8508 Buffaloe Road, Knightdale, NC 27545
MULTI_FAMILY - Knightdale, NC
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 6:06 am
Property Features for 8508 Buffaloe Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- RT
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 3
- Parking
- 5
- Parking features
- Paved or Surfaced
- Vegetation
- Brush
- Patio and Porch features
- Deck, Porch
- Interior features
- Ceiling Fan(s)
- Exterior features
- Storage
- Standard status
- Active
- APN
- 175502591500000 0012406
- Size
- 3,152 SF
- Lot size
- 2.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Herring Ld
- Tax Annual Amount
- 2581
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Electric
- Water source
- Well
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Additional Structures
- Storage, Outbuilding
Listing agent Ricky Murray License #92110 (919) 795-4463
Listing office Coldwell Banker HPW 5000 Falls Of Neuse Rd.Ste.100, Raleigh, NC (919) 876-8824
Listing date Jul 1, 2026
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.
HighLights
- Three houses on one parcel totaling 2.229 acres in the Knightdale area
- Well water with septic tank sewer system
- 1966 construction with vinyl siding and a shingle roof
- Paved/surfaced parking plus deck and porch
- Interior features include ceiling fans; flooring includes carpet and vinyl
- Property sold as‑is; one house is livable, one needs some work, and one has major fire‑related damage
Overview
The site is located in the Knightdale area. Public remarks note possible city water and sewer coming to an adjacent property, and a new subdivision being built next to the parcel.
For buyers and investors, the configuration can appeal to those looking to manage multiple dwellings on one tract with varied renovation needs. The listing conditions reflect that repairs and due diligence will be required, particularly for the fire-damaged structure. The RT zoning and single-parcel setup may also simplify ownership of the three-house footprint, with any development or utility considerations to be confirmed during the buyer’s process.
Local Financial Insights For Apartment 5plus
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 | $62.4k | $19.80 |
| − Vacancy | −$3.7k | −$1.19 |
| EGI | $58.7k | $18.61 |
| − OpEx | −$26.4k | −$8.38 |
| NOI | $32.3k | $10.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Knightdale
- County
- Wake
- State
- North Carolina
- Longitude
- -78.476911
- Latitude
- 35.836009
