For sale

Price cut: $25K (7/7)

$525,000

3845 Raleigh Rd, Henderson, NC 27537

21beds

8,000sqft

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Quadruplex, Multi Family, Manufactured Home

Built in 1948

-- sqft lot

$494,900 Zestimate^®

$66/sqft

$-- HOA

What's special

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

44 days

776

43

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 21
Bathrooms: 12
Full bathrooms: 12

Heating

Forced Air, Heat Pump

Cooling

Central Air, Wall Unit(s), Window Unit(s)

Features

Flooring: Hardwood, Vinyl

Interior area

Total structure area: 8,000
Total interior livable area: 8,000 sqft
Finished area above ground: 8,000
Finished area below ground: 0

Property

Parking

Total spaces: 10
Parking features: Driveway
Covered spaces: 9
Uncovered spaces: 1

Features

Levels: One
Stories: 1
Has view: Yes

Lot

Size: 3 Acres

Details

Parcel number: 0224 02011
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Manufactured Home

Materials

Metal Siding, Vinyl Siding
Foundation: Block, Raised
Roof: Metal, Shingle

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Subdivision: Not in a Subdivision

HOA

Has HOA: No

Location

Region: Henderson

Financial & listing details

Price per square foot: $66/sqft
Tax assessed value: $315,262
Annual tax amount: $3,413
Date on market: 6/5/2026
Lease term: Month To Month

Estimated market value

$494,900

$470,000 - $520,000

$951/mo

Price history

Date	Event	Price
7/7/2026	Price change	$525,000-4.5%$66/sqft
Source: Doorify MLS #10172250 Report a problem
6/5/2026	Listed for sale	$550,000+50.7%$69/sqft
Source: Doorify MLS #10172250 Report a problem
11/4/2024	Sold	$365,000+4.3%$46/sqft
Source: Public Record Report a problem
1/3/2023	Sold	$350,000-6.7%$44/sqft
Source: Doorify MLS #2469409 Report a problem
1/3/2023	Pending sale	$375,000$47/sqft
Source: RE/MAX International #2469409 Report a problem
1/3/2023	Listing removed	--
Source: RE/MAX International Report a problem
11/29/2022	Pending sale	$375,000$47/sqft
Source: Doorify MLS #2469409 Report a problem
10/20/2022	Price change	$375,000-3.8%$47/sqft
Source: Doorify MLS #2469409 Report a problem
9/26/2022	Price change	$390,000-2.5%$49/sqft
Source: Doorify MLS #2469409 Report a problem
8/18/2022	Listed for sale	$400,000+116.2%$50/sqft
Source: Doorify MLS #2469409 Report a problem
2/12/2021	Sold	$185,000$23/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,413 +38.3%	$315,262
2024	$2,468 +46.3%	$315,262 +97%
2023	$1,687	$160,062
2022	$1,687 -40.9%	$160,062
2021	$2,854 +7.9%	$160,062 +14.1%
2020	$2,645 +1.3%	$140,319
2019	$2,611 +1.1%	$140,319
2018	$2,582 +3.4%	$140,319
2017	$2,498 +78.2%	$140,319 +1.1%
2016	$1,402	$138,819 -23.7%
2015	$1,402 -13.4%	$181,960 0%
2014	$1,619	$181,961

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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