1240 Old Liberty Road Asheboro, NC ^$ 1,250,000

1240 Old Liberty Road

^$ 1,250,000

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1240 Old Liberty Road

Asheboro, NC, 27203

^$ 1,250,000

Bedrooms12 Baths12.0

Monthly Estimate*

^$ 7,696

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Multi-Family Home for sale in Asheboro, NC

for $1,250,000 with 12 bedrooms and 12 full baths. This home was built in 1983 on a lot size of 0.94.

Turnkey 12-unit investment opportunity! The property consists of three remodeled quadplex buildings featuring 8 one-bedroom/one-bath units and 4 two-bedroom/one-bath units. Consistently occupied with strong rental demand, this asset offers immediate income potential. Roof and HVAC systems replaced in 2021. Each unit is equipped with washer and dryer connections. Gravel driveway provides easy parking, and minimal exterior maintenance or yard work keeps operating costs low - making this a smart addition to any portfolio! Don’t miss this cash-flowing opportunity!!

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,103

Style

Remarks

Lot Size

0.94

Year Built

1983

Town/City

Asheboro

County/Region

Randolph

MLS | Web ID

1209935

Features

General

Sewer Public Sewer

Heating Heat Pump Electric

Cooling Central Air

Appliances Electric Water Heater

Zoning RA6 (CZ)

Pool Features None

Year Built 1983

Property Subtype Remarks

County Randolph

Property Type Residential Income

HOA No

Status Active

Directions Take the exit for NC-49 toward Asheboro/Liberty. Turn onto North Carolina Highway 49 toward Asheboro. Turn onto Hub Morris Road. Turn left onto Old Liberty Road. Property will be on your left.

City Asheboro

Number Of Units Total 12

Listing Terms Cash Conventional

Tax Annual Amount 5103.66

Standard Status Active

Pool Y/N No

Exterior

Parking Features Gravel

Water Source Public

Lot Dimensions 0

Lot Size Acres 0.94

Interior

Laundry Features Washer/Dryer Connection

Heating Fuel Electric

Water Heater Electric

Internal Only

Street Number 1 1240

* Excluded Features

List By

Jacqueline Munoz

Listing Agent

The Hive Co Realty Llc

Broker

jackie@thehivecorealty.com

Affordability Calculator

$8,122

Per Month

Monthly Principal & Interest: $7,696
Monthly Property Taxes: $425
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Asheboro, NC

Average List Price ^$513,267

Percent of Sale Price 59%

About Asheboro, NC

25,409 Population

10% Since 2002

^$35,097 Median Income

36.74 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

584379 Elementary School

584626 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/22/2026	$1,250,000		Listed Price

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1240 Old Liberty Road, Asheboro, NC, 27203 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.94. 1240 Old Liberty Road has 12 bedrooms, 12.0 baths, and was built in 1983. The property's zip code is 27203 which is in Asheboro, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Weichert Realtors are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers.

The information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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1240 Old Liberty Road

Multi-Family Home for sale in Asheboro, NC

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