Recently Updated Duplex Income
8023 Perry Creek Road Raleigh, NC 27616
8023 Perry Creek Road, Raleigh, NC, 27616
$250,000
Pending
For Sale
$250,000
Pending
MULTI_FAMILY - Raleigh, NC
Property Size1,437 SF
Lot Size0.10 Acres
Days on Market51
Property Features for 8023 Perry Creek Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-6
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
- Vegetation
- Grassed
- Patio and Porch features
- Deck
- Exterior features
- Balcony, Fenced Yard, Rain Gutters
- Fencing
- Fenced, Chain Link
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Oven, Refrigerator
- Standard status
- Pending
- APN
- 173709272442000 0147092
- Size
- 1,437 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Tt 165A-B Bershire Downs W P6 Bm1985-1781
- Tax Annual Amount
- 2181
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
Bliss & Oak Realty And Propert
(919) 369-1540
5190 NC 56 HWY, Franklinton, NC
Listed by
Tanya Lynn Laton
(919) 369-1540
Added: May 27 Checked: Jul 16 at 11:06 pm
MLS# 10169960
Listing URL
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 recently updated duplex is configured as two separate units, each offering 3 bedrooms and 3 bathrooms. Interior improvements include granite countertops and LVP flooring downstairs. The property also includes a fenced back yard. The duplex was recently subdivided, resulting in two individual parcel numbers, and it is being marketed together with the companion unit at 8025 Perry Creek Rd.
The subject property is located at 8023 Perry Creek Road in Raleigh, NC 27616, in Wake County, zoned R-6. The listing notes that a new survey is available, and the seller has additional multifamily properties available for sale. The units are currently fully occupied, so showings require advance scheduling.
For investors or owner-operators seeking a turn-key, occupied income property, this duplex provides a consistent unit mix with 3 bed/3 bath layouts in each unit. Because the property is fully occupied and there is no sign on the premises, prospective buyers should plan for showing coordination and review of the companion listing for unit 8025 Perry Creek Rd. Please do not disturb tenants; schedule through ShowingTime or contact the listing agent.
The subject property is located at 8023 Perry Creek Road in Raleigh, NC 27616, in Wake County, zoned R-6. The listing notes that a new survey is available, and the seller has additional multifamily properties available for sale. The units are currently fully occupied, so showings require advance scheduling.
For investors or owner-operators seeking a turn-key, occupied income property, this duplex provides a consistent unit mix with 3 bed/3 bath layouts in each unit. Because the property is fully occupied and there is no sign on the premises, prospective buyers should plan for showing coordination and review of the companion listing for unit 8025 Perry Creek Rd. Please do not disturb tenants; schedule through ShowingTime or contact the listing agent.
Key Highlights
- 1986‑built recently updated duplex with central heating and central air
- Fully occupied income property; please do not disturb tenants
- 3 beds and 3 baths in each unit (8023 and 8025 Perry Creek Rd); units sold together
Local 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 | $25.0k | $17.40 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $23.7k | $16.50 |
| − OpEx | −$7.1k | −$4.95 |
| NOI | $16.6k | $11.55 |
1,437 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.6K
NOI $16,593 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$410.3K
$359.0K – $478.7K
NOI $28,721 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with recently updated interiors, granite countertops, and fenced back yards, with both units fully occupied.
Where is this duplex located?
The property is located at 8023 Perry Creek Road Raleigh, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1986‑built recently updated duplex with central heating and central air; Fully occupied income property; please do not disturb tenants; 3 beds and 3 baths in each unit (8023 and 8025 Perry Creek Rd); units sold together
