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.
Sold for $550,000
$550,000
314 Culvert St, Apex, NC 27502
4beds
2,021sqft
Duplex, Multi Family
Built in 1974
-- sqft lot
$537,700 Zestimate®
$272/sqft
$1,625 Estimated rent
Home value
$537,700
$511,000 - $565,000
$1,625/mo
Zestimate® history
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$1,625/mo
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$3,220/mo
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Zillow last checked: 7 hours ago
Listing updated: October 28, 2025 at 01:03am
Listed by:
Beth Randall 919-606-5001,
Berkshire Hathaway HomeService
Bought with:
Katie Rother, 301151
VIVID PROPERTY GROUP
Source: Doorify MLS,MLS#: 10096877
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Forced Air, Gas Pack
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Range, Refrigerator, Washer/Dryer
- Laundry: In Unit
Features
- Flooring: Carpet, Laminate, Vinyl
- Basement: Crawl Space
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,021
- Total interior livable area: 2,021 sqft
- Finished area above ground: 2,021
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Parking Lot
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Exterior features: Private Yard
- Pool features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 10,018 sqft
- Features: Few Trees
Details
- Parcel number: 0742502676
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Cement Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Apex
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2025 | Sold | $550,000$272/sqft |
Source:  Doorify MLS #10096877 Report a problem | ||
| 5/24/2025 | Pending sale | $550,000$272/sqft |
Source: Doorify MLS #10096877 Report a problem | ||
| 5/16/2025 | Listed for sale | $550,000+147.2%$272/sqft |
Source: Doorify MLS #10096877 Report a problem | ||
| 1/26/2017 | Sold | $222,500+50.8%$110/sqft |
Source: Public Record Report a problem | ||
| 9/28/2006 | Sold | $147,500$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,007 +2.3% | $506,418 +11.5% |
| 2024 | $3,918 +54.9% | $454,386 +100.2% |
| 2023 | $2,530 +6.4% | $226,938 |
Find assessor info on the county website
Neighborhood: 27502
Nearby schools
GreatSchools rating
- 6/10Apex ElementaryGrades: PK-5Distance: 0.8 mi
- 10/10Apex MiddleGrades: 6-8Distance: 0.3 mi
- 9/10Apex HighGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Wake - Apex Elementary
- Middle: Wake - Apex
- High: Wake - Apex
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$537,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$537,700
- North Carolina
- Wake County
- Apex
- 27502
- 314 Culvert St