Estimated market value
$159,900
Low $153,504 · Midpoint $159,900 · High $166,296
Confidence65%Sales comparison approach
CompCasa estimate$159,900Current analysis
$153,504$159,900 midpoint$166,296
Price / sq ft$40
Derived from Redfin listing LD+JSON
About the property
Unique Four-Structure Investment Package on Carolina Dr/Spring Ave
This offering at 413/408 Carolina Dr / Spring Ave is a rare small‑town investment package: four separate residential units on contiguous addresses, including one duplex, combining for approximately 4,000 finished square feet, seven bedrooms and four bathrooms. Priced at $159,900 (about $40/sf by the valuation midpoint), the assemblage gives a buyer immediate options—operate as rentals, owner-occupy one unit and lease the rest, or reposition the portfolio over time.
The buildings reflect mid‑century construction (1950) and present a practical canvas for light renovation, tenant-ready upgrades, or phased improvements. The offering includes central HVAC as noted in the listing data. Interior layouts and unit configurations vary across the structures, which is an advantage for diversifying rental streams—some units function as single‑family residences while one building is divided into a duplex to maximize income potential.
Externally, the package has multiple street addresses (413 and 408 Carolina Dr / Spring Ave), simplifying tenant access and management logistics. The footprint and combined square footage create opportunities for modest external enhancements—improving curb appeal and rental rates without requiring large capital outlay. Investors who tour will appreciate the straightforward cash‑flow mechanics and the ability to implement incremental upgrades to kitchens, baths, and finishes to capture higher rents.
Murfreesboro’s smaller market character means buyers can often act decisively: priced at the valuation midpoint with a moderate confidence indicator in the automated estimate, this listing is positioned to attract local investors, regional landlords, or an owner‑operator seeking supplemental rental income. Practical due diligence (unit‑level rent comps, inspection, and review of utilities and tenancy status) will reveal the immediate upside. This property is being offered as a multi‑structure package—an efficient entry into coastal North Carolina’s more affordable investment tier.
Location & nearby
Murfreesboro, NC
Researched nearby locations
⌖Small‑town setting with local services and community character
⌖Local parks and regional recreation options accessible by car
Location
413/408 Carolina Dr/spring Ave, Murfreesboro, NC, 27855
Editorial neighborhood context
Murfreesboro is a compact, community-minded town in eastern North Carolina where residential streets and local businesses create a calm, manageable environment for owners and tenants alike. The neighborhood surrounding Carolina Drive and Spring Avenue offers easy access to everyday necessities and community resources typical of a small town—grocers, local eateries, and service providers are an easy drive away. For investors, the town’s slower pace and lower price points compared with urban centers make it a practical location to build rental inventory or to operate value-add projects while staying within reach of regional hubs.
Nearby access summary
Local parks and regional outdoor options are reachable by short drive; the property offers straightforward access to community green spaces and regional recreation within the surrounding counties.
Market context
A factual market snapshot around 413/408 Carolina Dr/spring Ave.
Editorial market perspective
Local market-level data provided with this listing is limited, but the included valuation estimate (midpoint $159,900; low–high range $153,504–$166,296; price per sq ft ≈ $40) and the seller’s characterization as a multi-unit opportunity point to investor appeal. In small towns like Murfreesboro, inventory for multi-unit or multi-address packages tends to be tighter than for single homes—when a bundled income property comes to market it typically draws both buy-and-hold investors and small local developers. The estimate confidence (0.65) indicates the automated model has moderate certainty; buyers should supplement with on‑the‑ground comps and rental surveys. For this property type—four structures with one duplex—expect demand from purchasers focused on cash flow and value-add renovations. Given the competitive list price that aligns with the valuation midpoint, now is a pragmatic time for investors to pursue inspections, secure financing terms specific to multi-unit holdings, and evaluate rent-up potential against local comparables.
Highlights & features
What stands out about this property.
01Four properties sold together—one building is a duplex
027 bedrooms, 4 bathrooms total; ~4,000 sq ft
03Priced at $159,900 (valuation midpoint aligned with list price)
04Mid‑century 1950 construction with renovation upside
05Listed with A/C—immediate tenant comfort
06Strong candidate for rental income or owner‑operator model
Interior Features
- Total interior approx. 4,000 sq ft
- Combined 7 bedrooms and 4 bathrooms across structures
- Mid‑century (1950) construction—practical renovation opportunity
- Heating & cooling: Has A/C (per listing data)
- Multiple unit configurations including a duplex
Exterior & Lot
- Package includes four separate residential structures
- Multiple street addresses: 413 & 408 Carolina Dr / Spring Ave
- Opportunity for phased exterior and curb‑appeal improvements
- Ideal parcel for owner management or third‑party property manager
Location & Neighborhood
- Located in Murfreesboro, NC
- Small‑town setting with local services and community character
- Close proximity for regionally oriented buyers to nearby towns and markets
- Suitable for investors seeking lower entry‑cost assets in eastern NC
Walkability & Recreation
- Walkability Rating: Data Not Available — verify local amenity proximity
- Short drives to local shops, community amenities, and services
- Local parks and regional recreation options accessible by car
- Flexible access for tenants with vehicles; on‑site unit access