646 Marshall Street
Henderson, NC 27536
$480,000
Not in a Subdivision – Henderson Township – Vance County
646 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
484
sqft
0.08
acres
-
🏠 7 Single-Family Rental Homes
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🏗️ 1 Vacant Lot
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📈 Gross Cap Rate: ~11.3%
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💰 Stable Cash Flow
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🛠️ Low-Maintenance Floor Plans
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📍 Established Rental Market
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
$92,700
-
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….
646 Marshall Street has a Price per Square Foot of $992.
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 $27,700 less)
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Sq Ft: ⬆️ (Larger by 140 sqft)
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Cost/SqFt: ⬇️ (Sold for $88 less per sqft)
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Condition: ⬇️ (Needs total renovation vs. functional rental)
The home on Hargrove Street sold for a much lower price point, though it was clearly a project house requiring significant interior work like new flooring and wall repairs. In contrast, 646 Marshall Street is presented as a functional, income-producing rental, which justifies a premium for being move-in ready for tenants. However, the price per square foot for 646 Marshall Street is exceptionally high for this neighborhood, especially when you consider that the sold property offered a second bedroom and a larger lot. While the convenience of a tenant-occupied property is valuable for an investor, the current asking price is pushing the upper limits of the local market.
🔴 While 646 Marshall Street offers the benefit of immediate cash flow, the high price per square foot makes it a significantly more expensive entry point than other local investment opportunities.
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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.
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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.
646 Marshall Street
Henderson, NC 27536
646 Marshall Street
Henderson, NC 27536
$480,000
$480,000
Not in a Subdivision – Henderson Township – Vance County
646 Marshall St
Henderson
1 br
484 sqft
$480,000
TWP Henderson
CTY Vance
SUB Not in a Subdivision