102 King Henry Lane, Granite Falls, NC
$1,250,000 · 17 bedrooms · 9,071 sq ft · built 1999
Listing courtesy of Baker Realty (Lisa Starnes). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Investment Opportunity in Granite Falls! This eight-unit apartment complex offers an excellent opportunity for investors seeking an income-producing property with all units currently leased. The complex consists of seven two-bedroom, 1.5-bath units and one three-bedroom, 2.5-bath unit (Unit 116). Unit 116 features a spacious main level with a living room, kitchen, pantry, half bath, sunroom, laundry room, single-car garage, and single-car carport. The upper level includes a primary bedroom with a large ensuite bathroom and spacious walk-in closet, along with two additional bedrooms that share a hall bathroom. The remaining seven units feature a living room, kitchen, half bath, patio, and utility room on the main level. The upper level offers two bedrooms, a full hall bathroom, and a laundry closet. Each unit's kitchen is equipped with a refrigerator, range, microwave, and dishwasher. Washers and dryers are not included and are the tenants' responsibility. Water, sewer, and electric services are provided through the Town of Granite Falls, with tenants responsible for all utility costs. Flooring throughout the units consists of a combination of carpet, tile, and vinyl in various areas. All eight units are currently leased/rented, providing an established rental income stream. Please do not disturb the tenants. Showings will be limited to serious and qualified investors.
Price in context
- Asking $138 per square foot.
- That is 39% below the $226 median across 6 active $1.5M+ homes in Granite Falls.
- 2nd highest asking price of 6 active $1.5M+ homes in Granite Falls.
- Largest by living area of the 6 with a recorded size.
- No price changes since it was listed.
- 16 days on the market, listed 2026-09-13.
- County tax assessment $826,100; the asking price is 1.51× the assessed value.
Location
Straight-line distances
- Charlotte Douglas International Airport: 49.4 mi
- Wilson Air Center (private aviation, CLT): 50.1 mi
- Uptown Charlotte: 52.1 mi
- Charlotte Country Club: 54.5 mi
- SouthPark Mall: 56.5 mi
- Quail Hollow Club: 58.4 mi
Assigned schools
- Elementary: Granite Falls
- Middle: Granite Falls
- High: South Caldwell
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Traditional
- Construction
- Brick Partial, Vinyl
- Bathrooms
- 9 full, 8 half
- Flooring
- Carpet, Tile, Vinyl
- Kitchen & appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Heating
- Electric
- Cooling
- Central Air
- Garage
- 1 spaces
- Parking
- Assigned, Other - See Remarks
- County
- Caldwell
Comparable homes on the market
- 18 Berkley Avenue, Granite Falls — $1,350,000, 22 bd, 8,202 sq ft, 0.8 mi away
- 3038 Jumping Run, Connelly Springs — $1,250,000, 1.2 mi away
- 3012 Jumping Run, Connelly Springs — $1,300,000, 4 bd, 2,694 sq ft, 1.2 mi away
- 2199 Castle Peak Mountain, Connelly Springs — $1,099,000, 4 bd, 2,721 sq ft, 1.4 mi away
- 1487 Cordova Drive, Connelly Springs — $1,299,999, 5 bd, 3,900 sq ft, 2.2 mi away
- 2371 W Paradise Harbor Drive, Connelly Springs — $1,134,000, 4 bd, 4,741 sq ft, 2.6 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.