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Residential Land for Sale in Henderson, North Carolina

623 Marshall St, Henderson, NC 27536

$5,000
0.07 acres
Active
ago
Est $75/mo

Investor Opportunity - Performing Rental Portfolio in Henderson, NC. Rare chance to acquire a cash-flowing residential portfolio located along Marshall Street. Purchase options available: 3-property package including 621, 623 (vacant lot), and 631 Marshall Street offered at $167,300, or full portfolio package consisting of 7 single-family rental homes plus 1 vacant lot. Full package addresses include 621,623 (lot), 631, 646, 647, 648, 650, and 651 Marshall Street. Total package price $524,250. Gross cap rate over 10%.Each home features a 1 bedroom / 1 bathroom layout with kitchen and living room, offering efficient, low-maintenance floor plans ideal for long-term rentals. Most tenants are long-standing and willing to remain, providing immediate, stabilized income. Current gross rental income is $4,515 per month. Units at 631 and 646 have leases secured through June 2026; remaining units are occupied on month-to-month terms. Value-add opportunity exists to update units over time and increase rents. Ideal for investors seeking stable cash flow, minimal vacancy risk, and portfolio growth in an established North Carolina rental market.

Location

Street address
623 Marshall St
Elevation
476 feet
Coordinates
36.3189, -78.3998

Property details

Lot size
0.07 acres3,049 sq ft
MLS #
DMLS 10145319
Posted

Property taxes

2025
$18 - 623 Marshall St

Parcels

  • 0091 01010

Details and features

Listing

Type
Land

Lot

Vegetation
Cleared

Structure

Water
Public
Sewer
Public Sewer

Nearby schools

NameType
Vance - YanceyElementary
Vance - Vance CountyMiddle
Vance - Vance CountyHigh

Listing history

DateEventPriceChangeSource
Feb 7, 2026New listing$5,000DMLS
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This 0.07-acre property is located at 623 Marshall St in Henderson, NC 27536. The property is available for sale for $5,000.

Checked 1 hour ago — Updated

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