648 Marshall Street
Henderson, NC 27536
$480,000
Not in a Subdivision – Henderson Township – Vance County
648 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
488
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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🛠️ Opportunity To Increase Rents
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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
$62,400
-
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….
648 Marshall Street has a Price per Square Foot of $984.
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 $2,600 more)
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Sq Ft: ⬆️ (Larger by 136 sqft)
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Cost/SqFt: ⬇️ (Lower by $24/sqft)
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Condition: ⬇️ (Needs renovation vs. Performing rental)
This sold listing on Hargrove Street provides a great baseline for the local investment market. While it sold for a slightly higher total price, it offered more square footage, resulting in a lower cost per square foot. However, it’s important to note that the Hargrove Street property was sold ‘as-is’ and clearly needed significant interior updates or even a total teardown. In contrast, 648 Marshall Street is being marketed as a stabilized, cash-flowing rental, which typically commands a premium because it doesn’t require immediate renovation.
🟡 Given that 648 Marshall Street is already generating income while this sold listing was a major project, the price for the home for sale makes sense for an investor looking for immediate returns.
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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.
648 Marshall Street
Henderson, NC 27536
648 Marshall Street
Henderson, NC 27536
$480,000
$480,000
Not in a Subdivision – Henderson Township – Vance County
648 Marshall St
Henderson
1 br
488 sqft
$480,000
TWP Henderson
CTY Vance
SUB Not in a Subdivision