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48708 Highway 52 Highway, 
Richfield, NC 28137

$1,800,000

37

Beds

24

Baths

21,900

Sq Ft

Multi-Family

Active

Listed by

Keith Knight

Wallace Realty

Last updated:

January 10, 2026, 02:28 PM

MLS#

4293668

Source:

CH

About This Home

48708 Highway 52 Highway

12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location right on Highway 52 just outside Phifer University & near Hwy 49 with quick commute to Kannapolis, Concord, & Charlotte NC.

Home Facts

Multi-Family

24 Baths

37 Bedrooms

Built in 1969

Price Summary

1,800,000

$82 per Sq. Ft.

MLS #:

4293668

Last Updated:

January 10, 2026, 02:28 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

37

Bathrooms

Total Bathrooms:

24

Full Bathrooms:

24

Interior

Living Area:

21,900 Sq. Ft.

Structure

Structure

Building Area:

21,900 Sq. Ft.

Year Built:

1969

Lot

Lot Size (Sq. Ft):

348,480

Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$82 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.