Second Story Realty Logo

631 Marshall Street
Henderson, NC 27536

$480,000

Not in a Subdivision – Henderson Township – Vance County

631 Marshall Street
Henderson, NC 27536

$480,000

  • A small, single-story gray house with a covered front porch, potted plants, and a mailbox sits at the corner of Marshall Street on a sunny day. Leafless trees and another house are visible in the background.
  • A small blue house with a white lattice front porch, one step leading up, and holiday decorations. The house sits close to the street, surrounded by leafless trees and neighboring homes.
  • A vacant lot with sparse grass sits between two single-story homes with light blue siding. Leafless trees and dense shrubs line the back of the property under a clear blue sky. Trash bins are near the edge of the lot.
  • A small white single-story house with a covered front porch and wooden steps, a green trash bin by the curb, and a red pickup truck parked beside the house. Leafless trees and a neighboring house are visible.
  • A small, single-story white house with a front porch, wooden railing, and steps. A green trash bin is at the curb, and a red pickup truck is parked beside the house. Leafless trees are in the background.
  • A small, single-story gray house with a covered front porch, potted plants, and a mailbox sits at the corner of Marshall Street on a sunny day. Leafless trees and another house are visible in the background.
  • A small blue house with a white lattice front porch, one step leading up, and holiday decorations. The house sits close to the street, surrounded by leafless trees and neighboring homes.
  • A vacant lot with sparse grass sits between two single-story homes with light blue siding. Leafless trees and dense shrubs line the back of the property under a clear blue sky. Trash bins are near the edge of the lot.
  • A small white single-story house with a covered front porch and wooden steps, a green trash bin by the curb, and a red pickup truck parked beside the house. Leafless trees and a neighboring house are visible.
  • A small, single-story white house with a front porch, wooden railing, and steps. A green trash bin is at the curb, and a red pickup truck is parked beside the house. Leafless trees are in the background.
Save
Save

Single Family

Active

Not in a Subdivision

Henderson Township

Vance County

  • Bedrooms: 1
  • Bathrooms: 1
  • Square Feet: 504
  • Acres: 0.07
  • Year Built: 1950

Single Family

Active

Save

Not in a Subdivision

Henderson Township

Vance County

  • Bedrooms: 1
  • Bathrooms: 1
  • Square Feet: 504
  • Acres: 0.07
  • Year Built: 1950

1
Bed

1
Bath

504
sqft

0.07
acres

Save

  • 📈 11.3% Gross Cap Rate

  • 💰 Stable Cash Flow

  • 🏘️ 7 Single-Family Rental Homes

  • 🏗️ 1 Vacant Lot

  • 🔨 New Fiber Cement Sidings

  • 🤝 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.

631 Marshall – Fitted with new fiber cement sidings.

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. 631 Marshall – Fitted with new fiber cement sidings. Package can be divided.

Maps

Listing History

Date

Status

Price

  • 2026-02-17

    Active

    $93,800

  • 2026-03-19

    Price Increase

    $480,000

Documents

Documents Source: Doorify MLS IDX Feed

  • A small, single-story gray house with a covered front porch, potted plants, and a mailbox sits at the corner of Marshall Street on a sunny day. Leafless trees and another house are visible in the background.
  • A small blue house with a white lattice front porch, one step leading up, and holiday decorations. The house sits close to the street, surrounded by leafless trees and neighboring homes.
  • A vacant lot with sparse grass sits between two single-story homes with light blue siding. Leafless trees and dense shrubs line the back of the property under a clear blue sky. Trash bins are near the edge of the lot.
  • A small white single-story house with a covered front porch and wooden steps, a green trash bin by the curb, and a red pickup truck parked beside the house. Leafless trees and a neighboring house are visible.
  • A small, single-story white house with a front porch, wooden railing, and steps. A green trash bin is at the curb, and a red pickup truck is parked beside the house. Leafless trees are in the background.

