313 Main St Knightdale, NC 27545
Estimated payment $2,743/month
Highlights
- 0.83 Acre Lot
- No HOA
- Cooling Available
- Traditional Architecture
- Front Porch
- 3-minute walk to Harper Park
About This Home
ATTENTION INVESTORS! Rare Duplex offered in Knightdale at an in place Cap Rate of 7.2% based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. Being offered 100% occupied with below market rents. Perfectly situated in a prime location within walking distance to groceries and restaurants and Knightdale Station Park. Knightdale has hundreds of jobs and good schools but is also just a short drive to downtown Raleigh on Hwy 64 or 540. The current owners have made significant upgrades with over $40K in renovations the last 2 years including a new roof in 2023 and a full gut remodel on unit 313 featuring new kitchen and bathroom cabinets and appliances and flooring. A full basement Encapsulation was done in 2023 as well, with an HVAC air handler upgrade for unit 313. All new windows throughout in 2013. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors. Also it currently has a married 2nd lot that has the potential to be developed or separated and sold, or the whole property could possibly be rezoned with surrounding area to be a mixed commercial and residential development on a trophy piece of land in Knightdale.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,500
Year Built
- Built in 1964
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2,173 Sq Ft Home
- 1-Story Property
- Family Room
- Luxury Vinyl Tile Flooring
- Basement
- Crawl Space
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
Schools
- Lockhart Elementary School
- Neuse River Middle School
- Knightdale High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Additional Features
- Front Porch
- 0.83 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1754330140
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,500 | $362,915 | $110,000 | $252,915 |
| 2023 | $2,558 | $227,481 | $54,000 | $173,481 |
| 2022 | $2,473 | $227,481 | $54,000 | $173,481 |
| 2021 | $2,360 | $227,481 | $54,000 | $173,481 |
| 2020 | $2,360 | $227,481 | $54,000 | $173,481 |
| 2019 | $2,169 | $185,038 | $52,000 | $133,038 |
| 2018 | $2,047 | $185,038 | $52,000 | $133,038 |
| 2017 | $1,974 | $185,038 | $52,000 | $133,038 |
| 2016 | $1,947 | $185,038 | $52,000 | $133,038 |
| 2015 | $1,678 | $156,851 | $50,000 | $106,851 |
| 2014 | $1,621 | $156,851 | $50,000 | $106,851 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2025 04/06/25 | Pending | -- | -- | -- |
| 03/31/2025 03/31/25 | For Sale | $439,900 | -- | $202 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $185,000 | None Available | |
| Warranty Deed | $119,500 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,580,000 | New Conventional | |
| Previous Owner | $129,500 | New Conventional | |
| Previous Owner | $89,625 | New Conventional | |
| Previous Owner | $148,000 | Unknown | |
| Previous Owner | $112,000 | No Value Available |
Source: Doorify MLS
MLS Number: 10085819
APN: 1754.14-33-0140-000
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