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Kharmika Alston

kharmika@livelovedurham.com +1(919) 672-4905

Listed by Parker James Properties LLC

$ 764,950

Est. payment | -/mo

4 Baths

4,192 SqFt

Save

$ 764,950

Est. payment | -/mo

Save

4 Baths

4,192 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,192 sqft

Price per Sqft $182

Subdivision Pepperdine

MLS Listing ID 10196123

Full Baths 4

HOA Y/N No

Year Built 1983

Annual Tax Amount $5,421

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Quadruplex

Source Doorify MLS

Land Area 4192

Property Description

Updated Quadruplex in Prime Raleigh Location with Strong Cash Flow Potential Outstanding investment opportunity in the heart of Raleigh. This well maintained quadruplex sits on a desirable corner lot at Kilcullen and Hoyle Dr., offering excellent access to major employers, shopping, parks, and transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, providing a clean and modern living experience. Recent improvements include new windows throughout the building within the last five years, boosting energy efficiency and reducing long term operating costs. Ground level of each unit features durable LVP flooring, ideal for high traffic rental use. In addition each unit has 2 assigned off street parking spaces. Each unit offers a highly functional layout with two bedrooms, each with its own private bathroom area with toilet and sink. The bedrooms share a Jack and Jill shower/tub, a layout that maximizes privacy while keeping maintenance simple--an appealing feature for renters and a cost efficient setup for owners. Units A and D have just been rented at market rates, and both vacant units have been remodeled with new floor, paint, appliances and cabinets offering flexibility for an owner occupant or the ability to place a new tenant at market rent, enhancing immediate cash flow potential. The remaining units are tenant occupied; however, Unit B will be vacating shortly, and the unit will be updated with new carpet and paint. Kitchen and baths have already been remodeled. Tenants pay their own utilities, including garbage service, which helps keep operating expenses predictable and favorable for the owner. Location Benefits: This property is positioned in a high demand area of Raleigh, close to major employment hubs, universities, medical centers, and retail corridors. Raleigh's strong population growth and rental demand contribute to stable occupancy and competitive rents. The corner lot placement also provides easy access and visibility, adding long term value for both renters and investors. With its updates, efficient layout, tenant paid utilities, and prime location, this property is a compelling addition to any rental portfolio--designed for durability, consistent occupancy, and strong income performance.

Location

State NC

County Wake

Community Pepperdine

Area 0.34

Zoning RX-3

Interior

Interior Features Bathtub/Shower Combination, Breakfast Bar, Crown Molding, Granite Counters, Recessed Lighting, Stone Counters

Cooling Central Air, Electric, Exhaust Fan, Separate Meters

Flooring Carpet, Luxury Vinyl, Wood

Fireplaces Number 2

Fireplaces Type Decorative, Living Room, Metal

Equipment None

Fireplace Yes

Appliance Range, Microwave, Dishwasher

Laundry In Unit, Washer Hookup, Laundry Closet

Exterior

Parking Features Asphalt, Assigned

Garage Spaces 8.0

Pool None

Community Features None

Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected

Roof Type Composition

Total Parking Spaces 8

Garage No

Building

Lot Description Corner Lot, Few Trees, Landscaped

Story Bi-Level, Two

Foundation Slab

Water Public

New Construction No

Others

Senior Community No

Tax ID 172617027085000 0128088

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(919) 672-4905

kharmika@livelovedurham.com

600 Park Offices Drive, 350, Durham, North Carolina 27709, USA

4632 Kilcullen DR Raleigh, NC 27604

Kharmika Alston

Key Details

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Interior

Exterior

Building

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4632 Kilcullen DR