Single Family Residence at 309 Morgan Street, Wadesboro
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$478,888

309 Morgan Street
Wadesboro, NC 28170
Listed by Drew Tatum · COMPASS
Bedrooms
8
Bathrooms
8
Living area
5,093 sqft
Year built
1890

About this home

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

MLS
Canopy MLS
MLS #
CAR4356330
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
175
On market date
March 19, 2026
Stories
N/A
Total bathrooms
8
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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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
Wadesboro Elementary
0.2 mi away · Grades 4-5
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
141
Student:teacher ratio
15.7:1
District
Anson County Schools
Middle
Anson Middle
1.74 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
1.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
726
Student:teacher ratio
23.4:1
District
Anson County Schools
High
Anson Co. Early College High
7.83 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
226
Student:teacher ratio
20.5:1
District
Anson County Schools

Walkability

Blended score for Wadesboro'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).

37
Car-dependent
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable
Google Places amenity density
30 / 100
Restaurants & cafes0
Grocery stores1
Parks1
Schools3
Transit stops0
Pharmacies1

Market position

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

On the market 175 days -- 15 more days than Wadesboro's current average of 160 days.
For reference, the median list price across 81 active listings in Wadesboro right now is $196,000.

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
$3,034/mo
$95,778 down
$383,110 loan
Principal & interest$2,485
Property tax (est.)$399
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 21 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.