8127 Perry Creek Rd Raleigh, NC 27616
Forestville NeighborhoodEstimated payment $1,884/month
Highlights
- Deck
- Transitional Architecture
- No HOA
- North Forest Pines Elementary School Rated A
- Stone Countertops
- Front Porch
About This Home
Rare opportunity to own a North Raleigh duplex at 8125 (MLS #10125038) & 8127 (MLS #10125035) Perry Creek Rd, offered together at a total list price of $650,000 (~$325K per unit). Unit 8125 was remodeled in 2022 with updates including new roof, HVAC, plumbing, bathrooms, flooring, and kitchen upgrades. Unit 8127 features a new HVAC, new laminate flooring downstairs, new carpet upstairs and stairs, freshly painted kitchen cabinets, and fresh interior paint throughout. Both units are vacant and ready to rent, each projected at approximately $1,700/month ($3,400/month combined). At the $650K price, the property offers an estimated ~6.3% gross cap rate. Both properties are deeded separately but must be purchased together, making this ideal for investors seeking strong cash flow, a 1031 exchange, or buyers looking to live in one side while renting the other. No HOA, private yards, and a prime location near Capital Blvd and I-540. A fantastic addition to any portfolio!
Listing Agent
Seyed Armin Ahmadi Mousavi License #288937 Listed on: 10/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,057
Year Built
- Built in 1986 | Remodeled
Lot Details
- 4,356 Sq Ft Lot
- 1 Common Wall
- Cleared Lot
- Back Yard Fenced and Front Yard
Home Design
- Duplex
- Transitional Architecture
- Entry on the 1st floor
- Brick Exterior Construction
- Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,232 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Ceiling Fan
- Wood Burning Fireplace
- Blinds
- Family Room with Fireplace
- Crawl Space
- Pull Down Stairs to Attic
- Fire and Smoke Detector
Kitchen
- Electric Range
- Dishwasher
- Stone Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Laundry on main level
Parking
- Parking Pad
- Private Driveway
- On-Site Parking
- 2 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
- Outdoor Storage
- Rain Gutters
- Front Porch
Schools
- North Forest Elementary School
- Wake Forest Middle School
- Wakefield High School
Utilities
- Central Air
- Heat Pump System
- Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Berkshire Downs Subdivision
Listing and Financial Details
- Assessor Parcel Number 1737188060
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 |
|---|---|---|---|---|
| 2025 | $2,057 | $233,587 | $64,000 | $169,587 |
| 2024 | $2,049 | $233,587 | $64,000 | $169,587 |
| 2023 | $1,221 | $110,153 | $24,000 | $86,153 |
| 2022 | $1,135 | $110,153 | $24,000 | $86,153 |
| 2021 | $1,092 | $110,153 | $24,000 | $86,153 |
| 2020 | $1,072 | $110,153 | $24,000 | $86,153 |
| 2019 | $1,067 | $90,340 | $20,000 | $70,340 |
| 2018 | $0 | $90,340 | $20,000 | $70,340 |
| 2017 | $960 | $90,340 | $20,000 | $70,340 |
| 2016 | $940 | $90,340 | $20,000 | $70,340 |
| 2015 | $971 | $91,828 | $20,000 | $71,828 |
| 2014 | -- | $91,828 | $20,000 | $71,828 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $325,000 | -- | $264 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $188,000 | None Available | |
| Warranty Deed | $1,540,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $178,600 | Unknown | |
| Previous Owner | $1,232,000 | Unknown | |
| Previous Owner | $925,000 | No Value Available | |
| Closed | $150,000 | No Value Available |
Source: Doorify MLS
MLS Number: 10125035
APN: 1737.05-18-8060-000
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