115 Riverside Court
About This Property
Blending charm with modern conveniences, this home is perfect for growing families, multigenerational households, or anyone who appreciates historic character paired with contemporary functionality. Easy walk to downtown Morganton shops, restaurants and entertainment. Located between Charlotte and Asheville, Morganton is a quaint small town with charm & character.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$695,000
↓ $100K
(12.6%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Engel & Volkers Foothills Lake James | $795,000 | |
| Listed by Engel & Volkers Foothills Lake James | |||
| Feb 3, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017