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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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4632 Kilcullen Dr , Raleigh, NC 27604
$749,950
Est. Payment: $4,214.74/mo
4 Bath
4192 Sqft
0.34 Acres
Status: active | Days on site: 12
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Terri Bias
Operator/Brokerage Owner

House Description

Updated Quadruplex in Prime Raleigh Location with Strong Cash Flow 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 key transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, creating a clean, modern living experience. Recent improvements include new windows throughout the building within the last five years, enhancing energy efficiency and reducing long term operating costs. The ground level of each unit features durable LVP flooring, ideal for high traffic rental use. Each unit also includes two assigned off street parking spaces, a valuable amenity in this area. Each unit offers a highly functional two bedroom layout, with private bathroom areas (toilet + sink) for each bedroom and a shared Jack and Jill shower/tub. This configuration maximizes privacy for tenants while keeping maintenance simple and cost efficient for owners. Unit B is currently vacant and easy to show. This unit, like the others has been thoughtfully updated and shows very well. It will most likely be re-rented before the next buyer closes the transaction. The asking rent for this unit is $1,500 per month. Once rented the total rents for this property will be $5,870 per month. Tenants pay their own utilities, including garbage service, keeping operating expenses predictable and favorable for the owner. Location Benefits: Positioned in a high demand Raleigh submarket, this property offers quick access 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 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 quadruplex is a compelling addition to any rental portfolio—designed for durability, consistent occupancy, and strong income performance.

Highlights

Listed by Myron Von Raesfeld , Parker James Properties LLC , 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

10196123

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
Air Cond:Central Air,Electric,Exhaust Fan,Separate Meters
Fireplaces:Decorative,Living Room,Metal
Floor:Carpet,Luxury Vinyl,Wood
Above Ground Sq Ft:4192
Other:
  • ▪ Additional:Bathtub/Shower Combination, Breakfast Bar, Crown Molding, Granite Counters, Recessed Lighting, Stone Counters
Water:Public

Exterior Features

Lot:Corner Lot,Few Trees,Landscaped
Garage Capacity:8
Zoning:RX-3
Roof:Composition
Others:
  • ▪ Additional:Covered, Front Porch, Porch
Sewer:Public Sewer
Parking Features:Asphalt,Assigned
Principal Interest
$4,215
Taxes
$478

Home Price

$749,950

Loan Details

30 yrs
7.548%

Down Payment

20%
$149,990
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Monthly Price:
$4,214.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,214.74 $478.09 $0.00 $4,692.84
Yearly $50,576.93 $5,737.12 $0.00 $56,314.05
Total $1,517,308.03 $172,113.53 $0.00 $1,689,421.55

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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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: 2026-10-14T17:52:00.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina