Description
TWO HOUSES, ONE PARCEL! A rare opportunity to pick up two income-producing single-family rental homes with one purchase. Both homes are currently tenant occupied, providing rental income from day one. 216 E Payton Street offers 3 bedrooms and 1 bathroom and currently rents for $500 per month. 502 N Independence Street offers 2 bedrooms and 1 bathroom and currently rents for $425 per month. With both homes currently rented below market rates, there is potential for increased rental income. Located close to shopping, dining, employment, and everything Kinston has to offer. Whether you're looking to expand an existing rental portfolio or acquire multiple rental properties in a single transaction, this property deserves a look. Two detached homes, two rental income streams, one parcel--bring your investment strategy and take advantage of the potential. No trespassing. DO NOT DISTRUB TENANTS.
Details
| MLS # | 100593591 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 24 |
| Listing Provided By | eXp Realty | The Nilsen Team |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 2,030 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | R |
| Acreage | 0.16 |
| Property View | None |
Interior
| Interior Features | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Wall/Window Unit(s) |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Crawl Space |
| View | None |
| Construction Materials | Vinyl Siding, Wood Frame |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street |
Taxes
| Tax Assessed Value | 81658 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | E PEYTON/N INDEPENDENCE 216 E PEYTON AV |
| Tax Year | 2026 |
Area Information
| State | NC |
|---|---|
| County | Lenoir |
| City | Kinston |
| Zip Code | 28501 |
| School District | Lenoir County |
| Elementary School | Southeast |
| High School | Kinston |
| Listing VS Median (in 28501) | |
Price: $109,900 low | high Med: $175,000 sqft: 2,030 low | high Med: 1,368 $ / sqft: $54 low | high Med: $128 On site: 24 low | high Med: 606 | |
Market Activity 28501
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Lenoir |
| City | Kinston |
| Zip Code | 28501 |
| School District | Lenoir County |
| Elementary School | Southeast |
| High School | Kinston |
| Listing VS Median (in 28501) | |
Price: $109,900 low | high Med: $175,000 sqft: 2,030 low | high Med: 1,368 $ / sqft: $54 low | high Med: $128 On site: 24 low | high Med: 606 | |
This office is independently owned and operated. Coldwell Banker Real Estate LLC has no involvement in and does not endorse or otherwise sponsor Cartus or The Realty Alliance.
These companies are not affiliated with Coldwell Banker Real Estate, LLC and are independently operated from Howard Perry and Walston Realty, Inc. and Coldwell Banker Real Estate, LLC.