USANCKinstonNot in Subdivision656 Dr Martin Luther King Jr Blvd

IMG_3974 - Day To Dusk - Golden - 0 | Image 1

$689,500

656 Dr Martin Luther King Jr Blvd, Kinston, NC

Name: 656 Dr Martin Luther King Jr Blvd, For Sale in Kinston - eXp Realty
Brand: Fathom Realty NC
SKU: 10120359
Price: 689500 CAD

Condo

For Sale

$--,---,---

19100

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size 7056 sqft

Garage No

HOA Fees

Taxes $1,331

Days Active 21

Approx. Age 1901

Avg. Price Per Sqft $97

MLS® Number 10120359

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Where else within an hour of Raleigh can you find an established multi-family property delivering a solid 10% cap rate? This well-positioned 10-unit multifamily investment property in the heart of Kinston offers a rare combination of stability, turnkey renovations, and value-add potential. The building spans 7, 056 square feet and features nine spacious 2-bedroom units and one 1-bedroom unit. Renovations & Capital Improvements: • Updated flooring, modern countertops, and stainless steel appliances in units • Newer metal roof installed by previous owner • HVAC systems being replaced as new tenants are secured • Durable finishes designed to attract and retain quality tenants Investment Highlights: • 10% cap rate potential with continued leasing progress • Professionally managed with focus on tenant retention & long-term stability • Tenants pay all utilities except landscaping → predictable operating costs • Ongoing lease-up provides both current income and upside opportunity Location Advantages: • Just 1 hour from Raleigh, offering Triangle-area proximity without Triangle pricing • Only 30 minutes to Goldsboro and Seymour Johnson Air Force Base, creating strong rental demand from military personnel, contractors, and workforce tenants • Minutes from Downtown Kinston & Grainger Stadium in a growing rental corridor This property appeals to both seasoned investors seeking a stabilized, cash-flowing asset and emerging investors looking for a value-add opportunity in a strengthening regional market. With renovations complete, professional management in place, and strong regional drivers, this turnkey 10-unit multifamily checks all the boxes for cash flow and long-term appreciation.Show Description

MLS® Number10120359

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1901

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By checking this box, and clicking "Take a Tour", I am confirming that I have read and agree to Zoocasa's Data Processing & Privacy Policy, and to Zoocasa's Terms of Use.

By checking this box, and clicking "Take a Tour", I am electronically signing and consenting to receive marketing communications (about real estate brokerage services and one or more properties that I may buy, sell, or rent), that may be delivered to me via email, telephone and/or text messaging (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from Zoocasa, eXp Realty® and its independent contractor real estate agents, and/or its or their affiliates, using the contact information I provided. Consent is not a condition of purchase. I may opt-out at any time by emailing [email protected] or calling 1-844-683-4664.

Get notified of price or status changes by saving this listing

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS eXp Revenos eXp Commercial eXp Luxury

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards – Designated Managing Broker, Broker Operations – TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker

eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01828532 | Justin DeCesare – Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas – Designated Broker