#1179816, Corbin Shook, Listing office: Homes of the Triad, LLC

101 5th Ave Lexington, NC 27292
Property details
About 101 5th Ave
Incredible Investment Opportunity Near Downtown Lexington – Duplex + Multi-Unit Potential! Unlock the potential of this unique investment property located just minutes from the heart of downtown Lexington! This rare find includes a fully-rented duplex, 1 bed and 1 bath each side, on m-t-m leases, providing immediate cash flow of $1700 a month! In addition to a second structure with the space and layout potential for up to four separate units, each with 3 beds, the plans for which have already been drawn up and included in the listing, just ready for your vision and finishing touches.
Highlights
Summary
- Appliances: Electric Water Heater
- Basement: Yes
- Fireplace: Den, Living Room, Primary Bedroom
- Parking: Driveway
- Heating: None, Electric
- Cooling: None
- List Price: $470,000
- Price/SqFt: $94
- Directions: Head south on I85. Turn onto N main St. turn right on W 5th Ave, house is on the left.
- Year Built: 1900
- Living Area: 4,985 SqFt
- Lot Size: 1.3 Acres
- MLS Number: 1178603
- MLS Name: Triad MLS
- Office Name: Mark Spain Real Estate
- Office Phone: (855) 299-7653
- Listing Agent: James Kirchner
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Last updated on: 7/20/2025, 10:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
6
Charles England Elementary School
Public District 1-5
1.2 mi
•111 Cornelia St
5
Southwest Elementary School
Public District 1-5
1.2 mi
•434 Central Ave
6
Pickett Elementary School
Public District KG-5
1.7 mi
•200 Biesecker Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,250. The most common annual income of people living in Lexington, NC is less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 101 5th Ave
The listing price of 101 5th Ave property is $470,000.
The property 101 5th Ave is a house located in Lexington, North Carolina, 27292.
Active Listing: 101 5th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 101 5th Ave are: Charles England Elementary School (GreatSchools Rating 6/10), Southwest Elementary School (GreatSchools Rating 5/10), Pickett Elementary School (GreatSchools Rating 6/10), Lexington Middle School (GreatSchools Rating 3/10), Central Davidson Middle School (GreatSchools Rating 3/10), Tyro Middle School (GreatSchools Rating 7/10), Lexington Senior High School (GreatSchools Rating 4/10), Yadkin Valley Regional Career Academy (GreatSchools Rating 7/10), Davidson County High School (GreatSchools Rating 2/10).
The property at 101 5th Ave has 0 bedroom and 0 bathroom.
The property 101 5th Ave is 4,985 SqFt (source: MLS/tax record).
The year of construction for 101 5th Ave is 1900.
This home is located at 101 5th Ave in Lexington, NC and zip code 27292. This 4,985 square foot home, which was built in 1900, sits on a 1.30 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $470,000.
In June 2025 more than 20 listings in Lexington, NC were sold above the asking price. During the same period more than 31 listings were sold at asking price, while more than 57 were sold below. The inventory of homes for sale in Lexington, NC between May and June 2025 decreased by 0.9%. Listings spent 40 days on the market in June 2025, and had a median list price of $295,000 during the same period.