Fayetteville Brick Ranch Gets Another Price Cut, Now Listed for $120,000
A brick ranch home near downtown Fayetteville, North Carolina, has received another price reduction, bringing its current asking price down to $120,000.
Located at 1623 Gibson Street, the single-story residence was built in 1963 and offers approximately 1,178 square feet of finished living space.
The home includes three bedrooms and is currently being marketed primarily as an investment opportunity, with the listing specifically mentioning existing occupancy.
The property originally returned to the market on August 26, 2026, at $128,900.
Its first reduction came on September 9, when the asking price dropped to $124,900. Another reduction followed on September 18, bringing the property down to its current $120,000 price.
Altogether, the home has now been reduced by $8,900 from its August asking price.
At $120,000, that works out to approximately $102 per square foot.
Inside, the house features an eat-in kitchen and combined kitchen-and-dining space, creating a straightforward layout for everyday living.
The kitchen comes with a range and refrigerator already included.
Flooring throughout the residence includes a combination of hardwood, vinyl and other materials, giving portions of the home some of the character associated with its 1960s construction.
Laundry hookups for both a washer and dryer are also available.
Heating is provided through a forced-air system.
The home does not have a basement, keeping the primary living space entirely above ground.
Outside, the brick-veneer construction gives the ranch a traditional appearance.
The property occupies a corner lot, providing more open frontage than a typical interior neighborhood parcel.
There is no garage, so buyers should factor uncovered parking into their plans.
Public water and public sewer serve the residence, and no homeowners association is listed.
The property’s location may be particularly attractive to investors.
According to the seller’s description, the home sits only minutes from downtown Fayetteville and offers convenient access to local shopping, restaurants and major routes through the city.
The listing specifically presents the home as a potential addition to an existing rental portfolio or as an opportunity for a buyer interested in acquiring a property with occupancy already in place.
Prospective buyers should independently verify the current lease, rental income, tenant terms and occupancy details before making an investment decision.
The home is also being sold as-is, meaning the seller is not marketing it as a fully renovated or turnkey owner-occupied property.
Another point buyers should verify is the bathroom count. Current real-estate portals syndicating the same MLS listing do not completely agree, with some showing one full bathroom while others report two.
Because of that discrepancy, the exact bathroom configuration should be confirmed directly from the current MLS documents or during a showing.
Public records show the property previously sold for approximately $52,500 in June 2018.
Now, more than eight years later, the home is back on the market with a newly reduced asking price.
With three bedrooms, 1,178 square feet, brick construction, a corner lot and convenient access to downtown Fayetteville, 1623 Gibson Street could appeal to investors looking for a relatively affordable property with existing occupancy and a current price of $120,000.
Listed on Zillow