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319 Connelly Springs Road SW Lenoir, NC 28645

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Bed: 8
Bath: 4
1/2 Bath: 4
Acreage: 0.51

$750,000

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Community: Lenoir in Caldwell County

8 bed
4 bath
4 1/2 bath
0.51 acres

Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas. Each commercial space is approximately 1,500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony. One unit is currently rented fully furnished on a short-term basis. Current total rental income is $7,150 per month. Operating expenses include taxes, insurance, lawn maintenance, exterior lighting, water, and property management. Listing agent is also the property manager. No interior showings until under contract. List of improvements and expenses available upon request.

Presented by:
Judith Sullivan at Raccoon Realty LLC
Listed by:
Raccoon Realty LLC

Attribution: 828-729-1976
Original Listing Price: 750,000
MLS #: ‍4423516
Listing Status: Active
Days on Market: 25
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2026-10-12 at 8:00PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Property Features

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Basement/Foundation: Slab
Water: City
Year Built: 1970
Style: Other
Roof: Rubber
Sewer: Public Sewer
Exterior Features: Lawn Maintenance
Floors: Vinyl,Other - See Remarks
Lot Description: Paved,Other - See Remarks
Garage/Carport: Parking Lot,Parking Space(s)
Cooling: Central Air,Electric,Heat Pump,Window Unit(s)
Heating/Cooling: Baseboard,Central,Electric,Heat Pump,Other - See Remarks

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Schools

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  • High School: Hibriten
  • Middle School: William Lenoir
  • Elementary School: Whitnel
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