- 20 beds
- 12 baths
- 10,823 sqft
- ~9 acre lot
- $77 per sqft
- 1920 build
- – on site
A rare opportunity to acquire a high-performing rental portfolio generating over $100,000 in annual rental income with a 10% CAP rate. This 8.6-acre property includes 5 single-family homes and 4 duplexes (12 doors total)—all fully renovated and leased through February 2026, with just one unit currently on a month-to-month lease. Each home has been updated to move-in ready condition, offering a turnkey solution for investors seeking immediate cash flow. Strategically located near Panther Lake, this property also provides potential for creative long-term exit strategies, future development, or value-add opportunities. A vacant duplex on-site presents the possibility to increase the portfolio to 14 total units, further enhancing returns. With room to raise rents and long-term growth potential, this property offers both stability and upside for savvy investors.
Last checked:
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Last updated Jun 13, 2025
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MLS# 10102712 —
The Building
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Year Built:1920
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New Construction:false
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Construction Materials:Concrete
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Architectural Style:Ranch
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Roof:Shingle
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Foundation Details:Slab
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Stories:1
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Levels:One
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Basement:false
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Building Area Total:10823
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Building Area Units:Square Feet
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Above Grade Finished Area:10823
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Rooms Total:1
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Flooring:Vinyl
Room Dimensions
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Living Area:10823
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Living Area Units:Square Feet
Financial & Terms
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Lease Term:12 Months
Location
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Directions:Follow I-440 E, I-40 E and NC-540 W to Old Stage Rd. Exit from NC-540 W. Drive to Old Stage Rd.
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Latitude:35.564743
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Longitude:-78.690228
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Coordinates:-78.690228, 35.564743
The Property
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Property Type:Residential
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:0696109576
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Lot Size Acres:8.61
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Lot Size Area:8.61
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Lot Size SqFt:375051.6
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Lot Size Units:Acres
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (201) 675-6780
- Office phone:
- (984) 205-2279
Taxes
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Tax Annual Amount:2474.3
Beds
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Bedrooms Total:20
Baths
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Total Baths:12
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Total Baths:12
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Total Baths:12
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Full Baths:12
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:See Remarks
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Cooling:Other
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Cooling:true
Utilities
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Sewer:Septic Tank
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Water Source:Shared Well
Schools
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Elementary School:Wake - Willow Springs
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Middle Or Junior School:Wake - Herbert Akins Road
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High School:Wake - Willow Spring
The Community
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Subdivision Name:Not in a Subdivision
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Association:false
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Pool Private:false
Parking
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Garage:false
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Open Parking:true
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Open Parking Spaces:20
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/12/25
Jun 12, 2025
|
Listed / Active | DMLS | $835,000 |