656 Dr Martin Luther King Jr Boulevard, Kinston, NC 28501

Local realty services provided by:Better Homes and Gardens Real Estate Paracle
656 Dr Martin Luther King Jr Boulevard,Kinston, NC 28501
$689,500
  • 19 Beds
  • 10 Baths
  • 7,056 sq. ft.
  • Multi-family
  • Active
Listed by:steven elliot
Office:fathom realty nc
MLS#:10120359
Source:RD

Price summary

  • Price:$689,500
  • Price per sq. ft.:$97.72

About this home

🔥 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

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Home facts

  • Year built:1901
  • Listing ID #:10120359
  • Added:1 day(s) ago
  • Updated:September 06, 2025 at 09:53 PM

Rooms and interior

  • Bedrooms:19
  • Total bathrooms:10
  • Full bathrooms:10
  • Living area:7,056 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Metal
  • Year built:1901
  • Building area:7,056 sq. ft.
  • Lot area:0.28 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$689,500
  • Price per sq. ft.:$97.72
  • Tax amount:$1,331
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