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$239,900

Morganton, NC 28655
Listed by Freddy Karmatz · FK and Associates Real Estate Firm
Bedrooms
5
Bathrooms
2
Living area
1,307 sqft
Year built
1930

About this home

Income-Producing Investment Opportunity – Motivated Seller Income-producing opportunity at 522 W Concord St, Morganton, NC featuring 5 bedrooms and 2 full bathrooms with long-term tenants in place for approximately 10 years. This property offers immediate rental income and presents an excellent addition to any investor’s portfolio. Currently rented for $2,100 per month, this property stands out due to the large 5-bedroom layout, offering flexibility and strong rental appeal compared to typical smaller rental properties. The value is in the size and bedroom count, providing long-term potential for sustained tenant demand. With stable tenancy already in place, this property is well-suited for investors seeking a reliable buy-and-hold opportunity. Conveniently located near local amenities, shopping, and major roadways, this property offers continued rental appeal in the Morganton area. Close to School for Math and Science, I40, Walmart Shopping Center, Gas Station, Grocery Store, Day School and Elementary.

Highlights

Fireplace

Property details

MLS #
CAR4369866
Property type
Single Family Residence
Subdivision
none
Status
Active
Days on market
46
On market date
May 11, 2026
Stories
N/A
Garage spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Forest Hill Elementary
0.55 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
3.01 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
0.95 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

Mortgage calculator

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Est. monthly payment
$1,595/mo
$47,980 down
$191,920 loan
Principal & interest$1,245
Property tax (est.)$200
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 26, 2026.

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.