$423,000
bedrooms
3
bathrooms
2
square feet
1,778
Acreage
0.43
Open Houses
-
year built
1961
Full Baths
2
Half Baths
0
Investor's Dream in the Heart of Downtown Cary - Live in One, Rent the Other, or Build Your Portfolio with Two High-Demand Rentals
An exceptional opportunity awaits in one of the most sought-after locations in the Triangle. This rare investment gem features a spacious 3-bedroom, 2-bath ranch home with 1,778 square feet of living space, nestled on a .43-acre R-8 CU-zoned lot just steps from Downtown Cary's vibrant shops, dining, breweries, and green spaces. Built in 1961, this solid, well-maintained home showcases beautiful hardwood floors throughout, a large family room with a cozy fireplace, a separate living room, and an oversized 2-car carport. It is currently vacant and move-in ready, with a strong market rent of $2,000/month — perfect for investors seeking immediate cash flow or homeowners looking to house hack.
What makes this opportunity even more compelling? When purchased together with the adjacent home at 207 High House Road (MLS #10083280), you'll own over half an acre of prime real estate in the heart of Cary — a rare find with potential for future development, expansion, or dual-income investment. Both homes offer a proven rental history, ideal for long-term buy-and-hold investors, short-term rental entrepreneurs, or developers eyeing the tremendous growth in the Downtown Cary corridor.
This is a powerful wealth-building opportunity. Whether you're looking to live in one and rent the other, add two high-demand homes to your portfolio, or secure a prime development site, this is the kind of chance that rarely comes along. For best terms, sellers prefer to sell both properties together — contact the listing agent for details.
Location | |
Subdivision | Not In A Subdivision |
County | Wake |
Elementary School | Wake - Briarcliff |
Middle School | Wake - East Cary |
High School | Wake - Cary |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 10087046
Listing agent:
Wendy Jean Mitchel
Listing broker:
Choice Residential Real Estate, Llc
(919) 280-3646
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Saturday, April 26 2025 at 1:56 p.m. EDT
Kotohomes National
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