Triplex With Three Income
For Sale
Contact for pricing
502 McKnight Dr, Knightdale, NC 27545
Triplex with Units A, B, and C, including a half-unit lease to a pharmacy.
Property Size3,650 SF
Price / SF$356.16
Days on Market49
Property Features for 502 McKnight Dr
General Information
Standard status
Active
Size
3,650 SF
Property subtype
OFFICE
Listing Agency:
Keller Williams Points East
(910) 729-9180
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Source:
Moodyscre
Added: Jun 12
Changed: Jul 30
Last Checked: Jul 30 at 12:10PM
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 Keller Williams Points East
Investment Insights
Based on property information with market context.
This triplex at 502 McKnight Dr includes three separate units identified as Units A, B, and C, creating three income streams in one property. The property size is 3,650 SF.
Per the current leasing setup, half of one unit is being leased to a pharmacy. The property is located in Knightdale, North Carolina, in Wake County, with convenient access to Raleigh, the Triangle, and major commuter routes.
More pictures are expected to be added, supporting further due diligence on the layout and finishes across all units.
Per the current leasing setup, half of one unit is being leased to a pharmacy. The property is located in Knightdale, North Carolina, in Wake County, with convenient access to Raleigh, the Triangle, and major commuter routes.
More pictures are expected to be added, supporting further due diligence on the layout and finishes across all units.
Key Highlights
- 3,650 SF triplex at 502 McKnight Dr
- Three units: Units A, B and C
- Half of one unit is leased to a pharmacy
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 | $63.5k | $17.40 |
| − Vacancy | −$3.3k | −$0.90 |
| EGI | $60.2k | $16.50 |
| − OpEx | −$18.1k | −$4.95 |
| NOI | $42.1k | $11.55 |
3,650 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.1K
$526.8K – $702.4K
NOI $42,145 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$533.8K
$467.1K – $622.7K
NOI $37,364 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$1.04M
$911.9K – $1.22M
NOI $72,952 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 27545, NC
32,567
Population
12,781
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
31.6 sq mi
ZIP Area
1,031
Density / Sq Mi
$85,400
Median Household Income
$46,629
Median Earnings
$1,560
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with Units A, B, and C, including a half-unit lease to a pharmacy.
Where is this triplex located?
The property is located at 502 McKnight Dr Knightdale, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,650 SF triplex at 502 McKnight Dr; Three units: Units A, B and C; Half of one unit is leased to a pharmacy
