621 Marshall Street
Henderson, NC 27536
$480,000
Not in a Subdivision – Henderson Township – Vance County
621 Marshall Street
Henderson, NC 27536
$480,000
Single Family
Active
Not in a Subdivision
Henderson Township
Vance County
Single Family
Active
Not in a Subdivision
Henderson Township
Vance County
1
Bed
1
Bath
504
sqft
0.07
acres
-
📈 Gross Cap Rate: ~11.3%
-
🏠 7 Single-Family Rental Homes
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🌳 1 Vacant Lot
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💰 Stable Cash Flow
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🛠️ Low-Maintenance Floor Plans
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👥 Long-Term Tenants
Investor Opportunity – Rental Portfolio in Henderson, NC
7 single-family rental homes + 1 vacant lot located on Marshall Street: 621, 623 (lot), 631, 646, 647, 648, 650, 651
Full portfolio price: $480,000
Current gross rental income: $4,515/month
Gross Cap Rate: ~11.3%
Each home features a 1 bed / 1 bath layout with low-maintenance floor plans. Most tenants are long-term and willing to stay, providing immediate, stable cash flow.
Opportunity to increase rents through light updates over time. Ideal for investors seeking consistent income and portfolio growth in an established rental market.
Package can be divided.
Investor Opportunity – Rental Portfolio in Henderson, NC 7 single-family rental homes + 1 vacant lot located on Marshall Street: 621, 623 (lot), 631, 646, 647, 648, 650, 651 Full portfolio price: $480,000 Current gross rental income: $4,515/month Gross Cap Rate: ~11.3% Each home features a 1 bed / 1 bath layout with low-maintenance floor plans. Most tenants are long-term and willing to stay, providing immediate, stable cash flow. Opportunity to increase rents through light updates over time. Ideal for investors seeking consistent income and portfolio growth in an established rental market. Package can be divided.
Maps
Listing History
Date
Status
Price
-
2026-02-17
Active
$68,500
-
2026-03-19
Price Increase
$480,000
Nearby Listings
16 nearby listings found
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
Compared to Similar Homes that Recently Sold….
621 Marshall Street has a Price per Square Foot of $952.
Here’s how that compares to the surrounding area:
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522 Hargrove Street, Henderson, NC 27536
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Price: ⬇️ (Sold for $3.5k less)
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Sq Ft: ⬆️ (120 sq ft larger)
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Cost/SqFt: ⬇️ ($32 lower per sq ft)
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Condition: ⚖️ (Both properties in ‘as-is’ or rental condition)
When comparing 621 Marshall Street to this property on Hargrove Street, the value proposition is a bit tougher to see. This sold listing offered more square footage and a larger lot for a lower total price, resulting in a much lower cost per square foot. Both homes share similar ‘as-is’ interior qualities, such as dated wood paneling and older kitchen setups, yet this home was secured for a more aggressive price.
🔴 Compared to this similar investor-grade property, 621 Marshall Street makes less sense at its current price point given the higher cost for less space.
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636 Flint Street, Henderson, NC 27536-
Price: ⬆️ (Sold for $45.5k more)
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Sq Ft: ⬆️ (172 sq ft larger)
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Cost/SqFt: ⬆️ ($33 higher per sq ft)
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Condition: ⬆️ (Fully renovated vs. Rental grade)
This sold listing on Flint Street represents a fully renovated, turn-key version of what 621 Marshall Street could be with significant investment. While the home for sale is much more affordable, it lacks the modern LVP flooring, updated kitchen cabinets, and fresh interior finishes seen in this property. The higher price per square foot for this home is justified by its move-in-ready status and updated mechanical systems like the new HVAC unit.
🟡 The home for sale appears fairly priced as a lower-cost entry point for an investor, reflecting the trade-off between its dated condition and the premium paid for this renovated home.
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Take the Next Step…
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Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
621 Marshall Street
Henderson, NC 27536
621 Marshall Street
Henderson, NC 27536
$480,000
$480,000
Not in a Subdivision – Henderson Township – Vance County
621 Marshall St
Henderson
1 br
504 sqft
$480,000
TWP Henderson
CTY Vance
SUB Not in a Subdivision