Fantastic investment opportunity: a 9-unit rental portfolio with over 10% cap rate with potential to increase, consisting of a 3 bedroom 2 baths 1500 sqft house, 2 doublewide mobile homes, and 6 single wide homes. Long-term tenants are willing to stay. It has county water and is only a 30-minute drive to Raleigh. Please do not disturp tenants
MOTIVATED SELLER! Highly desirable Raleigh Rd real estate! Property has 9 separate dwellings including a single dwelling home and 8 mobile homes. 8 are currently rented. Flat property, within feet of new Dollar General, within a minute to US1 and gas stations! HOT HOT HOT LOCATION!! Add this property to your portfolio or develop it even further.
Public Records
Feb 12, 2021
Sold
$185,000
$23/sq ft
TMLS #674262
Jul 3, 2003
Sold
$185,000
$23/sq ft
Jul 3, 2003
Sold
$185,000
$23/sq ft
Apr 25, 2003
Listing Removed
—
Feb 1, 2003
Listed
$180,000
$23/sq ft
Feb 1, 2003
Listed
$180,000
$23/sq ft
Well-maintained owner's residence with updates; concrete block construction with vinyl siding over; nice hardwood floors, wallpaper; very good condition. Property also includes 3 DOUBLEWIDE and 5 SINGLEWIDE mobile homes; mobiles currently rented at $2080/month income. City water; shared septics. EXCELLENT INVESTMENT OPPORTUNITY.
Year
Property tax
Land + Additions
Assessment*
2025
$3,413 (+31.6%)
$92,250 + $314,656
$406,906
2024
$2,593 (+53.7%)
$92,250 + $314,656
$406,906
2023
$1,687
$92,250 + $223,012
$315,262
2022
$1,687 (−40.9%)
$45,000 + $115,062
$160,062
2021
$2,854 (+7.9%)
$45,000 + $115,062
$160,062
2020
$2,645 (+1.3%)
$45,000 + $115,062
$160,062
2019
$2,611 (+1.1%)
$33,000 + $107,319
$140,319
2018
$2,582 (+3.4%)
$33,000 + $107,319
$140,319
2017
$2,498 (+54.4%)
$33,000 + $107,319
$140,319
2015
$1,618
$33,000 + $105,819
$138,819
2014
$1,618 (+1.1%)
$60,000 + $121,961
$181,961
2013
$1,601
$60,000 + $121,961
$181,961
Public record
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
3 Acres
Year renovated
—
Finished Sq. Ft.
1,332
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,332
Year built
1948
Style
Single Family Residential
County
Vance County
APN
0224 02011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being 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
40% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Henderson, NC • 27537
Average low and high temperatures (°F)
46
27
51
33
67
43
75
52
76
57
87
67
88
72
82
66
78
62
70
49
63
42
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3845 Raleigh
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