Murfreesboro North Carolina 7 Bedroom 4 Bathroom Single Family Multi-Unit Potential Duplex Investment Opportunity Under $200K 1950s Income Property 4000 Sq Ft A/C Small Town

Beds

Baths

4,000

Sq Ft

1950

Built

About 413/408 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.

Home Highlights

Four properties sold together—one building is a duplex7 bedrooms, 4 bathrooms total; ~4,000 sq ftPriced at $159,900 (valuation midpoint aligned with list price)Mid‑century 1950 construction with renovation upsideListed with A/C—immediate tenant comfortStrong candidate for rental income or owner‑operator model

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

AI Valuation Estimate

Low

$154K

Midpoint

$160K

High

$166K

$40/SF estimated price per square foot

65% confidence

Derived from Redfin listing LD+JSON

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Nearby Points of Interest

Small‑town setting with local services and community character
Local parks and regional recreation options accessible by car

Market data is based on aggregated public records and may not reflect real-time conditions.

413/408 Carolina Dr/spring Ave, Murfreesboro, NC, 27855

Unique Four-Structure Investment Package on Carolina Dr/Spring Ave