$299,900

616 N Mebane St Burlington, NC 27217

East Burlington Neighborhood

Estimated payment $1,890/month

Total Views 26,393
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

An amazing opportunity awaits the discerning investor buyer looking for a quadruplex with a great location. Home could certainly be converted back into a single family home again, if desired, but do note each unit is metered separately presently. All 4 units are rented to separate tenants so Buyers will need a LOI/POF to schedule a showing and plenty of advance notice. Monthly rental income is as follows: Unit 1 $850; Unit 2 $650; Unit 3 $800; Unit 4 $750 and all units are leased on a Month-to-Month basis.

Listing Agent

Bryan Guarnieri

COLDWELL BANKER - HP&W License #299470 Listed on: 03/02/2025

COLDWELL BANKER - HP&W

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,752

Year Built

  • Built in 1950

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 80 x 162 x 83 x 165

Parking

  • Gravel Driveway

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property

Schools

  • Broadview Middle School
  • Hugh M. Cummings High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 136950
  • 0% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,752

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.306
  • Lot Size: 80 x 162 x 83 x 165
  • Subdivision Name: None
  • Directions: From I-40W take exit 145 for NC-49 toward Burlington/Downtown/Liberty; Use the right 2 lanes to turn right on NC-49 N/State Hwy 49 N/Maple Ave; Continue to follow Maple Ave; Pass by KFC (on the rt); Turn right on S Mebane St; Destination will be on the lt
  • Architectural Style: Two Story
  • Year Built: 1950
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: VirtualTour

Interior Features

  • Basement YN: No

Exterior Features

  • Lot Features: City Lot
  • Pool Features: None
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: Multiple Systems
  • Heating: Multiple Systems, See Remarks
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Remarks
  • Water Heater: Unknown

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Eastlawn
  • High School: Hugh M. Cummings
  • Middle Or Junior School: Broadview

Lot Info

  • Parcel #: 136950
  • Zoning: R 9
  • TRIADMLS_PricePerAcre: 980065.3595
  • TRIADMLS_DeedPage: 117
  • TRIADMLS_DeedBook: 3501

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 4

Tax Info

  • Tax Annual Amount: 2751.96
  • Tax Lot: 32
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 0.0095

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $1,355 $288,890 $15,000 $273,890
2023 $1,248 $288,890 $15,000 $273,890
2022 $1,469 $118,378 $15,000 $103,378
2021 $1,481 $118,378 $15,000 $103,378
2020 $1,493 $118,378 $15,000 $103,378
2019 $1,497 $118,378 $15,000 $103,378
2018 $704 $118,378 $15,000 $103,378
2017 $1,394 $118,378 $15,000 $103,378
2016 $1,577 $135,933 $15,000 $120,933
2015 $784 $135,933 $15,000 $120,933
2014 -- $135,933 $15,000 $120,933
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2025 03/02/25 For Sale $299,900 -- $91 / Sq Ft
Source: Triad MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $61,000 None Listed On Document
Warranty Deed $73,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $430,950 Future Advance Clause Open End Mortgage
Previous Owner $160,000 Future Advance Clause Open End Mortgage
Previous Owner $70,000 Commercial
Source: Public Records

Similar Home in Burlington, NC

  • 616 N Mebane St, Burlington, NC 27217

    $299,900

    • 10 Beds
    • 4 Baths
    • 3,286 Sq Ft
    • 616 N Mebane St
    • Burlington, NC

    An amazing opportunity awaits the discerning investor buyer looking for a quadruplex with a great location. Home could certainly be converted back into a single family home again, if desired, but do note each unit is metered separately presently. No showings as all 4 units are rented to separate tenants so will need a LOI/POF to schedule and plenty of advance notice. Monthly rental income is as

    Bryan Guarnieri Coldwell Banker HPW

    Section Image
See All Homes in Burlington

Source: Triad MLS

MLS Number: 1172004

Triad MLS

APN: 136950

North Carolina Alamance County Burlington 27217 East Burlington

616 N Mebane St, Burlington, NC

This home is located at 616 N Mebane St, Burlington, NC 27217 and is currently priced at $299,900. This property was built in 1950. 616 N Mebane St is a home located in Alamance County with nearby schools including Eastlawn Elementary School, Broadview Middle School, and Hugh M. Cummings High School.

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Bryan Guarnieri
Listing Agent
Bryan Guarnieri
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COLDWELL BANKER - HP&W
(336) 234-2814