Fantastic opportunity in Zebulon, NC with this beautifully updated duplex at 716 Shepard School Rd, featuring two 2-bedroom, 1-bath units with a great layout and strong income potential. Whether you're an investor looking to add a solid property to your portfolio or a buyer wanting to live in one side and rent the other, this is a rare chance to own a versatile property in a growing area. Both units were renovated in 2022 with new kitchens, new appliances (all appliances stay including refrigerator, washer & dryer in both units), LVP flooring, new doors, new bathrooms, new HVAC systems and ductwork, fresh interior paint, all new light fixtures and hardware, plus new decks and front porches. The backyard (fenced with a white vinyl privacy fence) is perfect for pets and kids alike, while off-street parking for 4 cars provides convenience for occupants and guests. Each side offers an inviting, functional floor plan open layout and updated finishes that make the property move-in ready. For owner-occupants, this is the perfect house hack opportunity--offset your mortgage by renting the other unit. For investors, identical units less than a mile away are renting for $1,300 per month, making this an attractive income-producing option. Conveniently located in Zebulon with easy access to nearby amenities, this duplex offers flexibility, updates, and value all in one. Don't miss your chance to own a property that works for both today's lifestyle and long-term investment goals.
What an opportunity! Rent one side, live in the other to keep your mortgage affordable! Duplex with two 2BR, 1BA units with laundry room, kitchen and nice size living room. Nice little deck for those cookouts and yard space that could easily be fenced in. Plenty of parking and walking distance to Food Lion. Roof was replaced within the last 5 years.
TMLS #666591
Jan 16, 2003
Sold
$95,700
$62/sq ft
Jan 16, 2003
Sold
$95,700
$62/sq ft
Dec 18, 2002
Listing Removed
—
Nov 25, 2002
Listed
$89,900
$58/sq ft
Nov 25, 2002
Listed
$89,900
$58/sq ft
HARD TO FIND AFFORDABLE DUPLEX IN ZEBULON - GREAT LOCATION NEAR SHEPHERD SCHOOL, I-64 & SHOPPING CENTER - BRAND NEW VINYL EXTERIOR - GREAT EXPOSURE FOR RENTING.
Year
Property tax
Land + Additions
Assessment*
2025
$2,910 (+0.3%)
$85,000 + $177,354
$262,354
2024
$2,901 (+79.4%)
$85,000 + $177,354
$262,354
2023
$1,617 (+3.1%)
$85,000 + $177,354
$262,354
2022
$1,569 (+3.8%)
$40,000 + $88,019
$128,019
2021
$1,512
$40,000 + $88,019
$128,019
2020
$1,512 (+38.8%)
$40,000 + $88,019
$128,019
2019
$1,089 (+5.1%)
$40,000 + $88,019
$128,019
2018
$1,036 (+4.5%)
$15,000 + $64,933
$79,933
2017
$991 (+1.2%)
$15,000 + $64,933
$79,933
2016
$979 (+3.2%)
$15,000 + $64,933
$79,933
2015
$949 (+3.2%)
$15,000 + $64,933
$79,933
2014
$920 (+3.9%)
$12,022 + $67,825
$79,847
2013
$886 (+1.1%)
$12,022 + $67,825
$79,847
2012
$876 (+1.2%)
$12,022 + $67,825
$79,847
2011
$866
$12,022 + $67,825
$79,847
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
1997
Sq. Ft.
1,536
Year built
1987
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
2705.06 37 5595 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
OI
Office And Institutional District
The Office Institutional District is established to accommodate office uses, institutional facilities, educational uses, research and development facilities, corporate headquarters, and multi-family residential uses in high quality single-building and multi-building developments. Buildings have a wide range of sizes and heights, based on their function. The district also accommodates the ancillary service uses necessary to support the predominant office and institutional development, but is not intended as a retail district. Retail, personal service, and other commercial uses permitted as accessory to an office or institutional use should not occupy more than ten percent of the floor area and should be configured to minimize visibility from off-site areas. The OI District also serves as a transition area between higher intensity commercial uses and nearby lower density single-family residential neighborhoods. Development in the OI district is subject to design standards to ensure it maintains compatibility with its surroundings.
Feb 6, 2023 • Final
Residential hvac or water heater replacement
HVAC
Dec 9, 2022 • Final
Residential hvac or water heater replacement
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Directions: From Raleigh take Hwy 64 east, take the Zebulon exit to right on Arendell Ave, turn left on Judd St, right on Shepard School Rd, third duplex on right.
Latitude: 35.829553
Longitude: -78.313182
Postal Code: 27597
Road Responsibility: Public Maintained Road
Community Information
Senior Community: No
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,536
Stories: 1.0
Lot Size: 10,454 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1987
Year Renovated: 1997
County: Wake County
APN: 2705.06 37 5595 000
Home facts updated by county records on Aug 11, 2026
Other
hidden custom fields
In Bathroom
Listing Date Information
Contract Status Change Date: 2026-05-28
Documents Change Timestamp: 2026-04-24T15:15:18Z
Photos Change Timestamp: 2026-04-22T18:04:46Z
Around this home
Schools
Zebulon Elementary
Public PreK-5 • Assigned • 0.8mi
5/10
Zebulon Middle
Public 6-8 • Assigned • 0.2mi
5/10
East Wake High School
Public 9-12 • Assigned • 6.4mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
64% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Zebulon, NC • 27597
Average low and high temperatures (°F)
48
29
55
35
70
46
77
54
79
59
89
68
90
73
81
67
80
64
72
51
65
44
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.