Salisbury · Salisbury, NC
301 N Fulton Street
Salisbury, NC · 2,900 sqft
$490,000
- 4Beds
- 4Baths
- 2,900SqFt
- 1953Year
- 1Days on market
About this home
Rare opportunity in the heart of Salisbury! This versatile property features four distinct living spaces, offering immediate cash flow with significant value-add potential. Originally constructed as a single-family residence, it has been reconfigured to accommodate a large multigenerational family, a thriving rental portfolio, or a live-work setup.
Two Full Units: Each features a spacious 1BR/1BA layout with full kitchens and a large living area.
Two Efficiency Studio Units: Each offers a 1BR/1BA setup with a convenient kitchenette—perfect for traveling nurses, short-term rentals, or quiet professional office suites.
Expansion Potential: The walk-out basement features full-sized windows and private exterior doors, ready to be finished into a 5th income-producing unit.
Whether you want to house-hack, host a multi-generational family, or maximize your rental yield, this property offers incredible flexibility. Bring your vision and explore the massive potential!
Property details
- Beds
- 4
- Baths
- 4
- SqFt
- 2,900
- Lot
- —
- Year built
- 1953
- Type
- Single Family
- Days on market
- 1
- Heating
- Central, Heat Pump
- Cooling
- Central Air
- Foundation
- Basement
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,606/ month
- Principal & interest
- $3,034
- Property tax (~1.05%)
- $428
- Homeowners insurance
- $142
- HOA dues
- —
Down payment
$24,500 down · $465,500 financed
Income to qualify (28% rule)
~$154,559 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.