212 Hunter Street Apex, NC 27502
DUPLEX - Ranch - Apex, NC
Property Features for 212 Hunter Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- MD
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Standard status
- Active
- 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
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 agent Kent Gilliam (919) 369-8009
Listing office Choice Residential Real Estate 256 W Millbrook Road, Raleigh, NC (919) 720-4991
Listing date Feb 18, 2026
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.
The property is located in Apex, NC within zoning designated as MD. The listing also notes that the property is being offered as an estate sale and is additionally listed for sale as land.
For buyers, the key consideration is the condition of the improvements and the opportunity to evaluate what remains on site, since the dwelling conveys at no value and the seller is making no repairs.
Key Highlights
- 0.35‑acre property in Downtown Apex within the Small Town Character District of Historic Apex
- Existing home built in 1930 with ranch architectural style
- Utilities: public water and public sewer
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 | $23.8k | $17.40 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $22.6k | $16.50 |
| − OpEx | −$6.8k | −$4.95 |
| NOI | $15.8k | $11.55 |
