Single Family Residence at 515 E Torbush Drive, Salisbury
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Bedroom #1 - 515 E Torbush Drive, Salisbury
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Bedroom #2 - 515 E Torbush Drive, Salisbury
Mudroom/Laundry - 515 E Torbush Drive, Salisbury
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28 photos

$140,000

515 E Torbush Drive
Salisbury, NC 28144
Listed by Octavia Arthur · Arthur Realty LLC
Bedrooms
2
Bathrooms
1
Living area
780 sqft
Year built
1950

About this home

Investment opportunity in the growing Town of East Spencer! This 2 bedroom, 1 bath home is being sold with the adjacent lot, totaling 2.7 acres of land. The property offers potential for renovation, rental, resale, or future development. A versatile opportunity for investors looking to expand their portfolio and capitalize on the possibilities of the additional acreage. New survey completed for both parcels.

Property details

MLS
Canopy MLS
MLS #
CAR4432542
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
1
On market date
October 9, 2026
Stories
N/A
Total bathrooms
1
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
Dole Elementary
0.73 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
390
Student:teacher ratio
13.4:1
District
Rowan-Salisbury Schools
Middle
North Rowan Middle
1.54 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
476
Student:teacher ratio
15.4:1
District
Rowan-Salisbury Schools
High
North Rowan High
1.19 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
559
Student:teacher ratio
14.7:1
District
Rowan-Salisbury Schools

Walkability

Blended score for Salisbury'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).

51
Somewhat walkable
out of 100
EPA National Walkability Index
4.5 / 20 -- Least walkable
Google Places amenity density
93 / 100
Restaurants & cafes11
Grocery stores5
Parks5
Schools5
Transit stops20
Pharmacies1

Market position

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

On the market 1 days -- 97 fewer days than Salisbury's current average of 98 days.
For reference, the median list price across 580 active listings in Salisbury right now is $315,000.

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
$993/mo
$28,000 down
$112,000 loan
Principal & interest$726
Property tax (est.)$117
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 7 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.