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New
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$85,000

For Sale

21 hours ago

505 Mimosa Avenue, Morganton, NC

House

MLS® 4357887

2 Bed

1 Bath

1004 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1004 sqft
Garage No
Taxes 
Days Active 0
Lot Size 
Approx. Age 1935
Avg. Price Per Sqft $84
MLS® Number 4357887

Property Address: 505 Mimosa Avenue, Morganton, NC, 28655

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity in the Heart of Drexel! This 2-bedroom, 1-bath home offers over 1, 000 square feet of living space. It is centrally located within the town of Drexel, just minutes from local shops, restaurants, and convenient access to I-40 for an easy commute to Morganton, Hickory, and surrounding areas. This property has significant potential and would be an excellent opportunity for investors, flippers, or buyers looking to renovate and add value. Inside, you'll find original hardwood floors throughout most of the home and a functional layout that makes great use of the space. The home features two fireplaces—one in the living room and another in the kitchen—both believed to be wood-burning if uncovered, offering character and charm that could really shine with the right updates. Situated on approximately 0.77 acres, the lot is mostly cleared and relatively flat, providing plenty of room for outdoor enjoyment, gardening, or future improvements. With its convenient location, spacious lot, and solid bones, this property is ready for someone with vision to bring it back to life. Don't miss the opportunity to unlock the potential this Drexel property has to offer!
MLS® Number4357887
Laundry LevelLaundry Room
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1935
BasementDirt Floor, Interior Entry, Unfinished
DrivewayDriveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$85,000List Price

Home Appraisal

This property is estimated to sell between: $85,000 and $242,000.
Similar properties in this area sold on average for: $189,350
Expected to sell in 68 days. Similar properties sold in 68 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
505 Mimosa Avenue, Morganton, NC

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