647 Marshall St
Description
7 single-family rental homes + 1 vacant lot located on Marshall Street:
621, 623 (lot), 631, 646, 647, 648, 650, 651
Full portfolio price: $480,000
Current gross rental income: $4,515/month
Gross Cap Rate: ~11.3%
Each home features a 1 bed / 1 bath layout with low-maintenance floor plans. Most tenants are long-term and willing to stay, providing immediate, stable cash flow. Opportunity to increase rents through light updates over time. Ideal for...Investor Opportunity - Rental Portfolio in Henderson, NC
7 single-family rental homes + 1 vacant lot located on Marshall Street:
621, 623 (lot), 631, 646, 647, 648, 650, 651
Full portfolio price: $480,000
Current gross rental income: $4,515/month
Gross Cap Rate: ~11.3%
Each home features a 1 bed / 1 bath layout with low-maintenance floor plans. Most tenants are long-term and willing to stay, providing immediate, stable cash flow. Opportunity to increase rents through light updates over time. Ideal for investors seeking consistent income and portfolio growth in an established rental market. Package can be divided.
- Listed by Charlese Johnson • Choice Residential Real Estate
Property Details for 647 Marshall Street
Property Details for 647 Marshall Street
| Status | Active |
|---|---|
| MLS # | 10146946 |
| Days on Market | 101 |
| Taxes | $710 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1950 |
| Lot Size | 0.09 AC / 3,920 SF |
| County | Vance County |
Location
Building Information for 647 Marshall Street
Payment Calculator
$2,451 per month
30 year fixed, 6.36% Interest
$2,392
$59
$0
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1Property Information for 647 Marshall Street
- Directions: Take I-85 to Exit 39 (W. Andrews Ave). Turn right and proceed for approximately one mile. Turn right onto N. William St., continue for 0.5 miles, then turn left onto Arch Stand. Travel another 0.5 miles and turn left onto Marshall St.
- Subdivision Name: Not in a Subdivision
- Latitude: 36.318923
- Longitude: -78.399052
- Association: No
- Tax Annual Amount: $709.70
- City Limits Of: Henderson
- City Limits YN: Yes
- Lot Number: 0
- Restrictive Covenants YN: No
- Lease Expiration Date: 2026-02-28
- Original MLS: Triangle MLS Inc
- Property Leased YN: Yes
- Years Owned: 1 or More Year(s)
- Elementary School: Vance - Rollins Annex
- Middle Or Junior School: Vance - Vance County
- High School: Vance - Vance County
- Open Parking: No
- Parking Features: Varies by Unit
- Attached Garage: No
- Garage: No
- Building Area Total: 480.0
- Architectural Style: Bungalow
- Total Other Area Sq Ft: 0
- Parcel Number: 0091 02005
- Structure Type: House
- Enhanced Accessible: No
- Primary Residence YN: No
- New Construction: No
- Photos Count: 16
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Units: Square Feet
- Senior Community: No
- Sewer: Public Sewer
- Water Source: Public
- Water_Sewer: Public, Public Sewer
- Construction Materials: Vinyl Siding
- Foundation Details: See Remarks
- Pool Private: No
- Roof: Shingle
- New Construction Type: Vinyl Siding, House
- Levels: One
- Master Bedroom 1st Floor: 1
- Flooring: Tile, Wood
- Cooling: Window Unit(s)
- Cooling?: Yes
- Heating: See Remarks
- Interior: Varies by Unit, Vinyl Siding
- Equipment: Varies by Unit
- Rooms Total: 1.0
- Room Level: Main
- Room Type: Primary Bedroom
- Property Type: Residential
- Property Class Name: CrossProperty
- Lease Term: Month To Month
Property History for 647 Marshall Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 19, 2026 | Price Change TRIANGLEMLS #10146946 | $480,000 | — |
| Mar 19, 2026 | Price Change TRIANGLEMLS #10145323 | $480,000 | — |
| Feb 17, 2026 | Listed (Active) TRIANGLEMLS #10146946 | $64,000 | — |
| Feb 7, 2026 | Listed (Active) TRIANGLEMLS #10145323 | $64,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/19/2026 | Price Change TRIANGLEMLS #10146946 | $480,000 |
| 03/19/2026 | Price Change TRIANGLEMLS #10145323 | $480,000 |
| 02/17/2026 | Listed (Active) TRIANGLEMLS #10146946 | $64,000 |
| 02/07/2026 | Listed (Active) TRIANGLEMLS #10145323 | $64,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 647 Marshall Street
Schools near 647 Marshall Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
L B Yancey Elementary School PublicPK to 5 | ||
Vance Virtual Village Academy Public6 to 12 | ||
Northern Vance High School Public9 to 12 | ||
Vance County Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Choice Residential Real Estate
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