$1,250,000
220 Basin Avenue
Kannapolis, NC, 28083
Pick up a great portfolio consisting of 8 units, 5 homes (3 duplex, 2 SFR) in the rapidly appreciating market of downtown Kannapolis, all on the same block! The nhood features several new construction homes and rising rents. This portfolio represents over an 8% CAP rate which is hard to find, especially when so much of the work has already been done and over 60% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 4/5 of the homes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants who are backed & guaranteed by a community health program providing very stable rental income. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
Listing Provided Courtesy of Logan Abrams
Property Details
Price:
$1,250,000
MLS #:
CAR4370322
Status:
Active
Beds:
10
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Listed Date:
Apr 15, 2026
Finished Sq Ft:
6,750
Total Sq Ft:
6,750
Lot Size:
65,340 sqft / 1.50 acres (approx)
Year Built:
1940
Units:
8
Schools
Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
Interior
Above Grade Finished Area
6750
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
Bathrooms
8 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air, Electric, Varies by Unit
Heating
Baseboard, Central, Other – See Remarks
Laundry Features
In Kitchen
Exterior
Construction Materials
Hardboard Siding, Vinyl, Wood
Parking Features
Driveway
Financial
The mission of Dupont Real Estate is to provide professional representation to buyers and sellers in their real estate transactions to make the emotional and important transaction into a pleasant and smooth experience. We have over 40 years of combined business and real estate-related experience. We are full of energy, love challenges, and take pride in meeting all our clients’ time constraints. The proof of our success is the number of past clients who are the foundation of our business. Ou…
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Current real estate data for Multi Family in Kannapolis as of Sep 22, 2026
8
Multi Family Listed
117
Avg DOM
196
Avg $ / SqFt
$532,363
Avg List Price
Community
- Address220 Basin Avenue Kannapolis NC
- CityKannapolis
- CountyCabarrus
- Zip Code28083
Subdivisions in Kannapolis
- Alexander Heights
- Allison Lane
- Azalea Estates
- Bellevue
- Berkshire
- Blackwelder Park
- Brantley Creek
- Brantley Woods
- Brantly Woods
- Breckenridge
- Briarcliff
- Brookdale
- Canebreak Ridge
- Cannon Manor
- Carolina Air Park
- Carriage House
- Central Park
- Cherry Grove
- Concord Lakes Townhomes
- Country Knoll
- Cripple Creek
- Dakota Woods
- Dixie Park
- Dove Field
- Downtown
- East Lake View
- East Village
- Elizabeth Oaks
- Elmwood
- Emerson Glen
- Fisher Springs
- Forest Ridge
- Forest View
- Franklin Heights
- Georgetown Crossing
- Harbour Towne
- Hedgecliff Townes
- Highland Woods
- HO Archer
- Jackson Park
- Kannapolis
- Kellswater Bridge
- Kentwood
- Lakeview Heights
- Lantern Green
- Laurel Park
- Magnolia
- Mallard Pointe
- Manchester Place
- Mission Hills
- Mitchell Glen
- Monarch Meadows
- Murry Hills
- Newman Manor
- Peacewood
- Pennant Square
- Pickwick
- Pine Creek
- Princeton Park
- Private Acres
- Quail Meadows
- Roberts Family
- Rogers Court
- Rose Hill
- Royal Oaks
- Salem Creek
- Settlers Ridge
- Shady Brook
- Shady Haven
- Sherwood Forest
- Sidneys Grove
- Spud Valley
- Stonewyck
- Summerlyn Village
- Tanglewood
- The Colony
- The Falls
- Timber Creek
- Trinity crossing
- Washington Heights
- Waterside Landing
- West Oaks
- Westlake
- Westover
- Whispering Winds
- Wildwood Estates
- Windsor
- Woodmoore
Similar Listings Nearby
Property Summary
- 220 Basin Avenue Kannapolis NC is a Multi Family for sale in Kannapolis, NC, 28083. It is listed for $1,250,000 To schedule a showing of MLS#car4370322 at 220 Basin Avenue in Kannapolis, NC, contact your Dupont Real Estate agent at 704-506-8816.
220 Basin Avenue
Kannapolis, NC