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220 Basin Avenue, 
Kannapolis, NC 28083

$1,375,000

10

Beds

8

Baths

5,450

Sq Ft

Multi-Family

Active

Listed by

Logan Abrams

Realty One Group Revolution

Last updated:

May 20, 2026, 01:25 PM

MLS#

4370322

Source:

CH

About This Home

220 Basin Avenue

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!

Home Facts

Multi-Family

8 Baths

10 Bedrooms

Built in 1940

Price Summary

1,375,000

$252 per Sq. Ft.

MLS #:

4370322

Last Updated:

May 20, 2026, 01:25 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

5,450 Sq. Ft.

Structure

Structure

Building Area:

5,450 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

65,340

Finances & Disclosures

Finances

Price:

$1,375,000

Price per Sq. Ft:

$252 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.