1. North Carolina
  2. Kinston
  3. 656 Dr Martin Luther King Jr Boulevard
$689,500

656 Dr Martin Luther King Jr Boulevard, Kinston, NC 28501

  • 7,056 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1921
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $98/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

🔥 Turnkey 10-Unit Value-Add Opportunity - Kinston, NC 🔥 This well-located 10-unit multifamily property in the heart of Kinston presents a compelling investment for both seasoned and emerging investors. The 7,056 SF building is comprised of nine spacious 2-bedroom units and one 1-bedroom unit. Extensive renovations have already been completed, including updated flooring, new countertops, and stainless steel appliances — delivering modern, durable interiors that attract quality tenants. Major capital improvements include a new roof, and HVAC systems are being replaced as new tenants are secured. The property is professionally managed with a focus on tenant retention and long-term lease stabilization. Tenants are responsible for all utilities except landscaping, keeping your operating costs lean and predictable. Located just minutes from Downtown Kinston and Grainger Stadium, this property sits in a high-demand rental corridor with future upside. Leasing efforts are ongoing to maximize occupancy and rental income, offering the potential for strong cash flow and long-term appreciation. 📈 Whether you're looking for a fully renovated turnkey asset, a cash-flowing addition to your portfolio, or a value-add opportunity in a growing market, this property checks all the boxes.

Listing Status:
Active
Listing Office:
Fathom Realty NC, LLC Cary : 877-661-1977
MLS ID:
100521025
  • Basement: None
  • Heating: Electric

This listing courtesy of Fathom Realty NC, LLC Cary

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Southeast Elementary School

201 McDaniels St, Kinston, NC, 28501

Grades KG-5

0.66 miles away

R

Rochelle Middle School

301 N Rochelle Blvd, Kinston, NC, 28501

Grades 6-8

0.70 miles away

K

Kinston High School

2601 N Queen St, Kinston, NC, 28501

Grades 9-12

1.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.