Recently Updated Duplex Income
For Sale
$250,000
Pending
8023 Perry Creek Road, Raleigh, NC 27616
MULTI_FAMILY - Raleigh, NC
Property Size1,437 SF
Lot Size0.10 Acres
Days on Market66
Property Features for 8023 Perry Creek Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3
Vegetation
Grassed
Patio and Porch features
Deck
Exterior features
Balcony, Fenced Yard, Rain Gutters
Fencing
Fenced, Chain Link
Fireplace
1
Appliances
Dishwasher, Electric Oven, Refrigerator
Subdivision
Berkshire Downs West
Lot features
Back Yard, City Lot, Front Yard, Level, Subdivided
View
City
Elementary school
Wake County Schools
Middle school
Wake County Schools
High school
Wake County Schools
Standard status
Pending
APN
173709272442000 0147092
Size
1,437 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Tt 165A-B Bershire Downs W P6 Bm1985-1781
Tax Annual Amount
2181
Legal Description
Tt 165A-B Bershire Downs W P6 Bm1985-1781
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Bliss & Oak Realty And Propert
(919) 369-1540
Listed By:
Tanya Lynn Laton
(919) 369-1540
Added: May 27
Changed: Jul 24
Last Checked: Jul 31 at 3:06AM
MLS# 10169960
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.
This recently updated duplex is configured as two separate units, each offering 3 bedrooms and 3 bathrooms. Interior improvements include granite countertops and LVP flooring downstairs. The property also includes a fenced back yard. The duplex was recently subdivided, resulting in two individual parcel numbers, and it is being marketed together with the companion unit at 8025 Perry Creek Rd.
The subject property is located at 8023 Perry Creek Road in Raleigh, NC 27616, in Wake County, zoned R-6. The listing notes that a new survey is available, and the seller has additional multifamily properties available for sale. The units are currently fully occupied, so showings require advance scheduling.
For investors or owner-operators seeking a turn-key, occupied income property, this duplex provides a consistent unit mix with 3 bed/3 bath layouts in each unit. Because the property is fully occupied and there is no sign on the premises, prospective buyers should plan for showing coordination and review of the companion listing for unit 8025 Perry Creek Rd. Please do not disturb tenants; schedule through ShowingTime or contact the listing agent.
The subject property is located at 8023 Perry Creek Road in Raleigh, NC 27616, in Wake County, zoned R-6. The listing notes that a new survey is available, and the seller has additional multifamily properties available for sale. The units are currently fully occupied, so showings require advance scheduling.
For investors or owner-operators seeking a turn-key, occupied income property, this duplex provides a consistent unit mix with 3 bed/3 bath layouts in each unit. Because the property is fully occupied and there is no sign on the premises, prospective buyers should plan for showing coordination and review of the companion listing for unit 8025 Perry Creek Rd. Please do not disturb tenants; schedule through ShowingTime or contact the listing agent.
Key Highlights
- Two‑unit duplex at 8023 and 8025 Perry Creek Rd, to be sold together (recently subdivided with two parcel numbers)
- Each unit is 3 bed/3 bath and the property is fully occupied as an income property
- Recently updated interiors with granite countertops and LVP flooring downstairs
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 | $25.0k | $17.40 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $23.7k | $16.50 |
| − OpEx | −$7.1k | −$4.95 |
| NOI | $16.6k | $11.55 |
1,437 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.6K
NOI $16,593 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$410.3K
$359.0K – $478.7K
NOI $28,721 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 27616, NC
56,941
Population
24,282
Households
2.3
Avg Household Size
34
Median Age
43%
College-Educated
91%
High-School Grad
22.5 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,534
Median Household Income
$41,601
Median Earnings
$1,514
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with recently updated interiors, granite countertops, and fenced back yards, with both units fully occupied.
Where is this duplex located?
The property is located at 8023 Perry Creek Road Raleigh, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex at 8023 and 8025 Perry Creek Rd, to be sold together (recently subdivided with two parcel numbers); Each unit is 3 bed/3 bath and the property is fully occupied as an income property; Recently updated interiors with granite countertops and LVP flooring downstairs
