12600 Old Stage Rd

10,823 Sq. Ft.
$72 / Sq. Ft.
10,823
Sq. Ft.
$72
per Sq. Ft.

Description

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...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.

Property Details for 12600 Old Stage Road

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/28/2025 04:08 AM

Property Details for 12600 Old Stage Road

StatusClosed
MLS #10102712
Days on Market5
Taxes$2,474 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1920
Lot Size8.61 AC / 375,051 SF
CountyWake County

Location

Listing Courtesy of DASH Carolina

Sold By Kevin Van Zyl

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Building Information for 12600 Old Stage Road

Stories1Residences-Year Built1920Building Size-Lot Size8.61 AC / 375,051 SF

Payment Calculator

$3,983 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,777

Property Taxes

$206

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 12600 Old Stage Road

Summary
Location and General Information
  • Directions: Follow I-440 E, I-40 E and NC-540 W to Old Stage Rd. Exit from NC-540 W. Drive to Old Stage Rd.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.564743
  • Longitude: -78.690228
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,474.30
  • City Limits YN: No
  • Lot Number: 2
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2026-02-28
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Willow Springs
  • Middle Or Junior School: Wake - Herbert Akins Road
  • High School: Wake - Willow Spring
Parking
  • Open Parking: Yes
  • Garage: No
Property
Lot Information
  • Building Area Total: 10823.0
  • Architectural Style: Ranch
  • Total Other Area Sq Ft: 0
  • Parcel Number: 0696109576
  • Enhanced Accessible: No
  • Primary Residence YN: Yes
  • Sold PriceList Price: 0.93
Property and Assessments
  • New Construction: No
  • Photos Count: 11
  • Property Attached: Yes
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Septic Tank, Shared Septic
  • Water Source: Shared Well
  • Water_Sewer: Shared Well, Septic Tank, Shared Septic
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Foundation Details: Concrete, Slab
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Concrete
Interior Features
  • Levels: One
  • Stories: 1
  • Flooring: Vinyl
  • Cooling: Other
  • Cooling?: Yes
  • Heating: See Remarks
  • Interior: Concrete
Room Information
Room Information
  • Rooms Total: 1.0
Room 1
  • Room Level: Main
  • Room Type: Primary Bedroom
Agent
Sale and Listing
  • Property Type: Residential
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 12600 Old Stage Road

DateEvent & SourcePriceAppreciation
Jul 10, 2025

Sold

TRIANGLEMLS #10102712

Jul 10, 2025

Pending

TRIANGLEMLS #10102712

Jul 9, 2025

Sold (Public Record)

Public Record #1904549822

$775,000

+24.7% / yr

Jul 9, 2025

Sold

TRIANGLEMLS #10102712

$775,000
Jun 17, 2025

Pending

TRIANGLEMLS #10102712

Jun 12, 2025

Listed (Active)

TRIANGLEMLS #10102712

$835,000
Dec 2, 2021

Sold (Public Record)

Public Record #1478805645

$350,000
Dec 2, 2021

Sold (Public Record)

Public Record #1512091721

$180,000
Dec 2, 2021

Sold (Public Record)

Public Record #1478805633

$180,000

-3.5% / yr

Apr 27, 2005

Sold (Public Record)

Public Record #156544156

$325,000
DateEvent & SourcePrice
07/10/2025

Sold

TRIANGLEMLS #10102712

07/10/2025

Pending

TRIANGLEMLS #10102712

07/09/2025

Sold (Public Record)

Public Record #1904549822

$775,000

+24.7% / yr

07/09/2025

Sold

TRIANGLEMLS #10102712

$775,000
06/17/2025

Pending

TRIANGLEMLS #10102712

06/12/2025

Listed (Active)

TRIANGLEMLS #10102712

$835,000
12/02/2021

Sold (Public Record)

Public Record #1478805645

$350,000
12/02/2021

Sold (Public Record)

Public Record #1512091721

$180,000
12/02/2021

Sold (Public Record)

Public Record #1478805633

$180,000

-3.5% / yr

04/27/2005

Sold (Public Record)

Public Record #156544156

$325,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12600 Old Stage Road

Taxable ValueLand$109,788Additions$240,341Total$350,129
Tax Record2025$2,539 ($212 / month)
Home Facts
Baths6Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories1Lot Size375,052 SqFtStyleDuplexYear Built1920Year Renovated1957ZoningR-30CountyWAKEAPN0696.03-10-9576 0112309

Schools near 12600 Old Stage Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 11
Public - 9 to 13
Rating
School
Distance
Willow Springs Elementary
PublicK to 5

Connections Academy
Public6 to 8

Willow Spring High
Public9 to 11

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DASH Carolina

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 2024 Doorify MLS of North Carolina. All rights reserved.