Sold for $775,000 on 07/09/25
$775,000
12600 Old Stage Rd, Willow Spring, NC 27592
20beds
10,823sqft
Duplex, Residential
Built in 1920
-- sqft lot
$825,500 Zestimate®
$72/sqft
$1,136 Estimated rent
Home value
$825,500
$784,000 - $867,000
$1,136/mo
Zestimate® history
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Owner options
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What's special
A rare opportunity to acquire a high-performing rental portfolio generating over $100,000 in annual rental income with a 10% CAP rate. This 8.6-acre property includes 5 single-family homes and 4 duplexes (12 doors total)—most of the homes have been extensively renovated and are leased through February 2026, with just one unit currently on a month-to-month lease. The homes are in move-in ready condition, offering a turnkey solution for investors seeking immediate cash flow. Strategically located near Panther Lake, this property also provides potential for creative long-term exit strategies, future development, or value-add opportunities. A vacant duplex on-site presents the possibility to increase the portfolio to 14 total units, further enhancing returns. With room to raise rents and long-term growth potential, this property offers both stability and upside for savvy investors.
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 01:08am
Listed by:
Robert William Buesser 201-675-6780,
DASH Carolina
Bought with:
KEVIN Van Zyl, 161849
Kevin Van Zyl
Source: Doorify MLS,MLS#: 10102712
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 12
- Full bathrooms: 12
Heating
- See Remarks
Cooling
- Other
Features
- Flooring: Vinyl
Interior area
- Total structure area: 10,823
- Total interior livable area: 10,823 sqft
- Finished area above ground: 10,823
- Finished area below ground: 0
Property
Parking
- Total spaces: 20
- Parking features: Open
- Uncovered spaces: 20
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 8.61 Acres
Details
- Parcel number: 0696109576
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Residential
- Attached to another structure: Yes
Materials
- Concrete
- Foundation: Concrete, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Septic Tank, Shared Septic
- Water: Shared Well
Community & neighborhood
Location
- Region: Willow Spring
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2025 | Sold | $775,000-7.2%$72/sqft |
Source: | ||
| 6/17/2025 | Pending sale | $835,000$77/sqft |
Source: | ||
| 6/12/2025 | Listed for sale | $835,000+138.6%$77/sqft |
Source: | ||
| 12/10/2021 | Sold | $350,000+7.7%$32/sqft |
Source: Public Record | ||
| 4/27/2005 | Sold | $325,000+19.9%$30/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,539 +2.6% | $350,129 |
| 2024 | $2,474 -40.7% | $350,129 -29.6% |
| 2023 | $4,176 +7.3% | $497,102 |
Find assessor info on the county website
Neighborhood: 27592
Nearby schools
GreatSchools rating
- 9/10Willow Springs ElementaryGrades: K-5Distance: 2.9 mi
- 5/10Fuquay-Varina MiddleGrades: 6-8Distance: 6 mi
- 5/10Willow Spring HighGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Wake - Willow Springs
- Middle: Wake - Herbert Akins Road
- High: Wake - Willow Spring
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$825,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$825,500
