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313 Main Street

Knightdale, NC 27545

6 beds
2 baths
2,173 sqft
~3/4 acre lot
$202 per sqft
1964 build
– on site

ATTENTION INVESTORS! Rare Duplex offered in Knightdale at an in place Cap Rate of 7.2% based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. Being offered 100% occupied with below market rents. Perfectly situated in a prime location within walking distance to groceries and restaurants and Knightdale Station Park. Knightdale has hundreds of jobs and good schools but is also just a short drive to downtown Raleigh on Hwy 64 or 540. The current owners have made significant upgrades with over $40K in renovations the last 2 years including a new roof in 2023 and a full gut remodel on unit 313 featuring new kitchen and bathroom cabinets and appliances and flooring. A full basement Encapsulation was done in 2023 as well, with an HVAC air handler upgrade for unit 313. All new windows throughout in 2013. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors. Also it currently has a married 2nd lot that has the potential to be developed or separated and sold, or the whole property could possibly be rezoned with surrounding area to be a mixed commercial and residential development on a trophy piece of land in Knightdale.

Listing courtesy of DMLS / Keller Williams Elite Realty

Last checked: Checking… • Last updated Apr 7, 2025 •

MLS# 10085819 —

The Building

Year Built:

1964
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Traditional
Roof:

Shingle
Foundation Details:

Slab
Stories:

1
Levels:

One
Basement:

true
Basement:

Crawl Space
Patio And Porch Features:

Front Porch
Building Area Total:

2173
Building Area Units:

Square Feet
Above Grade Finished Area:

2173
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet

Interior

Rooms Total:

10
Flooring:

Vinyl

Room Dimensions

Living Area:

2173
Living Area Units:

Square Feet

Financial & Terms

Lease Term:

12 Months

Location

Directions:

via S First Ave. Head southeast toward Bethlehem Rd. Turn left onto Bethlehem Rd Continue onto S First Ave. Continue onto Old Knight Rd.
Latitude:

35.790688
Longitude:

-78.483922
Coordinates:

-78.483922, 35.790688

The Property

Property Type:

Residential
Property Subtype:

Duplex
Property Attached:

true
Parcel Number:

1754330140
Lot Size Acres:

0.83
Lot Size Area:

36154.8
Lot Size SqFt:

36154.8
Lot Size Units:

Square Feet
View:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

3500.25

Beds

Bedrooms Total:

6

Baths

Total Baths:

2
Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://download-video-ak.vimeocdn.com/v3-1/playback/293ccd52-ed19-4283-8802-d83418b7d6fa/37c4a1f3-e749880f?__token__=st=1743616555~exp=1743630955~acl=%2Fv3-1%2Fplayback%2F293ccd52-ed19-4283-8802-d83418b7d6fa%2F37c4a1f3-e749880f%2A~hmac=127256d59b21f59b95f051eab87fc4ff2cd8d844f8bc8fc096c902a5a3723afa&r=dXMtd2VzdDE%3D
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Natural Gas
Heating:

true
Cooling:

Electric
Cooling:

true

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Wake - Lockhart
Middle Or Junior School:

Wake - Neuse River
High School:

Wake - Knightdale

The Community

Subdivision Name:

Not in a Subdivision
Association:

false
Pool Private:

false

Parking

Garage:

false
Open Parking:

true
Open Parking Spaces:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/6/25 Apr 6, 2025	Pending	DMLS	$439,900
3/31/25 Mar 31, 2025	Listed / Active	DMLS	$439,900

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This multifamily located in Old Town Knightdale, Knightdale, NC 27545 is currently pending sale for $439,900. 313 Main Street is a 2,173 square foot multifamily with 6 beds and 2 baths that has been on Estately for 20 days. 313 Main Street is in the Old Town Knightdale neighborhood of Knightdale and has a WalkScore® of 47, making it car-dependent. This multifamily is in the attendance area of Lockhart Elementary School, Knightdale High School, and Neuse River Middle School.

Listing Courtesy of: DMLS and Keller Williams Elite Realty.

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.