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Four-Unit Lake Community Quadplex
For Sale
$438,000

22 Carriage Circle, Louisburg, NC 27549

The building contains four two-bedroom, two-bathroom residences, with several units ready for improvement.

Property Size4,762 SF
Price / SF$91.98
Days on Market402

Property Features for 22 Carriage Circle

General Information

Standard status Active
Size 4,762 SF
Property subtype Residential Income
Lease Term 12 Months

Property Condition

Severity Repairs Needed
Evidence Several units are ready for improvements

Units

Unit Mix 4 x 2BR/2BA
Multifamily Units 4

Amenities

beach access
boat dock
clubhouse
pool
fitness center
tennis court(s)
basketball court
miniature golf
park
walking trails
playground
gated
game court
Cathedral Ceiling(s)
Ceiling Fan(s)
Kitchen Island
Laminate Counters
Shower Only
Walk-In Shower
Balcony
Rain Gutters

Building Details

Building Size 4,762 SF
Year Built 1986
Buildings 1
Stories 2
Listing Agency: Dwell Raleigh Real Estate
Listed By: Kristina Nieshalla
Source: Dwellraleigh
Added: Sep 19, 2025 Changed: Oct 23 Last Checked: Oct 23 at 4:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dwell Raleigh Real Estate

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Investment Insights

Based on property information with market context.

This 1986 quadplex contains four residences, each with two bedrooms and two bathrooms. Each unit measures approximately 1,200 square feet, and several are ready for improvements. The building totals 4,762 square feet.

Residents have access to amenities within the gated Lake Royale community, including beaches, boat ramps, docks, a clubhouse, a pool, fitness center, tennis and basketball courts, miniature golf, parks, and walking trails.

Key Highlights

  • Four residences, each with 2 bedrooms and 2 bathrooms
  • Approximately 1,200 square feet per unit
  • Several units are ready for improvements

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

Demographics for 27549, NC

24,558
Population
11,326
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
85%
High-School Grad
231.7 sq mi
ZIP Area
106
Density / Sq Mi
$63,534
Median Household Income
$36,782
Median Earnings
$954
Median Rent
$191,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The building contains four two-bedroom, two-bathroom residences, with several units ready for improvement.
Where is this quadplex located?
The property is located at 22 Carriage Circle Louisburg, NC.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; Approximately 1,200 square feet per unit; Several units are ready for improvements
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