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109 Herron Street, 
Morganton, NC 28655

$349,999


Bed


Bath


2,692

Sq Ft


Multi-Family

Active

Listed by

Joe Blumetti

Broadpoint Real Estate Group

Last updated:

September 20, 2026, 01:28 PM

MLS#

4425386

Source:

CH

About This Home

109 Herron Street

Unique investment opportunity located just 2 blocks from Downtown Morganton!! A single-family home along with a separate 2-unit apartment building is being sold together on the same lot for $349,999. All three units are occupied by long-term tenants, providing established rental income from day one. The single-family home currently rents for $1,350/month, while the two apartment units rent for $700/month and $800/month, for a combined rental income of $2,850/month or $34,200 annually. Additionally, there is an attached 480 Sqft. storage area/workshop which could be leased for additional income or possibly turned into additional living space. The location adds to the appeal of tenants with nearby access to a library, a movie theater, parks, walking trails, convenience stores, and Downtown Morganton where you’ll find an array of restaurants, bars, shops, and professional services. In addition, Burke Co. has been coined “Nature’s Playground” because of the State Parks/Trails & the thousands of acres of the Pisgah National Forest. This property is in a key location to access all the adventures the area has to offer plus it is only a five-minute drive to Exit 105 on I-40. The property combines current cash flow with location-driven tenant demand. Don’t miss out on this Morganton multifamily investment opportunity. Call today to schedule your private tour and learn more about this income-producing asset. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS BY APPOINTMENT ONLY. The prospective buyer or buyer’s agent must provide either written proof of funds sufficient to demonstrate the buyer’s ability to purchase the property or a current lender pre-approval letter for financing.

Home Facts

Multi-Family

Built in 1907

Price Summary

349,999

$130 per Sq. Ft.

MLS #:

4425386

Last Updated:

September 20, 2026, 01:28 PM


Rooms & Interior

Interior

Living Area:

2,692 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,692 Sq. Ft.

Year Built:

1907


Lot

Lot Size (Sq. Ft):

10,018


Finances & Disclosures

Finances

Price:

$349,999

Price per Sq. Ft:

$130 per Sq. Ft.

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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.