Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Advantage

309 Watson Street #A/B, 
Creedmoor, NC 27522

$402,000


6

Beds


6

Baths


2,476

Sq Ft


Multi-Family

Sold

Listed by

Matt Perry

Bought with Banks Residential

Keller Williams Elite Realty

984-244-5830

MLS#

10086718

Source:

RD

Sorry, we are unable to map this address

About This Home

309 Watson Street #A/B

ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rate of 7.3% based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. Creedmoor is a convenient small town to live in close to everything in downtown or a quick drive down HWY 50 to North Raleigh or out to HWY 85 and over to Durham or Chapel Hill. Being offered 100% occupied with substantially below market rents. New owners could do minor CAP X improvements like new paint and stainless appliances and push rents, or remodel the kitchen and bathrooms as well and push rents even higher and realize up to a 9.8% cap rate at the market rent of $1795 per side (estimate) fully upgraded. The current owners have made significant upgrades over the last 5 yeas with over $50K in renovations including refinished decks 2024, In both units all new LVP flooring downstairs and bathrooms and new carpet upstairs in 2023 as well as a few new appliances in last 5 years. New HVAC systems in both units in 2020. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors.

Home Facts

Multi-Family

6 Baths

6 Bedrooms

Built in 2003

Price Summary

399,900

$161 per Sq. Ft.

MLS #:

10086718

Sold:

May 29, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

2,476 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,476 Sq. Ft.

Year Built:

2003


Lot

Lot Size (Sq. Ft):

26,571


Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$161 per Sq. Ft.

MLS Logo
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2026 Doorify MLS of North Carolina. All rights reserved.