Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    650 Marshall Street Henderson, NC 27536

    View on Map
    For Sale
    $480,000

    MULTI_FAMILY - Henderson, NC

    Type:Single Family Residence
    Property size:
    488 SF
    Lot size:
    0.07 Acres
    Added:
    Feb 7, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 650 Marshall Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Bathroom 1
    Standard status
    Active
    APN
    0091 06052
    Size
    488 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    650 Marshall St
    TaxAnnualAmount
    709

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile, Wood
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Charlese Johnson

    Listing agent Charlese Johnson

    Listing office Choice Residential Real Estate 256 W Millbrook Road, Raleigh, NC

    Listing date Feb 7, 2026

    MLS# 10145327

    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.

    Overview

    Rental Homes Portfolio Opportunity

    This offering presents an investor opportunity in Henderson, NC, featuring a portfolio of seven single-family rental homes and one vacant lot located on Marshall Street. The properties include 621, 631, 646, 647, 648, 650, and 651 Marshall Street, along with the vacant lot at 623 Marshall Street. The full portfolio is priced at $480,000. Each home features a one-bedroom, one-bathroom layout with low-maintenance floor plans. The current gross rental income is $4,515 per month, resulting in a gross cap rate of approximately 11.3%. The total property size of all the homes is 488 square feet and the lot size is 0.07 acres. Most tenants are long-term and willing to stay, providing immediate, stable cash flow. There is an opportunity to increase rents through light updates over time. This portfolio is ideal for investors seeking consistent income and portfolio growth in an established rental market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.3989466
    Latitude
    36.3186372

    Nearby Similar for Sale

    • $750,000
      13,800 SF

      Redevelopment Opportunity in Henderson, NC

      Former hotel with redevelopment potential at a busy intersection.
      1010 S Garnett Street, Henderson, NC 27536
      View Details
    • $209,000
      3,000 SF

      Henderson Commercial Property For Sale

      Commercial building with service garage in high-traffic Henderson location.
      1363/1365 N Garnett Street, Henderson, NC 27536
      View Details
    • $650,000
      2,644 SF

      Kerr Lake Farmhouse with Acreage

      Charming farmhouse on 5.81 acres with Kerr Lake access.
      675 Anderson Creek Road, Henderson, NC 27537
      View Details
    • $150,000

      Commercial Land in Henderson, NC

      Commercial land with road frontage in Henderson, North Carolina.
      1722 Vicksboro Road, Henderson, NC 27536
      View Details
    • $38,000

      Versatile Lots in Growing Area

      Two adjoining lots totaling 0.43 acres with versatile zoning.
      210/212 N Shank Street, Henderson, NC 27536
      View Details
    • $399,000

      Kerr Lake Acreage with Access

      46 acres with lake access in gated community.
      001 Scott Lane, Henderson, NC 27537
      View Details
    • $584,000
      1,802 SF

      New Ranch Home with Dock Permit

      New construction home with open layout, modern kitchen, and dock permit.
      280 Stonewood Loop Lane, Henderson, NC 27537
      View Details
    • $179,900
      1,344 SF

      Income-Producing Duplex in Henderson, NC

      Well-maintained duplex with strong cap rate and upside potential.
      500 Zene Street unit: 500/502, Henderson, NC 27536
      View Details
    • $164,900
      1,456 SF

      Income-Producing Duplex in Henderson, NC

      Fully leased duplex with immediate cash flow and growth potential.
      228 Crozier Street unit: 228/230, Henderson, NC 27536
      View Details
    • $215,000
      1,365 SF

      Henderson Duplex with Recent Upgrades

      Duplex with new roof and updated interiors, great for investors.
      691-693 Boddie Street, Henderson, NC 27536
      View Details
    • $480,000
      480 SF

      Henderson NC Rental Portfolio

      Seven single-family homes plus vacant lot in Henderson, NC.
      647 Marshall Street, Henderson, NC 27536
      View Details
    • $480,000
      504 SF

      Henderson NC Rental Portfolio

      Seven single-family homes plus one vacant lot for sale.
      631 Marshall Street, Henderson, NC 27536
      View Details

    FAQs

    What type of property is this?
    Single family property - Portfolio of seven single-family rental homes plus one vacant lot.
    Where is this single family property located?
    The property is located at 650 Marshall Street Henderson, NC.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: High Gross Cap Rate: Approximately 11.3% offers a strong return on investment.; Immediate, Stable Cash Flow: Portfolio generates $4,515/month in gross rental income with mostly long‑term tenants.; Rental Portfolio: Includes 7 single‑family rental homes and 1 vacant lot.
    (410) 241-8788
    We can help!
    Listing Contact
    Charlese Johnson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!