516 Cross Street, Sanford, NC 27330
McKernon Heights · Lee County
Key Facts
Description
Prime Duplex Opportunity in Historic Sanford - Invest or Owner-Occupy! Discover this beautifully renovated duplex at 516-518 Cross St, Sanford, NC 27330 - a smart choice for savvy investors or homeowners looking to live comfortably while generating rental income. Priced at just $349,500, this 1,928 sqft property on a spacious 0.25-acre lot offers incredible value in a charming historic neighborhood close to vibrant downtown Sanford. Key Features: Dual Units for Flexibility: Each side boasts 964 sqft with 2 bedrooms, 1 bathroom, and gleaming hardwood floors. Modern updates include central cooling, vinyl exterior, private rear decks, covered front porches, and a sturdy shingle roof on a crawl/raised foundation - built in 1951 but renovated for today's lifestyles. Income Potential: One unit is already leased to a reliable long-term tenant, providing immediate cash flow. The vacant side is ready for showings - perfect for owner-occupiers to move in and rent out the other half to offset your mortgage. With a Rent of $2,400/month total for both sides this could yield strong returns. Lifestyle Perks: Enjoy territorial and city views from this well-maintained gem. All appliances are included, and the location puts you steps from downtown amenities, shops, and community vibes. For Investors: Turnkey rental with one side occupied - minimal vacancy risk! Capitalize on Sanford's growing market for steady appreciation and passive income. For Owner-Occupiers: Live in one unit while renting the other. Ideal for first-time buyers, downsizers, or anyone seeking affordable housing with built-in revenue. Don't miss this versatile property. Serious inquiries only.
Property Information
Property Type
Residential
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1951
Stories
1
Living Area
1,928 sq ft
Lot Size
0.25 acres
Days on Market
102
MLS® Listing#
10150193
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Construction
Roof
Sewer
Water Source
Rooms
- Master BedroomMain
Schools
- Elementary:
- Lee - Benjamin T Bullock Elementary School
- Middle:
- Lee - West Lee Middle School
- High:
- Lee - Lee County High School
Financial Details
HOA
None
Annual Taxes
$2,063
Tax year 2025
Assessed Value
$174,100
Parcel Number
964340222400
Directions
North Horner Blvd to Cross St
Affordability Calculator
$69,900
Estimated monthly payment
$1,860/mo
Principal $279,600 · Est. interest $390,067 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sanford, NC
- $351,823
- Median Listing Price
- 65
- Median Days on Market
- 2,150
- Median Sq Ft
- $170
- Median Price / Sq Ft
- 627
- Active Listings
- This home’s price is 1% below the area median.
- Its price per sq ft is 7% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sanford, NC.
Location
Points of Interest in Sanford, NC
Showing the Sanford area map.
Nearby Schools
Lee County Schools Career and Technical Education
School · 0.4 mi away
Nicole's Nest II
School · 0.5 mi away
W B Wicker Elementary School
Elementary · 0.6 mi away
Montessori School of Sanford
Elementary · 0.7 mi away
Warren Williams School
Elementary · 0.8 mi away
Abundant Life Children's Center
School · 1.4 mi away
Lee County Schools
School · 1.5 mi away
Bragg Street Academy
School · 1.5 mi away
Lee Christian School
Secondary · 1.7 mi away
Floyd L Knight Center
School · 1.7 mi away
BT Bullock Elementary School
Elementary · 1.7 mi away
West Lee Middle School
Secondary · 1.8 mi away
J R Ingram Junior Elementary School
Elementary · 2.0 mi away
Lee County High School
Secondary · 2.4 mi away
Lee Early College
Secondary School · 2.6 mi away
Sanlee Middle School
Secondary · 3.1 mi away
Southern Lee High School
Secondary · 3.2 mi away
J. Glenn Edwards Elementary School
Elementary · 3.6 mi away
Tramway Elementary
Elementary · 3.7 mi away
East Lee Middle School
Secondary · 4.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 246 Farmhouse Court, Sanford, NC | $245,000 | 3 | 2 | 2,052 |
| 246 Farmhouse Court, Sanford, NC | $245,000 | 3 | 2 | 2,052 |
| 506 Cherry Laurel Drive, Sanford, NC | $245,490 | 3 | 3 | 1,614 |
| 340 Laforce Lane 69, Sanford, NC | $246,455 | 3 | 3 | 1,671 |
| 314 Laforce Lane 81, Sanford, NC | $246,530 | 3 | 3 | 1,671 |
| 312 Crestview Street, Sanford, NC | $248,000 | 3 | 2 | 1,074 |
Moving Cost Estimate
EXIT Agents in Sanford
Listing Courtesy: Collective Realty LLC - 7047058008
Last Updated: 2026-03-04