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For sale
    • $1,288,000

    310 Culvert St, Apex, NC 27502

    8beds
    4,032sqft
    : 
    $8,013/mo
    Get pre-qualified
    Quadruplex
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $319/sqft
    $-- HOA

    What's special

    Fully occupied quadplex
    310 Culvert Street | Downtown Apex, NC Prime Covered Land Investment | Fully Occupied Quadplex | 1031 Exchange Opportunity | Redevelopment Potential Rare opportunity to acquire a fully occupied, income-producing quadplex in the heart of Downtown Apex, offering immediate cash flow, valuable land, and multiple paths to maximize your investment. Ideally suited for 1031 Exchange buyers, developers, and long-term investors, 310 Culvert Street represents a compelling covered land opportunity: generate rental income from four existing units while preserving the flexibility to pursue future redevelopment. The property's investment potential extends well beyond its current use. A proposed five-unit condominium development has already completed initial review with the Town of Apex, providing a valuable head start for investors considering a for-sale or build-to-rent project. Alternatively, the property presents the potential for a luxury single-family redevelopment in one of the Triangle's most desirable downtown communities, subject to applicable approvals. Located just minutes from historic Salem Street, with convenient access to shopping, dining, entertainment, and major Triangle employment centers, this property combines the appeal of an established downtown location with the opportunity to capitalize on Apex's continued growth. Four existing income-producing units. Five-unit condominium development potential. One exceptional downtown investment opportunity. Whether your strategy is to buy and hold, complete a 1031 Exchange, or reposition the property for future development, 310 Culvert Street offers a rare combination of current income, location, and long-term upside. Buyer to verify rental income, zoning, development feasibility, municipal approvals, and 1031 Exchange eligibility. Current owner had a 5 unit condo plans and renderings that have preliminary been reviewed by the Town of Apex. This is a huge savings in both time and money for next owner looking to do a redevelopment with best of use of land in mind.
    1 day
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jeremy James Glasson 919-630-3708,

    LPT Realty, LLC

    Source: Doorify MLS,MLS#: 10197879MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 4
      • 1/2 bathrooms: 4
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Microwave, Range, Refrigerator, Range Hood
      • Laundry: Laundry Closet, Electric Dryer Hookup, Inside, Washer Hookup
      Features
      • Chandelier, Laminate Counters, Bathtub/Shower Combination
      • Flooring: Carpet, Tile, Wood
      • Windows: Wood Frames
      • Common walls with other units/homes: 1 Common Wall,2+ Common Walls,End Unit,No One Above,No One Below
      Interior area
      • Total structure area: 4,032
      • Total interior livable area: 4,032 sqft
      • Finished area above ground: 4,032
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 84
      • Parking features: Open
      • Uncovered spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Front and rear of each unit.
      • Patio & porch: Deck, Porch
      • Exterior features: Other
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: See Remarks, Trees/Woods
      • Frontage type: Other
      Lot
      • Size: 0.4 Acres
      • Features: Back Yard, Few Trees, Front Yard
      • Residential vegetation: Cleared, Partially Wooded
      Details
      • Additional structures: None
      • Parcel number: 074219501639000 0062363
      • Zoning: HD MF
      • Special conditions: Standard
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Vinyl Siding
      • Foundation: Brick/Mortar, Concrete Perimeter, Pillar/Post/Pier, Raised, Crawlspace
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

      Community & HOA

      Community
      • Features: Suburban, Street Lights
      • Security: Fire Alarm
      • Subdivision: Town Lot
      HOA
      • Has HOA: No
      • Amenities included: None
      Location
      • Region: Apex

      Financial & listing details

      • Price per square foot: $319/sqft
      • Tax assessed value: $1,801,669
      • Annual tax amount: $16,485
      • Date on market: 10/12/2026
      • Listing agreement: Exclusive Right With Exception
      • Listing terms: 1031 Exchange,Cash,Conventional,Other
      • Lease term: 12 Months
      • Tenant pays: All Utilities
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/12/2026Listed for sale$1,288,000+460%$319/sqft
        Source: Doorify MLS #10197879 Report a problem
        12/1/2011Sold$230,000$57/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2017-- $580,960 -0.7%
        2016-- $585,142 +36.4%
        2015-- $428,908
        2014-- $428,908
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
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        Climate risks

        Neighborhood: 27502

        Getting around

        73 / 100
        Very Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Apex Elementary
        • Middle: Wake - Apex Middle
        • High: Wake - Apex High

        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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