Updated Four-Unit Residential
4632 Kilcullen Drive, Raleigh, NC 27604
For Sale
$724,950
Each residence has two bedrooms, bedroom-specific toilet and sink areas, and a shared Jack-and-Jill bath.
Property Size4,192 SF
Price / SF$172.94
Days on Market40
Property Features for 4632 Kilcullen Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Breakfast Bar
Crown Molding
Granite Counters
Recessed Lighting
Stone Counters
Bathtub/Shower Combination
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Parker James Properties LLC
(919) 771-8114
Listed By:
Myron Von Raesfeld
(408) 472-4025
Source:
Andreamthomas
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 8 at 1:38PM
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 Parker James Properties LLC
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,192 square feet and was built in 1983. Each residence has a two-bedroom plan, with a toilet and sink serving each bedroom and a shared Jack-and-Jill shower and tub. Improvements include updated or remodeled interiors, LVP flooring on the ground level, and windows replaced within the last five years. The property is zoned RX-3.
Situated on the corner of Kilcullen Drive and Hoyle Drive in Raleigh, the property has assigned off-street parking for two vehicles per unit. Tenants pay their own utilities, including garbage service. One unit is vacant, and the stated rent for that unit is omitted here; the remaining rent figures are also excluded.
Situated on the corner of Kilcullen Drive and Hoyle Drive in Raleigh, the property has assigned off-street parking for two vehicles per unit. Tenants pay their own utilities, including garbage service. One unit is vacant, and the stated rent for that unit is omitted here; the remaining rent figures are also excluded.
Key Highlights
- Four‑unit property with 4,192 square feet; built in 1983
- RX‑3 zoning
- Two‑bedroom layout in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,908
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,160
$958.2K
Cap Rate 7%
$684,400
$684.4K
Cap Rate 9%
$532,311
$532.3K
Market Conditions
NOI Build-Up for 4,192 SF
Gross rent
$72.9K $17.40/SF
− Vacancy
−$4.5K −$1.07/SF
EGI
$68.4K $16.33/SF
− OpEx
−$20.5K −$4.90/SF
NOI
$47.9K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,160
Cap Rate 7%
$684,400
Cap Rate 9%
$532,311
Alternative Uses
Best Use
Multifamily LT 5
$684.4K
$598.9K – $798.5K
NOI $47,908 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$609.8K
$533.6K – $711.4K
NOI $42,684 @ 7.0% cap · market cap 5.89%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,644 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
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Business Placement
Demographics for 27604, NC
46,076
Population
20,828
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
89%
High-School Grad
19.1 sq mi
ZIP Area
2,412
Density / Sq Mi
$72,793
Median Household Income
$44,471
Median Earnings
$1,386
Median Rent
$293,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, bedroom-specific toilet and sink areas, and a shared Jack-and-Jill bath.
Where is this quadplex located?
The property is located at 4632 Kilcullen Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $724,950.
What are key features of this property?
This property features: Four‑unit property with 4,192 square feet; built in 1983; RX‑3 zoning; Two‑bedroom layout in each residence
