Excellent investment opportunity - fully leased duplex in Cary! Each apartment has 4BD/4BA with hardwood flooring throughout most of each apartment. Owner has made many improvements including new roof (2010), vinyl windows ( 2007), replaced HVAC units ( 2008 & 2012), installed french drain and vapor barrier in crawlspace. Apt. 550- $895/mo - exp. 10/31/15; Apt 552-$895/mo - exp. 05/31/16.
Multi-familyProperty Type
1966Year Built
3 spacesParking
Listed by Diane Murdock• Raleigh Investment Real Estate
Listed by Raleigh Investment Real Estate Snyder• Raleigh Investment Real Estate
TENANT OCCUPIED. 48 HOUR NOTICE REQUIRED TO SHOW. MONDAY SHOWINGS MUST BE SCHEDULED BY FRIDAY. BUILDING IS OPERATED AS 8 SEPARATE UNITS W/ ONE COMMON KITCHEN IN EACH APT. OWNER PAYS ALL UTILITIES. AVG. $550/MONTH. 8 SEPERATE LEASES. CALL OFFICE FOR EXPIRATIONS.
TMLS #2011670
Jul 29, 2015
Sold
$209,500
Jul 29, 2015
Sold
$209,500
Jun 7, 2015
Pending
—
Jun 4, 2015
Listed
$214,900
Jun 3, 2015
Listed
$214,900
+1
Excellent investment opportunity - fully leased duplex in Cary! Each apartment has 4BD/4BA with hardwood flooring throughout most of each apartment. Owner has made many improvements including new roof (2010), vinyl windows ( 2007), replaced HVAC units ( 2008 & 2012), installed french drain and vapor barrier in crawlspace. Apt. 550- $895/mo - exp. 10/31/15; Apt 552-$895/mo - exp. 05/31/16.
TMLS #864687
Jul 31, 2006
Sold
$195,000
Jul 31, 2006
Sold
$195,000
Jul 1, 2006
Listing Removed
—
May 12, 2006
Listed
$229,900
May 12, 2006
Listed
$229,900
Public Records
Jun 30, 2003
Sold
$165,000
Public Records
Dec 23, 1997
Sold
$158,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,755 (+2.2%)
$185,000 + $248,461
$433,461
2024
$3,675 (+48.9%)
$185,000 + $248,461
$433,461
2023
$2,468 (+3.8%)
$185,000 + $248,461
$433,461
2022
$2,378 (+2.0%)
$84,000 + $158,356
$242,356
2021
$2,330 (−0.5%)
$84,000 + $158,356
$242,356
2020
$2,342 (+20.1%)
$84,000 + $158,356
$242,356
2019
$1,950 (+6.5%)
$84,000 + $158,356
$242,356
2018
$1,832 (+4.0%)
$60,000 + $118,409
$178,409
2017
$1,762 (+1.5%)
$60,000 + $118,409
$178,409
2016
$1,735 (−21.2%)
$60,000 + $118,409
$178,409
2015
$2,203 (+6.0%)
$60,000 + $118,409
$178,409
2014
$2,079 (+4.9%)
$68,000 + $151,755
$219,755
2013
$1,983 (+2.3%)
$68,000 + $151,755
$219,755
2012
$1,939
$68,000 + $151,755
$219,755
2011
$1,939
$68,000 + $151,755
$219,755
Tax history for 550 SW Maynard Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,755 (+2.2%)
$185,000 + $248,461
$433,461
2024
$3,675 (+48.9%)
$185,000 + $248,461
$433,461
2023
$2,468 (+3.8%)
$185,000 + $248,461
$433,461
2022
$2,378 (+2.0%)
$84,000 + $158,356
$242,356
2021
$2,330 (−0.5%)
$84,000 + $158,356
$242,356
2020
$2,342 (+20.1%)
$84,000 + $158,356
$242,356
2019
$1,950 (+6.5%)
$84,000 + $158,356
$242,356
2018
$1,832 (+4.0%)
$60,000 + $118,409
$178,409
2017
$1,762 (+1.5%)
$60,000 + $118,409
$178,409
2016
$1,735 (−21.2%)
$60,000 + $118,409
$178,409
2015
$2,203 (+6.0%)
$60,000 + $118,409
$178,409
2014
$2,079 (+4.9%)
$68,000 + $151,755
$219,755
2013
$1,983 (+2.3%)
$68,000 + $151,755
$219,755
2012
$1,939
$68,000 + $151,755
$219,755
2011
$1,939
$68,000 + $151,755
$219,755
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.39 Acres
Year renovated
1966
Sq. Ft.
2,464
Year built
1966
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
0763.09 15 4965 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
TR
WATERSHED PROTECTION OVERLAY
Transitional Residential District
The TR district is established as a district in which the principal use of land is for a variety of residential uses, and is appropriate in areas where the Comprehensive Plan supports medium or high density residential use, with the exception of multi-family structures. This district is appropriate for infill developments smaller than 10 acres in established neighborhoods, for denser residential neighborhoods, and for areas identified as supporting medium-density residential uses in Cary’s Comprehensive Plan. The regulations of this district are intended to allow innovation in the arrangement of buildings within such developments. The minimum lot size for detached dwellings is 5,000 sq ft, and the maximum density allowed is 6 units per acre.
Zone overlays
Watershed Protection Overlay District
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Recreation
Communications tower
Park & open space
Property details
Parking
Parking Information
Parking Total: 3
Interior
Interior Features
Flooring: Hardwood, Tile, Vinyl
Room Information
Crawl Space
Multi-Family Financial Information
Number Of Units Total: 2
Owner Pays: None
Exterior
Building Information
Construction Materials: Brick Veneer
Building Area Total: 0.0
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Electric, Heat Pump
Cooling: Yes
Cooling Information: Heat Pump
Location
School Information
Elementary School: Wake - Cary
Middle Or Junior School: Wake - Reedy Creek
High School: Wake - Cary
Location Information
County Or Parish: Wake
Directions: From I-40, take Exit 291 (Cary Towne Blvd), turn left onto Maynard Rd., duplex is on right past Kildaire Farm Rd.
Latitude: 35.771976
Longitude: -78.792785
Postal Code: 27511
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,464
Stories: 1.0
Lot Size: 0.39 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1966
Year Renovated: 1966
County: Wake County
APN: 0763.09 15 4965 000
Home facts updated by county records on Aug 11, 2026
Other
Listing Date Information
Contract Status Change Date: 2015-08-03
Photos Change Timestamp: 2023-11-28T21:47:10Z
Around this home
Schools
Cary Elementary
Public PreK-5 • Assigned • 0.9mi
8/10
East Cary Middle School
Public 6-8 • Assigned • 1.7mi
8/10
Cary High
Public 9-12 • Assigned • 1.5mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
61% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Cary, NC • 27511
Average low and high temperatures (°F)
48
29
54
36
70
46
77
55
79
60
89
70
91
74
82
67
81
64
72
52
65
45
53
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$479,000 – $579,000
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