Historic, Income Potential
1926 Rocky Mount House on Half-Acre Corner Lot — $110,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1926 build, 0.43-acre corner lot, fenced yard, front porch, rental potential noted |
| Condition | 25% | 5 | "Little TLC" language suggests cosmetic work needed; no system dates provided |
| Price / Sq Ft | 15% | 7 | Listing $94/sqft vs zip median $127/sqft — ~26% below; 7 comps, directional signal |
| Price vs. Market | 5% | 6 | $110K vs $211,938 median — ~48% below zip median; solid discount |
| Market Conditions | 5% | 6 | 39.6% price drops and 65 DOM signal buyer's market; sale-to-list 96.7% mild |
The lot is what stops you first. Nearly half an acre on a corner in Rocky Mount, fenced backyard, front porch running the width of the house. At $110,000, you are buying a 1926 three-bedroom with 1,176 square feet and land to go with it — the kind of combination that has mostly disappeared at this price point anywhere in North Carolina.
The house is almost a century old, which means it has seen things, and it shows. The agent's phrase "little TLC" is doing some work there. No system dates are listed — no mention of when the roof was done, the HVAC, the water heater — so you go in assuming those questions need answering before you close. Could be cosmetic, could be more. You need to look with your eyes open.
What the age also means is that the bones of the place predate the era of cheap construction. 1926 houses in this part of the South were built to sit. Wide front porches, real wood, walls with some weight to them. Whether this one has been maintained or deferred is what the inspection will tell you, but the structure at this age in this part of the country is rarely the problem.
The fenced backyard on 0.43 acres is a lot of yard. More than most people have, more than most rentals offer. If you are buying this as an investment, the rental projection sits at $1,250 a month, which on a $110,000 purchase with a conventional loan puts the math in a range worth running. Rocky Mount's market has softened — 39.6% of listings have seen price cuts and homes are sitting 65 days on average — which is part of why this one is priced where it is.
At $94 per square foot against a zip median of $127, the discount is real. The market is slow, the house needs work, and the price reflects both. What it also reflects is a corner lot, a big fenced yard, a porch, and a 98-year-old house in a city where you can still buy something for $110,000.
