Investment Properties for Sale in Spencer, NC

1 result

0 listings scored
Property at 101/103 Baldwin, Spencer, NC 28159
1 / 10
Active
Price

$448,900

101/103 Baldwin, Spencer, NC 28159

6 bds
|
5 ba
|
2610 sqft
MLS® CAR4405982Duplex
RJR Real Estate Group, Inc - Brett Metcalf

Estimates — not financial advice

This is a property-search tool for investors. Any financial figures shown are illustrative estimates — not an appraisal, guarantee, or investment advice. Verify independently and consult your own advisors.

Investing in Spencer, NC: income properties at a glance

There are 1 multi-family and income properties for sale in Spencer, NC right now. Each listing above is scored for estimated cap rate, cash flow and gross rent multiplier, using MLS-reported rents where the listing has them and HUD Small Area Fair Market Rents where it doesn't.

Income properties for sale
1
Median list price
$448,900

Among the 1 listings shown above

Median price per unit
$224,450

1 listings with a known unit count

Unit mix

  • 2-family: 1

Returns are estimated at 25% down, a 7% 30-year mortgage, 20% operating expenses and 5% vacancy. Adjust the assumptions above to underwrite your own deal.

All homes for sale in Spencer, NC

Brokerage Information

Armstead Realty Group

52A Ervin Street, Belmont, NC, 28012

(704) 794-2975

Market Area Served

Charlotte, Cramerton, McAdenville, Lowell, Dallas, Lake Wylie, Mount Holly, Pineville, Fort Mill, Monroe, Tega Cay, Harrisburg, Gastonia, Concord, Huntersville, Belmont and many more.

Listings courtesy of Canopy MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of Oct 12, 2026, 10:37 PM EDT. 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.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed by MLS GRID. Use of it may be subject to an end user license agreement prescribed by the MLS.

Properties displayed may be listed or sold by various participants in the MLS.

Some IDX listings have been excluded from this website.

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Armstead Realty Group

Armstead Realty Group is a Charlotte, NC real estate team helping buyers and sellers with finance-driven strategy, a 5% listing fee, and English, Spanish, and Tagalog service.

Contact

Brokerage

Armstead Realty Group

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