Active

354555 James Drive

Marion, NC 28752

$2,500,000 $10,540/Mo

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Overview

Bed

24.0

Bath

21,015

Sqft

0.55

Acre(Lot)

Description

Exceptional Multifamily Investment Opportunity in the Heart of Marion! Great location! This 24-unit apartment complex is in close Proximity of downtown Marion, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. With strong rental demand and excellent upside potential, this property offers an outstanding opportunity for investors looking to expand their portfolio or acquire a solid income-producing asset. The property is served by city water and city sewer, adding convenience and reliability for both ownership and tenants. Offering immediate cash flow with potential for increased returns through future improvements and rent optimization, this complex is positioned to benefit from Marion’s continued growth and demand for quality r ental housing. Large multifamily properties like this rarely come to market. Whether you're seeking stable long-term income, portfolio diversification, or a value-add investment, this 24-unit complex presents a rare opportunity in a highly desirable location. Don't miss your chance to own this premier multifamily investment just steps from downtown Marion. Contact us today for additional information and financial details.

Property Details

Property Type : Residential Income

Price : $2,500,000

AD Id : 79853507

MLS Id : CAR4382367

Beds : 39

Lot Size : 0.55 Acre

Living Area Size : 21,015

Year Built : 1929

County : McDowell

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 39

Bathroom Information

Full Baths: 24

Room Information

Has Basement: Yes

Interior Features

Other - See Remarks Roof: Architectural Shingle Appliances: Electric Range, Electric Water Heater Laundry Features: Laundry Room

Roofing Information

Architectural Shingle
Flooring Information

Construction Materials: Brick Partial
Heating & Cooling

Heating: Baseboard Cooling: Window Unit(s) WaterSource: City

Building Information

Year Built: 1929
Exterior Features

Other - See Remarks Construction Materials: Brick Partial Foundation Details: Basement Road Responsibility: Publicly Maintained Road

Lot Information

Lot Dimensions: Irregular Lot Description: Green Area, Views Lot Size Area: 0.546 acre

Property Information

Property Type: Residential Income Sub Type: Apartment

Listing Price Information

Original List Price:$2500000

Tax Information

Tax Assessed Value: 519170 Parcel Number: 170107682709

Parking Information

Assigned

School Information

Elementary School: Marion Junior High School: East McDowell Senior High School: McDowell
Utility Information

Sewer: Public Sewer Water Source: City
Location Information

Subdivision: none City: Marion Direction: 1 block from Main St. From the courthouse head south on North main St. merge right on to Viewpoint Dr. Then Left on James Dr. Apartments will be on your left. No sign.

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ByOwner last updated this listing 06/06/2026 @ 18:20

MLS: CAROLINA #4382367 LISTED BY: Brandon Braswell, Realty Group 1 LLC 828-652-3797 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)