651 Marshall Street
Henderson, NC 27536
$480,000
Not in a Subdivision – Henderson Township – Vance County
651 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
0.09
acres
-
📈 11.3% Gross Cap Rate
-
🏠 7 Single-Family Rental Homes
-
🌳 1 Vacant Lot
-
💰 $4,515/Month Rental Income
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🤝 Long-Term Tenants
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🛠️ Low-Maintenance Floor Plans
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
$72,500
-
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….
651 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 $7,500 less)
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Sq Ft: ⬆️ (Larger by 140 sqft)
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Cost/SqFt: ⬇️ (Sold for $46 less per sqft)
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Condition: ⬇️ (Needs renovation vs. Active rental)
651 Marshall Street is being offered as a stabilized rental, which explains why it is priced higher than the home on Hargrove Street, which was sold as a renovation project. While this sold listing is larger and sits on more land, its interior is visibly dated with wood paneling and older finishes that likely required significant work to reach rental standards. However, even when accounting for the ‘as-is’ nature of the other property, the price for the home for sale is quite high for its very small footprint. It is a convenient option for an investor looking for immediate cash flow, but you are paying a significant premium for that convenience compared to recent local sales.
🔴 While 651 Marshall Street offers the benefit of being a performing rental, the price per square foot is significantly higher than nearby sales like this one.
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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.
651 Marshall Street
Henderson, NC 27536
651 Marshall Street
Henderson, NC 27536
$480,000
$480,000
Not in a Subdivision – Henderson Township – Vance County
651 Marshall St
Henderson
1 br
484 sqft
$480,000
TWP Henderson
CTY Vance
SUB Not in a Subdivision