Nearby Listings

Statuses
Date Range
Price

631 Marshall Street

$480,000

504

Not in a Subdivision

$952

1

1950

0.07

Listed on
Feb 17th 2026

Doorify IDX Logo

631 Marshall Street

$480,000

504

Not in a Subdivision

$952

1

1950

0.07

Listed on
Feb 7th 2026

Doorify IDX Logo

621 Marshall Street

$480,000

504

Not in a Subdivision

$952

1

1950

0.07

Listed on
Dec 24th 2025

Doorify IDX Logo

621 Marshall Street

$480,000

504

Not in a Subdivision

$952

1

1950

0.07

Listed on
Feb 17th 2026

Doorify IDX Logo

647 Marshall Street

$480,000

480

Not in a Subdivision

$1,000

1

1950

0.09

Listed on
Feb 17th 2026

Doorify IDX Logo

647 Marshall Street

$480,000

480

Not in a Subdivision

$1,000

1

1950

0.09

Listed on
Feb 7th 2026

Doorify IDX Logo

631 Marshall Street

$480,000

Doorify IDX Logo

631 Marshall Street

$480,000

Doorify IDX Logo

621 Marshall Street

$480,000

Doorify IDX Logo

621 Marshall Street

$480,000

Doorify IDX Logo

647 Marshall Street

$480,000

Doorify IDX Logo

647 Marshall Street

$480,000

Doorify IDX Logo
Listings Nearby to Listing
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….

631 Marshall Street has a Price per Square Foot of $952.

Here’s how that compares to the surrounding area:

43% above the Henderson Township median ($130)

40% above the City of Henderson median ($133)

36% above the Vance County median ($137)

  • A small, single-story beige house at 522 Hargrove Street in Henderson features a dark gray roof and white trim. It has a white door, two large windows, and a wooden fence to the right. The modest front yard, shaded by trees and brush, hosts two patio chairs for a cozy outdoor retreat.
    522 Hargrove Street, Henderson, NC 27536
    • Price: $65,000
    • $104 Price per Sqft
    • 624 Sqft
    • 0.19 Acres
    • Sold on Oct 16th 2024
    Full Listing

    • Price: ⬇️ (Sold for $28,800 less)

    • Sq Ft: ⬆️ (Larger by 120 sq ft)

    • Cost/SqFt: ⬇️ (Lower by $82/sqft)

    • Condition: ⬇️ (Needs full renovation vs. Functional rental)

    The home on Hargrove Street sold for a much lower price, reflecting its ‘as-is’ condition and need for significant cosmetic work. While 631 Marshall Street is a performing rental and doesn’t require the same level of immediate renovation, the price difference is quite substantial. You are paying a significant premium for the existing tenant and stabilized income compared to what other small-footprint homes are fetching in the local market.

    🔴 While 631 Marshall Street offers the convenience of a turnkey rental, the price per square foot is nearly double that of other local investment opportunities.

  • A small, single-story white building with a gray roof sits on a grassy lawn at sunset at 636 Flint Street in Henderson. The building features a black door and window shutters, with bare trees and a chain-link fence in the background.
    636 Flint Street, Henderson, NC 27536
    • Price: $114,000
    • $169 Price per Sqft
    • 676 Sqft
    • 0.19 Acres
    • Sold on Mar 2nd 2026
    Full Listing

    • Price: ⬆️ (Sold for $20,200 more)

    • Sq Ft: ⬆️ (Larger by 172 sq ft)

    • Cost/SqFt: ⬇️ (Lower by $17/sqft)

    • Condition: ⬆️ (Fully Renovated vs. Basic Rental)

    This sold listing on Flint Street represents a high standard for the area, featuring a complete interior overhaul including modern butcher block countertops, updated flooring, and a new HVAC system. In comparison, 631 Marshall Street is being offered at a higher price per square foot while maintaining a more dated, rental-grade finish. The value on Flint Street is clearly superior given the move-in-ready condition and larger footprint for a relatively small increase in total price.

    🔴 Given that a fully renovated home sold for less per square foot, 631 Marshall Street appears to be positioned at a premium that may be hard to justify.

Take the Next Step…

5 Star Reviews


This level of clarity is how we work with every buyer and seller.

When you partner with Second Story Realty, you get a team that studies the market deeply, explains the “why” behind the numbers, and guides you with transparency at every step.

You can contact us to talk strategy, ask questions, or schedule a showing, we will help you take the next step with confidence.

30 Minute Meeting – Schedule a meeting

Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

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.

A small, single-story gray house with a covered front porch, potted plants, and a mailbox sits at the corner of Marshall Street on a sunny day. Leafless trees and another house are visible in the background.

631 Marshall Street
Henderson, NC 27536

631 Marshall Street
Henderson, NC 27536

$480,000

$480,000

Not in a Subdivision – Henderson Township – Vance County

A small, single-story gray house with a covered front porch, potted plants, and a mailbox sits at the corner of Marshall Street on a sunny day. Leafless trees and another house are visible in the background.

631 Marshall St

Henderson

1 br

504 sqft

$480,000

TWP Henderson

CTY Vance

SUB Not in a Subdivision

Share to...
LinkedInRedditThreadsPinterestBlueskyNextdoorChatGPTClaudePerplexityGoogle AI