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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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4632 Kilcullen Dr , Raleigh, NC 27604
$824,950
Est. Payment: $4,251.14/mo
8 Bed
8 Bath
4192 Sqft
Status: active | Days on site: 45
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Updated Quadruplex in Prime Raleigh Location with Strong Cash Flow Potential Outstanding investment opportunity in the heart of Raleigh. This well maintained quadruplex sits on a desirable corner lot at Kilcullen and Hoyle Dr., offering excellent access to major employers, shopping, parks, and transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, providing a clean and modern living experience. Recent improvements include new windows throughout the building within the last five years, boosting energy efficiency and reducing long term operating costs. Ground level of each unit features durable LVP flooring, ideal for high traffic rental use. In addition each unit has 2 assigned off street parking spaces. Each unit offers a highly functional layout with two bedrooms, each with its own private bathroom area with toilet and sink. The bedrooms share a Jack and Jill shower/tub, a layout that maximizes privacy while keeping maintenance simple--an appealing feature for renters and a cost efficient setup for owners. Units A and D have just been rented at market rates, and both vacant units have been remodeled with new floor, paint, appliances and cabinets offering flexibility for an owner occupant or the ability to place a new tenant at market rent, enhancing immediate cash flow potential. The remaining units are tenant occupied; however, Unit B will be vacating shortly, and the unit will be updated with new carpet and paint. Kitchen and baths have already been remodeled. Tenants pay their own utilities, including garbage service, which helps keep operating expenses predictable and favorable for the owner. Location Benefits: This property is positioned in a high demand area of Raleigh, close to major employment hubs, universities, medical centers, and retail corridors. Raleigh's strong population growth and rental demand contribute to stable occupancy and competitive rents. The corner lot placement also provides easy access and visibility, adding long term value for both renters and investors. With its updates, efficient layout, tenant paid utilities, and prime location, this property is a compelling addition to any rental portfolio--designed for durability, consistent occupancy, and strong income performance. Listing agent will be selling three additional units in the area. All units are in similar condition to 4632 Kilcullen and will be listed after 4632 Sells. Owners will consider selling all properties together.

Highlights

Listed by Myron Von Raesfeld , 408-472-4025 Parker James Properties LLC , 919-771-8114. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.34

Year Built

1983

County

Wake

Neighborhood

Pepperdine

Listing ID

10163045

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:8
  • Full Bathrooms:4
  • 1/2 Bathrooms:4
Appliances:Dishwasher, Electric Oven, Electric Water Heater, Exhaust Fan, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Refrigerator
Air Cond:Central Air,Electric,Exhaust Fan,Separate Meters
Fireplaces:Decorative,Living Room,Metal
Floor:Carpet,Vinyl
Above Ground Sq Ft:4192
Below Ground Sq Ft:0
Other:Bathtub/Shower Combination,Granite Counters
Other:Public

Exterior Features

Lot:Corner Lot,Few Trees,Landscaped
Zoning:RX-3
Roof:Composition
Others:Covered,Front Porch,Porch
Sewer:Public Sewer
Parking Features:Asphalt,Assigned
Principal Interest
$4,251
Taxes
$434

Home Price

$824,950

Loan Details

30 yrs
6.683%

Down Payment

20%
$164,990
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,251.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,251.14 $433.67 $0.00 $4,684.81
Yearly $51,013.65 $5,204.05 $0.00 $56,217.70
Total $1,530,409.38 $156,121.50 $0.00 $1,686,530.88

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T19:26:35.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina