$550,000
SOLD JUL 9, 2025

314 Culvert St Apex, NC 27502

4 Beds
4 Baths
2,021 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$272 Per Sq Ft

7 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Luxury Vinyl Tile Flooring
  • Apex Elementary School Rated A-
  • Bungalow
  • Forced Air Heating and Cooling System

About This Home

As of July 2025

Don't miss this exceptional chance to own a two-unit residence ideally situated in the vibrant and rapidly growing downtown district of Apex.
Since 2017, the owners have completed an exterior facelift with new fiber cement siding and trim, windows and front door (Unit 4), replaced sliding doors and rebuilt decks and HVAC systems. Unit 4 (left side) has undergone an interior renovation including updated flooring, cabinetry, appliances, countertops, and fixtures. Unit 3 (right side) is occupied by a long-term, month-to-month tenant and has not been renovated.
Unit 4 is currently operating as a successful turnkey short-term rental, averaging $2,300/month in income for 2023-24. This unit is being sold fully furnished offering immediate income potential with no additional investment required.
Apex has seen nearly 18% population growth since 2020, and the greater Triangle region continues to attract over 56 new residents daily, driving strong demand for both short- and long-term rentals. This property offers a unique blend of immediate cash flow, flexibility, and long-term appreciation potential. Property is being sold as-is.

Last Agent to Sell the Property

Beth Randall

Berkshire Hathaway HomeService License #136696 Listed on: 05/16/2025

Berkshire Hathaway HomeService

Last Buyer's Agent

Katie Rother

VIVID PROPERTY GROUP License #301151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,918

Year Built

  • Built in 1974

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Few Trees
  • Private Yard

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Metal Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,021 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Open Parking Spaces
  • Parking Lot
  • Off-Street Parking

Schools

  • Apex Elementary School
  • Apex Middle School
  • Apex High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 0742502676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,918

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Year Built: 1974
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 2021.0
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Appliances Refrigerators: Yes
  • General Property Information Senior Community YN: No
  • Architectural Style Bungalow: Yes
  • Flooring Laminate: Yes
  • Heating Gas Pack2: Yes
  • Utilities Water Connected: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 2021.0
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Natural Gas Connected: Yes
  • General Property Information Number Of Units Total3: 2.0
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 10019.0
  • Roof:Metal2: Yes
  • General Property Information Lot Size Acres: 0.23
  • Foundation Details Concrete Perimeter: Yes
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 2021.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Luxury Vinyl
  • Basement: Crawl Space
  • Private Spa: No
  • Appliances: Dishwasher, Electric Range, Range, Refrigerator, Washer/Dryer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Electric Range: Yes
  • Appliances Range: Yes
  • Community Features:None3: Yes
  • Appliances:WasherDryer: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Metal
  • Exterior Features: Private Yard
  • Fencing: None
  • Acres: 0.23
  • Home Warranty: No
  • Common Walls: 1 Common Wall
  • Construction Type: Cement Siding
  • Foundation Details: Concrete Perimeter
  • Exterior Features:Private Yard: Yes
  • Lot Features:Few Trees: Yes
  • Construction Materials:Cement Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Off Street, Parking Lot
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Forced Air, Gas Pack
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • Association Amenities:None: Yes

Schools

  • Ninth Grade High School: Wake - Apex
  • Middle Or Junior School: Wake - Apex

Lot Info

  • Lot Size Sq Ft: 10019.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0742502676

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Month To Month
  • Owner Pays: Taxes

Tax Info

  • Tax Annual Amount: 3918.18
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 2
  • Number of Month to Month Units: 2

MLS Schools

  • Elementary School: Wake - Apex Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2025
Sold by
An Ruosu and Lim Shi Yuan
Bought by
Salient Properties Llc
Current Estimated Value
$507,577

Purchase Details

Listed on
May 16, 2025
Closed on
Jun 25, 2025
Sold by
Lochstep Llc
Bought by
An Ruosu and Lim Shi Yuan
Seller's Agent
Beth Randall
Berkshire Hathaway HomeService
Buyer's Agent
Katie Rother
VIVID PROPERTY GROUP
List Price
$550,000
Sold Price
$550,000
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.11%
Original Mortgage
$412,500
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2017
Sold by
Poore Nicholas E and Poore Rachel
Bought by
Lochste Lllc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Green Robert and Green Marian M
Bought by
Poore Nicholas Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2006
Sold by
Ford H Stan and Ford Linda S
Bought by
Green Robert and Green Marian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,625
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $550,000 None Listed On Document
Warranty Deed $550,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $222,500 None Available
Warranty Deed $147,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $412,500 New Conventional
Previous Owner $166,875 New Conventional
Previous Owner $110,625 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2025 07/09/25 Sold $550,000 0.0% $272 / Sq Ft
05/23/2025 05/23/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $550,000 -- $272 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $4,007 $506,418 $230,000 $276,418
2024 $3,918 $454,386 $230,000 $224,386
2023 $2,530 $226,938 $90,000 $136,938
2022 $2,376 $226,938 $90,000 $136,938
2021 $2,287 $226,938 $90,000 $136,938
2020 $2,264 $226,938 $90,000 $136,938
2019 $2,024 $174,667 $72,000 $102,667
2018 $1,908 $174,667 $72,000 $102,667
2017 $1,778 $174,667 $72,000 $102,667
2016 $1,753 $188,308 $80,000 $108,308
2015 $1,645 $159,797 $52,000 $107,797
2014 $1,587 $159,797 $52,000 $107,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10096877

Doorify MLS

APN: 0742.19-50-2676-000