This is a completely renovated building that offers 17 units just a couple blocks from downtown Rutherfordton. There are biking/walking trails between downtown and the complex offering a lovely setting for tenants. All units have 1 bedroom and 1 full bath and laundry hook ups inside. The complex has been easy to rent and our property management firm would love to stay on board with the new owner. Each unit currently leases for $995 month. Each tenant pays their own power bill. Tenants pay $50 month for water, trash and sewer. This is an easy add to your portfolio as things are running well in the complex and everything was just renovated.
Closed
$2,000,000
198 Cowan St, Rutherfordton, NC 28139
2beds
10,216sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$196/sqft
$1,045 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,045/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 07:21am
Listing Provided by:
Aaron Kraft aaron@houseinorderpm.com,
House In Order, LLC
Bought with:
Non Member
Canopy Administration
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4329997
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 17
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Dishwasher, Electric Range, Microwave, Refrigerator
- Laundry: Laundry Room, Main Level
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 10,216
- Total interior livable area: 10,216 sqft
- Finished area above ground: 10,216
- Finished area below ground: 0
Property
Parking
- Total spaces: 38
- Parking features: Parking Lot, Parking Space(s)
- Details: There are 38 parking total spaces in upper lot and lower lot.
Features
- Stories: 1
- Has view: Yes
- View description: City
Lot
- Size: 0.89 Acres
Details
- Parcel number: 1203720
- Zoning: R2
- Special conditions: Subject to Lease,None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hardboard Siding
- Foundation: Slab
- Roof: Rubber
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Other - See Remarks
Community & neighborhood
Location
- Region: Rutherfordton
Other
Other facts
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Sold | $2,000,000-9.1%$196/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4329997 Report a problem | ||
| 1/1/2026 | Pending sale | $2,200,000$215/sqft |
Source: Canopy MLS as distributed by MLS GRID #4329997 Report a problem | ||
| 12/17/2025 | Listed for sale | $2,200,000-3.9%$215/sqft |
Source: Canopy MLS as distributed by MLS GRID #4329997 Report a problem | ||
| 9/20/2024 | Listing removed | $2,290,000$224/sqft |
Source: Canopy MLS as distributed by MLS GRID #4143992 Report a problem | ||
| 9/10/2024 | Price change | $2,290,000-13.6%$224/sqft |
Source: Canopy MLS as distributed by MLS GRID #4143992 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $133,600 |
| 2024 | $1,260 +0.8% | $133,600 |
| 2023 | $1,250 -8.8% | $133,600 +17.1% |
Find assessor info on the county website
Neighborhood: 28139
Nearby schools
GreatSchools rating
- 4/10Rutherfordton Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 4/10R-S Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10R-S Central High SchoolGrades: 9-12Distance: 2.5 mi