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$1,725,000
$1,900,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
49 Corban AVE SW Concord, NC 28025
14 Beds
14 Baths
9,216 SqFt
Key Details
Sold Price $1,725,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $187
MLS Listing ID 4382158
Sold Date 09/18/26
Bedrooms 14
Full Baths 14
Abv Grd Liv Area 8,016
Year Built 1927
Lot Size 0.436 Acres
Acres 0.436
Property Sub-Type Apartment
Property Description
100% occupied with a current rent roll of $186,840 per year, 49 Corban Ave is an irreplaceable 14-unit multifamily asset located in the heart of Downtown Concord. The property offers a rare combination of in-place income and meaningful upside, with room to continue increasing rents to market. Full of timeless character and tasteful updates, the property features 9 of 14 units already renovated with modern finishes, along with significant capital improvements completed by current ownership. Positioned directly adjacent to the Downtown Concord Social District and surrounded by over $200M in completed and ongoing public and private investment, 49 Corban Ave offers investors a rare opportunity to own a generational downtown corner asset with in-place cash flow and a clear path to continued NOI growth.
Location
State NC
County Cabarrus
Zoning RC
Rooms
Basement Apartment, Basement Garage Door, Basement Shop, Partially Finished, Storage Space
Interior
Heating Natural Gas, Other - See Remarks
Cooling Window Unit(s)
Appliance Electric Range, Refrigerator
Laundry None
Exterior
Garage Spaces 1.0
Roof Type Architectural Shingle,Rubber
Street Surface Asphalt,Paved
Garage true
Building
Foundation Basement
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Special Listing Condition None
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Non Member • Canopy Administration
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