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James Russ

jcteam@axenrealty.com +1(920) 268-3909

Listed by Parker James Properties LLC

$ 749,950

Est. payment -/mo

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Active

4632 Kilcullen DR Raleigh, NC 27604

4 Baths

4,192 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,192 sqft

Price per Sqft $178

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 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 key transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, creating a clean, modern living experience. Recent improvements include new windows throughout the building within the last five years, enhancing energy efficiency and reducing long term operating costs. The ground level of each unit features durable LVP flooring, ideal for high traffic rental use. Each unit also includes two assigned off street parking spaces, a valuable amenity in this area. Each unit offers a highly functional two bedroom layout, with private bathroom areas (toilet + sink) for each bedroom and a shared Jack and Jill shower/tub. This configuration maximizes privacy for tenants while keeping maintenance simple and cost efficient for owners. Unit B is currently vacant and easy to show. This unit, like the others has been thoughtfully updated and shows very well. It will most likely be re-rented before the next buyer closes the transaction. The asking rent for this unit is $1,500 per month. Once rented the total rents for this property will be $5,870 per month. Tenants pay their own utilities, including garbage service, keeping operating expenses predictable and favorable for the owner. Location Benefits: Positioned in a high demand Raleigh submarket, this property offers quick access 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 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 quadruplex 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

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