Location
Agent Comments
TWO HOUSES, ONE PARCEL! A rare opportunity to pick up two income-producing single-family rental homes with one purchase. Both homes are currently tenant occupied, providing rental income from day one.
216 E Payton Street offers 3 bedrooms and 1 bathroom and currently rents for $500 per month. 502 N Independence Street offers 2 bedrooms and 1 bathroom and currently rents for $425 per month.
With both homes currently rented below market rates, there is potential for increased rental income. Located close to shopping, dining, employment, and everything Kinston has to offer.
Whether you're looking to expand an existing rental portfolio or acquire multiple rental properties in a single transaction, this property deserves a look. Two detached homes, two rental income streams, one parcel--bring your investment strategy and take advantage of the potential. No trespassing. DO NOT DISTRUB TENANTS.
Additional Features
- County: Lenoir
- Days on Market: 45
- Pool: No
- Property Sub Type: Duplex
- Tax Number: 2147483647
- Year Built: 1930
- Property Type: Rental Income
- Tax Year: 2026
Financial
- Short Sale: Standard
Interior Features
- Cool System: Wall/Window Unit(s)
- Heat System: Electric, Radiant
- Interior: None
- Levels: One
- Heating Fuel: Electric
- Basement Description: None
Exterior Features
- Fuel Tanks: None
- Parking: Off Street
- Roof: Shingle
- Siding: Vinyl Siding
- Is New Construction: No
- Construction: Vinyl Siding,Wood Frame
- Foundation: Crawl Space
- Garage Spaces: 0
- Parking Spaces: 0
- Fencing: None
- Exterior: Vinyl Siding
- Patio/Deck Description: Porch
- Zoning: R
- Building Total Area (Sq.Ft): 2030
- Road Improvements: See Remarks
- View Description: See Remarks
Location
- Directions: From E Vernon Ave and N Independence take N Independence towards E Peyton Ave. The property is on the cover of N Independence and E Peyton.
- Street Number: 216
- County: Lenoir
- Latitude: 35.26524
- Longitude: -77.577971
- Subdivision: Not In Subdivision
- Marketing City: Kinston
Listed by: The Nilsen Team from eXp Realty.