Raleigh Multifamily Investment
626 Maple Lane Raleigh, NC 27603
For Sale
$700,000
MULTI_FAMILY - Raleigh, NC
Property Size3,408 SF
Lot Size1.24 Acres
Price / SF$205.40
Days on Market237
Property Features for 626 Maple Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 3
Parking features
Carport
Appliances
Electric Range, Refrigerator
Standard status
Active
APN
1701412860
Size
3,408 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4664
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1964
Floors in Building
1
Number of units
4
Flooring type
Hardwood, Wood, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
FAB Real Estate Services, LLC
(919) 262-6828
Listed By:
Laura Thompson Vevurka · License #324056
(919) 279-5912
Added: Dec 5, 2025
Changed: Jul 24
Last Checked: Jul 30 at 8:06AM
MLS# 10136092
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property in Raleigh, North Carolina, presents an investment opportunity. The property consists of two adjoined duplexes, totaling four units. The combined property features 8 bedrooms and 4 bathrooms. Situated on a 1.24-acre lot, the property has no HOA or restrictive covenants. The total property size is 3408 square feet. All four units are currently occupied and on month-to-month leases, providing immediate income potential.
Key Highlights
- 2 adjoined duplexes offering 4 total units (8 beds, 4 baths)
- All 4 units are on month‑to‑month leases
- Priced below tax value; no HOA or restrictive covenants
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $16.20 |
| − Vacancy | −$2.9k | −$0.84 |
| EGI | $52.3k | $15.36 |
| − OpEx | −$15.7k | −$4.61 |
| NOI | $36.6k | $10.75 |
3,408 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.4K
$458.0K – $610.6K
NOI $36,637 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$454.0K
$397.3K – $529.7K
NOI $31,782 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.08M
$943.3K – $1.26M
NOI $75,460 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property on 1.24 acres in Raleigh.
Where is this quadplex located?
The property is located at 626 Maple Lane Raleigh, NC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2 adjoined duplexes offering 4 total units (8 beds, 4 baths); All 4 units are on month‑to‑month leases; Priced below tax value; no HOA or restrictive covenants
