Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.
Property Details
- Cooling
- Ceiling Fan(s), Wall Unit(s)
- Heating
- Wall Furnace
- Cooling Features
- Ceiling Fan(s), Wall Unit(s)
- Bedrooms
- 8
- Bathrooms
- 8.0
- Full Baths
- 8
- Stories
- 2
- Acres
- 0.0
- Square Feet
- 5093.0
- Lot Size (sqft)
- 0.39
- Parking Features
- Driveway, Parking Lot
- Parking Type
- Driveway
- Property Type
- Purchase
- Year Built
- 1890
- Foundation
- Crawl Space
- Sewer Information
- Public Sewer
- Utility Source
- City
- Appliances
- Electric Water Heater
- Elementary School
- Wadesboro Primary
- Middle School
- Anson Middle
- High School
- Anson Early College
- County
- Anson
- Region
- Wadesboro
- Original List Price
- $499,000
- Days on Market (Cumulative)
- 167
- Pets
- Conditional
- MLS #
- 4356330
- Property Subtype
- Single Family Residence
- Parcel Number
- 6474-15-63-4927-00
- MLS #
- 4356330
- Date Listed
- March 19, 2026
- Address
- 309 Morgan Street
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-09-02T21:34:05Z. 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.
Provided By
Listed by Drew Tatum (#CAR83481)
Listing Office: COMPASS (#CARR00287)
