INCREDIBLE INVESTMENT OPPORTUNITY-TURNKEY INVESTMENT-POSITIVE CASHFLOW. THIS PROPERTY CAN BE PART OF A PACKAGE DEAL WITH OTHER PROPERTIES IN AREA (MLS #'S 890452,890390,890456,890124,890243,890470. OWNERS MOVING OUT OF STATE. CURRENTLY LEASED. BEING SOLD 'AS-IS'. SQFT FROM TAX RECORDS. OCCUPIED SINCE 10/05-RENT $650/MONTH.
INCREDIBLE INVESTMENT OPPORTUNITY-TURNKEY INVESTMENT-THIS PROPERTY CAN BE PART OF A PACKAGE DEAL WITH MLS#807711,807707,807704,807703,807698 CURRENTLY RENTED DUPLEXES, CASH FLOW POSITIVE, OWNERS ARE LICENSED AGENTS. YOU CAN BENEFIT FROM THIS ALREADY 'SET UP' RENTAL OPPORTUNITY. BEING SOLD 'AS IS'. SQUARE FT FROM TAX RECORDS. CALL LISTING AGENT TO SHOW - NOT SHOWN THRU CSS
Public Records
Jul 29, 2002
Sold
$49,100
$51/sq ft
TMLS #643835
Jul 29, 2002
Sold
$49,000
$51/sq ft
Jun 16, 2002
Listing Removed
—
Jun 6, 2002
Listed
$49,900
$52/sq ft
CAN YOU EVEN BELIEVE THIS???? 3 BEDROOMS UNDER $50,000!!!! LOOKING FOR QUICK, CLEAN CONTRACT; CALL YOUR BUYERS AND/OR INVESTORS!! NEW CARPET & EXTERIOR PAINT; LOCATED IN DOWNTOWN WAKE FOREST; YOU CAN OWN AS CHEAPLY OR EVEN CHEAPER THAN RENTING!!! HURRY - THIS ONE WILL NOT LAST!!!
Year
Property tax
Land + Additions
Assessment*
2025
$1,403 (+0.4%)
$25,000 + $122,575
$147,575
2024
$1,398 (+19.6%)
$25,000 + $122,575
$147,575
2023
$1,168 (+4.2%)
$25,000 + $122,575
$147,575
2022
$1,121 (+1.7%)
$20,250 + $78,571
$98,821
2021
$1,102
$20,250 + $78,571
$98,821
2020
$1,102 (+12.2%)
$20,250 + $78,571
$98,821
2019
$983 (+5.5%)
$20,250 + $78,571
$98,821
2018
$931 (+3.4%)
$18,000 + $59,591
$77,591
2017
$901 (+1.3%)
$18,000 + $59,591
$77,591
2016
$889 (−14.4%)
$18,000 + $59,591
$77,591
2015
$1,038 (+3.2%)
$18,000 + $59,591
$77,591
2014
$1,006 (+5.0%)
$23,400 + $66,417
$89,817
2013
$958
$23,400 + $66,417
$89,817
2012
$958
$23,400 + $66,417
$89,817
2011
$958
$23,400 + $66,417
$89,817
Tax history for 409 Spring St
Year
Property tax
Land + Additions
Assessment*
2025
$1,403 (+0.4%)
$25,000 + $122,575
$147,575
2024
$1,398 (+19.6%)
$25,000 + $122,575
$147,575
2023
$1,168 (+4.2%)
$25,000 + $122,575
$147,575
2022
$1,121 (+1.7%)
$20,250 + $78,571
$98,821
2021
$1,102
$20,250 + $78,571
$98,821
2020
$1,102 (+12.2%)
$20,250 + $78,571
$98,821
2019
$983 (+5.5%)
$20,250 + $78,571
$98,821
2018
$931 (+3.4%)
$18,000 + $59,591
$77,591
2017
$901 (+1.3%)
$18,000 + $59,591
$77,591
2016
$889 (−14.4%)
$18,000 + $59,591
$77,591
2015
$1,038 (+3.2%)
$18,000 + $59,591
$77,591
2014
$1,006 (+5.0%)
$23,400 + $66,417
$89,817
2013
$958
$23,400 + $66,417
$89,817
2012
$958
$23,400 + $66,417
$89,817
2011
$958
$23,400 + $66,417
$89,817
*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
1
Stories
1
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
2000
Sq. Ft.
960
Year built
1990
Style
Single Family Residential
County
Wake County
APN
1841.19 62 4137 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
UR
Urban Residential
The urban residential district is established as a predominately residential district in which a variety of type of housing is permitted including single family and duplex residences small apartment building and townhouse.
Property details
Parking
Parking Information
Parking Features: Concrete, Driveway
Interior
Bathroom Information
Bathrooms Full: 1
Bedroom Information
Bedrooms Total: 3
Interior Features
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Laundry Features: In Kitchen, Laundry Closet, Main Level
Interior Features: Eat-in Kitchen
Flooring: Carpet, Vinyl
Exterior
Building Information
Construction Materials: Masonite
Building Area Total: 960.0
Property information
Above Grade Finished Area: 960.0
Below Grade Finished Area: 0.0
Levels: One
Ownership Type: Other
Lot Information
Lot Size Acres: 0.13
Lot Size Area: 0.13
Lot Size Dimensions: to follow
Lot Size Square Feet: 5662.8
Lot Size Units: Acres
Financial
Financial Information
Buyer Financing: Other
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Baseboard, Electric
Cooling: No
Cooling Information: None
Location
HOA Information
Association: No
Association Fee Includes: None
School Information
Elementary School: Wake - Heritage
Middle Or Junior School: Wake - Heritage
High School: Wake - Wake Forest
Location Information
County Or Parish: Wake
Directions: Capital Blvd/US-1 N to R onto NC-98; go under bridge, take immediate L onto White St, then first R onto E Spring St. House on L.
Latitude: 35.98053
Longitude: -78.505089
Postal Code: 27587
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 960
Stories: 1.0
Lot Size: 5,663 square feet
Style: Single Family Residential
Year Built: 1990
Year Renovated: 2000
County: Wake County
APN: 1841.19 62 4137 000
Home facts updated by county records on Aug 10, 2026
Other
hidden custom fields
In Kitchen, Laundry Closet, Main Level
Around this home
Schools
Richland Creek Elementary School
Public PreK-5 • Assigned • 1.9mi
8/10
Wake Forest Middle School
Public 6-8 • Assigned • 2.3mi
4/10
Wake Forest High School
Public 9-12 • Assigned • 0.6mi
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 106° expected this year, 17 days in 30 years
6/10 Wind Factor
53% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wake Forest, NC • 27587
Average low and high temperatures (°F)
48
29
54
35
70
46
78
54
79
59
89
69
91
73
81
67
80
63
72
52
65
45
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$214,000 – $259,000
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