Building Details

Tenancy Multi

Listing Agency: KW Commercial | Keller Williams Realty - Points East | Tim Ferruzzi

Listed By: Tim Ferruzzi · License #89665,NC Show Phone

Source: Realnex

Added: Jul 7 Changed: Jul 22 Last Checked: Jul 25 at 2:15AM

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Investment Insights

Based on property information with market context.

This triplex at 502 McKnight Dr consists of three separate units (Units A, B, and C), offering multiple income streams in one property. One of the spaces is rented to a pharmacy under a 5-year lease.

The property is located in Knightdale, NC, with convenient access to Raleigh, the Triangle, and major commuter routes.

Presented for sale with the existing tenant in place, this residential income property is designed for buyers seeking an opportunity to own a multi-unit building with an established lease structure.

Key Highlights

• Triplex at 502 McKnight Dr with Units A, B, and C providing three separate income streams.
• One unit is rented to a pharmacy tenant under a 5‑year lease.
• Pharmacy tenant rent is $5,000 per month.

Property Analytics

Property Profile

Current Use

Rachel H. Tierney, ... Physician Zahid Rauf Physician Abm Ullah Physician Biogenomics Medical Laboratory ACCESS PT Medical Clinic

Suggested Use

Top Pick Computer & Electronic Repair Storage Facility Bakery Plumbing Service Pet Grooming Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

735

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Triplex with three units, including a pharmacy tenant under a 5-year lease.

Where is this triplex located?

The property is located at 502 McKnight Drive 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: Triplex at 502 McKnight Dr with Units A, B, and C providing three separate income streams.; One unit is rented to a pharmacy tenant under a 5‑year lease.; Pharmacy tenant rent is $5,000 per month.