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108 Morgan Street
About This Property
Classic brick ranch on a knoll with distant mountain views! This 3-bedroom home offers one-level living, a full basement, basement garage, two storage buildings, and a .40 acre size yard with room for a garden. Updates include replacement windows, a metal roof (2024), a 2017 heat pump, a newer water heater, and an updated walk-in shower. Bring your ideas and make this home your own!
INSIDE THE HOME:
The living room features a fireplace and wood floors ready to be refinished. Enjoy both a charming front porch and a wide, covered back porch. The kitchen features a deep ceramic double sink and a breakfast bar. The dining area has windows looking out over the front yard. The tile bathroom has a wide vanity and step in shower. City water and sewer are convenient factors.
FULL BASEMENT AND EXTRA SPACE:
The full basement has both inside and outside access, with room for cars, storage, hobbies, and projects. The basement garage allows more than one vehicle to park in tandem. A separate room is ready for your ideas-create a game room, movie room, or gathering space. This room is not included in the reported square footage. Basement laundry hookups, pantry storage, and even more useful space.
LOCATION AND OPPORTUNITY:
Canton is strategically located close enough to Asheville for work, shopping or dining... but at a much more affordable price point. Conveniently located, just a short drive from Waynesville and Asheville. Explore nearby Pisgah National Forest and the Blue Ridge Parkway for hiking, scenic drives, and outdoor adventures. Enjoy Canton's historic downtown and nearby grocery shopping.
Recently vacated by tenants, this property is ready for its next chapter. Whether you're an investor or a buyer looking for a home to update at your own pace, there is plenty of potential here. Offered AS-IS. A seller-provided home inspection is available for review. Check out 108 Morgan St in Canton, NC.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2026 | In contract | - | |
| In contract | |||
| Oct 22, 2026 | Listed by Better Homes and Gardens Real Estate Heritage | $275,000 | |
| Listed by Better Homes and Gardens Real Estate Heritage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017