INNOVATE Real Estate
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
109 Herron Street - 109 Herron Street, Morganton
N/A at 109 Herron Street, Morganton, photo 13 of 37
109 A-B Herron Street - 109 Herron Street, Morganton
109 A-B Herron Street - 109 Herron Street, Morganton
109-B Herron Street - 109 Herron Street, Morganton
109-B Herron Street - 109 Herron Street, Morganton
109-B Herron Street - 109 Herron Street, Morganton
109-B Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
Attached storage area - 109 Herron Street, Morganton
Attached storage area - 109 Herron Street, Morganton
N/A at 109 Herron Street, Morganton, photo 28 of 37
N/A at 109 Herron Street, Morganton, photo 29 of 37
N/A at 109 Herron Street, Morganton, photo 30 of 37
N/A at 109 Herron Street, Morganton, photo 31 of 37
N/A at 109 Herron Street, Morganton, photo 32 of 37
N/A at 109 Herron Street, Morganton, photo 33 of 37
N/A at 109 Herron Street, Morganton, photo 34 of 37
109 Herron Street - 109 Herron Street, Morganton
109-A Herron Street - 109 Herron Street, Morganton
109-B Herron Street - 109 Herron Street, Morganton
37 photos

$349,999

109 Herron Street
Morganton, NC 28655
Listed by Joe Blumetti · Broadpoint Real Estate Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1968

About this home

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. The 1,012 Sqft. house has 2 bedrooms and 1 full bath with a basement. Unit A is 840 Sqft. with 3 bedrooms and 1 full bath. Unit B is 840 Sqft. with 1 bedroom and 1 full bath. ****Burke County GIS shows the properties as 109 Herron and 109-B Herron Street. The deeds list the properties as 109 S. College Street and 109-B S. College Street. This will be corrected at closing by the attorney.

Property details

MLS
Canopy MLS
MLS #
CAR4427595
Property type
N/A
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 27, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
5
Lot size
N/A

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Forest Hill Elementary
1.08 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
274
Student:teacher ratio
15.2:1
District
Burke County Schools
Middle
Walter R Johnson Middle
2.84 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
489
Student:teacher ratio
15.3:1
District
Burke County Schools
High
Burke Middle College
1.15 mi away · Grades 11-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
128
Student:teacher ratio
42.7:1
District
Burke County Schools

Walkability

Blended score for Morganton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

74
Walkable
out of 100
EPA National Walkability Index
11.3 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks5
Schools9
Transit stops15
Pharmacies3

Market position

How this listing compares to current activity in Morganton, from live MLS data.

On the market 0 days -- 233 fewer days than Morganton's current average of 233 days.
For reference, the median list price across 503 active listings in Morganton right now is $227,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,258/mo
$70,000 down
$279,999 loan
Principal & interest$1,816
Property tax (est.)$292
Home insurance (est.)$150

Similar homes you might like

723 E Meeting Street
New
$325,000
723 E Meeting Street
Morganton, 28655
0 days on market
Listed by Greg Shuffler, Fonta Flora Realty
108 & 0 Old Hush Puppy Avenue
$370,000
108 & 0 Old Hush Puppy Avenue
Morganton, 28655
74 days on market
Listed by Tom Johnson, Broadpoint Real Estate Group
304 S Main Street
$349,000
304 S Main Street
Morganton, 28655
158 days on market
Listed by Bryan Black, RE/MAX Southern Lifestyles
303 Old Nc 18 Highway
$299,000
303 Old Nc 18 Highway
Morganton, 28655
168 days on market
Listed by Toni Powers, The Powers Realty Group LLC
249, 250 E McDowell Street
$320,000
249, 250 E McDowell Street
Morganton, 28655
365 days on market
Listed by Liz Beach, Berkshire Hathaway HomeServices Blue Ridge REALTORS®
102 Linville Street
$399,900
102 Linville Street
Morganton, 28655
397 days on market
Listed by Jona Harrell, Berkshire Hathaway HomeServices Blue Ridge REALTORS®
0 S Sterling Street S
$300,000
0 S Sterling Street S
Morganton, 28655
446 days on market
Listed by Tom Johnson, Broadpoint Real Estate Group
307 Salem Road
$375,000
307 Salem Road
Morganton, 28655
2393 days on market
Listed by Toni Powers, The Powers Realty Group LLC

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 27 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.