310 Culvert Street, Apex, NC 27502
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
310 Culvert Street,Apex, NC 27502
$1,288,000
- 8 Beds
- 8 Baths
- 4,032 sq. ft.
- Multi-family
- Active
Listed by: jeremy james glasson
Office: lpt realty, llc.
MLS#:10197879
Source:RD
Price summary
- Price:$1,288,000
- Price per sq. ft.:$319.44
About this home
310 Culvert Street | Downtown Apex, NC Prime Covered Land Investment | Fully Occupied Quadplex | 1031 Exchange Opportunity | Redevelopment Potential Rare opportunity to acquire a fully occupied, income-producing quadplex in the heart of Downtown Apex, offering immediate cash flow, valuable land, and multiple paths to maximize your investment. Ideally suited for 1031 Exchange buyers, developers, and long-term investors, 310 Culvert Street represents a compelling covered land opportunity: generate rental income from four existing units while preserving the flexibility to pursue future redevelopment. The property's investment potential extends well beyond its current use. A proposed five-unit condominium development has already completed initial review with the Town of Apex, providing a valuable head start for investors considering a for-sale or build-to-rent project. Alternatively, the property presents the potential for a luxury single-family redevelopment in one of the Triangle's most desirable downtown communities, subject to applicable approvals. Located just minutes from historic Salem Street, with convenient access to shopping, dining, entertainment, and major Triangle employment centers, this property combines the appeal of an established downtown location with the opportunity to capitalize on Apex's continued growth. Four existing income-producing units. Five-unit condominium development potential. One exceptional downtown investment opportunity. Whether your strategy is to buy and hold, complete a 1031 Exchange, or reposition the property for future development, 310 Culvert Street offers a rare combination of current income, location, and long-term upside. Buyer to verify rental income, zoning, development feasibility, municipal approvals, and 1031 Exchange eligibility. Current owner had a 5 unit condo plans and renderings that have preliminary been reviewed by the Town of Apex. This is a huge savings in both time and money for next owner looking to do a redevelopment with best of use of land in mind....
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Home facts
- Year built:1985
- Subdivision & Development:Town Lot
- Listing ID #:10197879
- Added:1 day(s) ago
- Updated:October 12, 2026 at 12:07 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:4
- Flooring:Carpet, Tile, Wood
- Bathrooms Description:Bathtub/Shower Combination
- Kitchen Description:Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Range Hood, Refrigerator
- Living area:4,032 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1985
- Building area:4,032 sq. ft.
- Lot area:0.4 Acres
- Lot Features:Back Yard, Few Trees, Front Yard
- Construction Materials:Vinyl Siding
- Exterior Features:Deck, Porch
- Foundation Description:Brick/Mortar, Concrete Perimeter, Pillar/Post/Pier, Raised
- Levels:Two
Schools
- High school:Wake - Apex High
- Middle school:Wake - Apex Middle
- Elementary school:Wake - Apex Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,288,000
- Price per sq. ft.:$319.44
- Tax amount:$16,486
Features and amenities
- Laundry features:Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
- Amenities:Wood Frames
Parking
- Total parking spaces:84
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