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Koho Realty

info@kohorealty.com +1(919) 322-8090

Listed by Fathom Realty NC

$ 689,500

Est. payment -/mo

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656 Dr Martin Luther King Jr Boulevard Kinston, NC 28501

19 Beds

10 Baths

7,056 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 7,056 sqft

Price per Sqft $97

Subdivision Not In A Subdivision

MLS Listing ID 10120359

Style Multi Family,Townhouse

Bedrooms 19

Full Baths 10

HOA Y/N No

Abv Grd Liv Area 7,056

Year Built 1901

Annual Tax Amount $1,331

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Townhouse

Source Triangle MLS

Property Description

🔥 Turnkey 10-Unit Value-Add Opportunity - Kinston, NC 🔥 This well-located 10-unit multifamily property in the heart ofKinston 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.

Location

State NC

County Lenoir

Direction From US 70 E, Use the left 2 lanes to turn slightly left onto US-258 BUS S/US-70 BUS E/W Vernon Ave. Continue to follow W Vernon Ave and Pass by Pizza Hut (on the right in 1.6 mi). Turn right onto Dr Martin Luther King Jr Blvd. Destination will be on the right

Interior

Heating Central

Cooling Central Air

Flooring Wood

Exterior

View Y/N Yes

Roof Type Metal

Private Pool No

Building

Faces From US 70 E, Use the left 2 lanes to turn slightly left onto US-258 BUS S/US-70 BUS E/W Vernon Ave. Continue to follow W Vernon Ave and Pass by Pizza Hut (on the right in 1.6 mi). Turn right onto Dr Martin Luther King Jr Blvd. Destination will be on the right

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Block

New Construction No

Others

Senior Community No

Tax ID 452511651249

Special Listing Condition Standard

Koho Realty

Firm License | License ID: C30723

+1(919) 322-8090

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Koho Realty

656 Dr Martin Luther King Jr Boulevard Kinston, NC 28501

Key Details

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656 Dr Martin Luther King Jr Boulevard