$360,000
SOLD JUN 4, 2025
8 Beds
4 Baths
3,362 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

15% Below List Price

159 Days on Market

Highlights

  • Transitional Architecture
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • No HOA
  • Painted or Stained Flooring
  • Washer and Dryer

About This Home

As of June 2025

AMAZING opportunity to own a 4-plex in the heart of Burlington. Just 1.1 miles from I-40 and restaurants, this 4-plex will be extremely easy to rent for years to come! Currently 3 occupied, instant cashflow potential. All units recently renovated in past 8 years. All units have their own water & electric meters. Live in the vacant unit and have your renters make your mortgage payment. The units share a large parking area with plenty of room for all. There are a ton of unique & attractive features about this property. Don't miss this great opportunity for passive income & book your showing today!

Last Agent to Sell the Property

Peter Greijn

Referral Realty US LLC Brokerage Email: peter@referralrealtygrp.com License #160822 Listed on: 01/07/2025

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $417

Year Built

  • Built in 1901

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 59x155
  • Cleared Lot

Home Design

  • Quadruplex
  • Transitional Architecture
  • Brick Foundation
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 3,362 Sq Ft Home
  • 2-Story Property
  • Range

Flooring

  • Painted or Stained Flooring
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • 6 Open Parking Spaces
  • Parking Lot

Schools

  • Harvey R Newlin Elementary School
  • Graham Middle School
  • Graham High School

Additional Features

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, grounds care, HVAC maintenance, taxes
  • Assessor Parcel Number 136394

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$417

Year Built

Built in 1901

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Year Built: 1901
  • Prop. Type: Residential Income
  • Attribution Contact: peter@referralrealtygrp.com
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 3362.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Lot Size Dimensions: 59x155
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Levels Two: Yes
  • Lot Features Partially Cleared: Yes
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Remarks and Miscellaneous Syndication Remarks2: AMAZING opportunity to own a 4-plex in the heart of Burlington. Just 1.1 miles from I-40 and restaurants, this 4-plex will be extremely easy to rent for years to come! Currently 3 occupied, instant cashflow potential. All units recently renovated in past 8 years. All units have their own water & electric meters. Live in the vacant unit and have your renters make your mortgage payment. The units share a large parking area with plenty of room for all. There are a ton of unique & attractive features about this property. Don't miss this great opportunity for passive income & book your showing today!
  • Flooring Laminate: Yes
  • Foundation Details Block3: Yes
  • Foundation Details BrickMortar: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 3362.0
  • General Property Information Carport YN: No
  • Disclosures Lead Based Paint: Yes
  • Structure Type Multi Family: Yes
  • General Property Information Number Of Units Total3: 4.0
  • General Property Information Lot Size Square Feet2: 9147.6
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.21
  • Structure Type Quadruplex: Yes
  • General Property Information Stories2: 2
  • Flooring PaintedStained: Yes
  • General Property Information:Living Area3: 3362.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Laminate, Painted/Stained, Vinyl
  • Appliances: Range, Refrigerator, Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Appliances Range: Yes
  • Appliances:WasherDryer: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.21
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Construction Type: Vinyl Siding
  • Foundation Details: Block, Brick/Mortar
  • Patio And Porch Features: Covered, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Driveway, Gravel, Parking Lot
  • Total Parking Spaces: 6.0
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Parking Lot: Yes
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Alamance - Graham
  • Middle Or Junior School: Alamance - Graham

Lot Info

  • Lot Dimensions: 59x155
  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 136394

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Month To Month
  • Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Taxes

Tax Info

  • Tax Annual Amount: 416.54
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1

MLS Schools

  • Elementary School: Alamance - Harvey R Newlin
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2025 06/04/25 Sold $360,000 -9.8% $107 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $399,000 -6.1% $119 / Sq Ft
01/07/2025 01/07/25 Price Changed $425,000 0.0% $126 / Sq Ft
01/07/2025 01/07/25 For Sale $425,000 -5.6% $126 / Sq Ft
12/22/2024 12/22/24 Pending -- -- --
10/12/2024 10/12/24 For Sale $450,000 +1025.0% $134 / Sq Ft
01/05/2016 01/05/16 Sold $40,000 -35.5% -- View Prior Sale
12/02/2015 12/02/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $62,000 -- --
Source: Doorify MLS

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 $216 $43,727 $13,074 $30,653
2024 $205 $43,727 $13,074 $30,653
2023 $398 $43,727 $13,074 $30,653
2022 $542 $43,698 $15,525 $28,173
2021 $547 $43,698 $15,525 $28,173
2020 $551 $43,698 $15,525 $28,173
2019 $552 $43,698 $15,525 $28,173
2018 $260 $43,698 $15,525 $28,173
2017 $514 $43,698 $15,525 $28,173
2016 $465 $40,061 $15,525 $24,536
2015 $231 $40,061 $15,525 $24,536
2014 -- $112,682 $15,525 $97,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10057961

Doorify MLS
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