Ranch
For Sale
$425,000
Pending
212 Hunter Street, Apex, NC 27502
Residential, Apex, NC
Property Size1,368 SF
Lot Size0.35 Acres
Days on Market234
Property Features for 212 Hunter Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
Not in a Subdivision
Elementary school
Wake - Baucom Elementary
Middle school
Wake - Apex Middle
High school
Wake - Apex High
Special listing conditions
Probate Listing
Standard status
Pending
APN
074214430032000 0080177
Size
1,368 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
212 Hunter St
Tax Annual Amount
3467
Legal Description
212 Hunter St
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Varies
Building materials
Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Choice Residential Real Estate
(919) 720-4991
Listed By:
Kent Gilliam
(919) 369-8009
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 10147211
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.
Ranch duplex at 212 Hunter Street, Apex, NC 27502, built in 1930. The 0.35-acre property includes two bedrooms and two bathrooms, with frame construction, a shingle roof, and electric heating. Flooring varies, and the home is being sold “as-is/where is.” Seller will not perform repairs, and the existing dwelling will need extensive repair or removal; the dwelling conveys at no value.
The property is located in downtown Apex and is described as being within the Small Town Character District of Historic Apex. It is offered as an estate sale, with the note that buyer will confirm school assignments.
This offering is best suited for buyers who are prepared to address significant condition items or who plan for redevelopment consistent with the as-is conveyance terms.
The property is located in downtown Apex and is described as being within the Small Town Character District of Historic Apex. It is offered as an estate sale, with the note that buyer will confirm school assignments.
This offering is best suited for buyers who are prepared to address significant condition items or who plan for redevelopment consistent with the as-is conveyance terms.
Key Highlights
- Ranch duplex with two bedrooms and two bathrooms
- 0.35‑acre lot
- Frame construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,796
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,920
$315.9K
Cap Rate 7%
$225,657
$225.7K
Cap Rate 9%
$175,511
$175.5K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$23.8K $17.40/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$22.6K $16.50/SF
− OpEx
−$6.8K −$4.95/SF
NOI
$15.8K $11.55/SF
Area
Wake County, NC
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,920
Cap Rate 7%
$225,657
Cap Rate 9%
$175,511
Alternative Uses
Best Use
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,796 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.4K
NOI $14,004 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$390.6K
$341.8K – $455.7K
NOI $27,342 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 27502, NC
45,725
Population
17,607
Households
2.6
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
28.3 sq mi
ZIP Area
1,616
Density / Sq Mi
$137,088
Median Household Income
$73,848
Median Earnings
$1,786
Median Rent
$491,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch duplex zoned MD with public water and public sewer, built in 1930, sold as-is requiring extensive repair or removal.
Where is this duplex located?
The property is located at 212 Hunter Street Apex, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Ranch duplex with two bedrooms and two bathrooms; 0.35‑acre lot; Frame construction with shingle roof
