647 Marshall St Henderson, NC 27536
Estimated payment $388/month
Highlights
- Wood Flooring
- No HOA
- Bungalow
- Main Floor Primary Bedroom
- Window Unit Cooling System
- 1-Story Property
About This Home
Investor Opportunity - Performing Rental Portfolio in Henderson, NC. Rare chance to acquire a cash-flowing residential portfolio located along Marshall Street. Purchase options available: 2-property package including 647 and 651 Marshall Street for $136,500 or full portfolio package consisting of 7 single-family rental homes plus 1 vacant lot. Full package addresses include 621, 623 (lot), 631, 646, 647, 648, 650, and 651 Marshall Street. Total package price $524,250. Gross cap rate over 10%. Each home features a 1 bedroom / 1 bathroom layout with kitchen and living room, offering efficient, low-maintenance floor plans ideal for long-term rentals. Most tenants are long-standing and willing to remain, providing immediate, stabilized income. Current gross rental income is $4,515 per month. Units at 631 and 646 have leases secured through June 2026; remaining units are occupied on month-to-month terms. Value-add opportunity exists to update units over time and increase rents. Ideal for investors seeking stable cash flow, minimal vacancy risk, and portfolio growth in an established North Carolina rental market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $710
Year Built
- Built in 1950
Parking
- Varies By Unit
Home Design
- Bungalow
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 480 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Schools
- Rollins Annex Elementary School
- Vance County Middle School
- Vance County High School
Additional Features
- 3,920 Sq Ft Lot
- Window Unit Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0091 02005
Map
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 | $710 | $41,360 | $2,002 | $39,358 |
| 2024 | $689 | $41,360 | $2,002 | $39,358 |
| 2023 | $214 | $5,744 | $2,217 | $3,527 |
| 2022 | $212 | $5,744 | $2,217 | $3,527 |
| 2021 | $92 | $5,744 | $2,217 | $3,527 |
| 2020 | $209 | $5,744 | $2,217 | $3,527 |
| 2019 | $204 | $5,744 | $2,217 | $3,527 |
| 2018 | $92 | $5,744 | $2,217 | $3,527 |
| 2017 | $197 | $5,744 | $2,217 | $3,527 |
| 2016 | $197 | $5,744 | $2,217 | $3,527 |
| 2015 | $87 | $9,020 | $3,405 | $5,615 |
| 2014 | $232 | $9,012 | $3,405 | $5,607 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/17/2026 02/17/26 | For Sale | $64,000 | -- | $133 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | None Listed On Document | |
| Warranty Deed | $340,000 | None Listed On Document | |
| Warranty Deed | $161,000 | -- |
Source: Doorify MLS
MLS Number: 10146946
APN: 0091-02005
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