map
Source: Canopy MLS
MLS Number: 4358248
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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