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$1,288,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 7 hours ago
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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.

Full Property Details for 310 Culvert St

General

  • Price: $1,288,000
  • Taxes: $16,485 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: 2218
  • MLS ID: 10197879
  • Updated: 10/11/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: High Speed Internet
  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Bathtub/Shower Combination, Chandelier, Laminate Counters
  • Appliances: Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Range Hood, Refrigerator
  • Flooring: Carpet, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup

Additional Information

  • Security/Safety: Fire Alarm

Exterior

  • Exterior Features: Other
  • Porch/Patio/Deck: Deck, Porch

Parking

  • Total Spaces: 84
  • Parking Features: Open

Location

  • County: Wake
  • Subdivision: Town Lot

School Information

  • Elementary School: Wake - Apex Elementary
  • Middle School: Wake - Apex Middle
  • High School: Wake - Apex High

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Structural Information

  • # Buildings: 4
  • Structure Type: Quadruplex
  • Exterior Const.: Vinyl Siding
  • Roof: Shingle
  • Common Walls: 1 Common Wall, 2+ Common Walls, End Unit, No One Above, No One Below
  • Windows: Wood Frames
  • Stories/Levels: 2
  • Building Size: 4032
  • Square Feet: 4,032
  • Living Area: 4,032 Sq. Ft.
  • Finished Above Grnd: 4,032 Sq. Ft.
  • Year Built: 1985

Unit Information

  • Units in Building: 4

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: Trees/Woods, See Remarks
  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,424
  • Frontage: City Street
  • Street/Road Desc.: Asphalt
  • Lot Features: Back Yard, Few Trees, Front Yard
  • Zoning: HD MF
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $16,485.99
  • Tax Year: 2026
  • Terms: Cash, Conventional, Other, 1031 Exchange
  • Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Taxes
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 074219501639000 0062363
  • Lot Number: 7

Listed by LPT Realty, LLC, Jeremy James Glasson (919) 630-3708

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Listing agent

— 310 Culvert St —

  • Jeremy James Glasson

    LPT Realty, LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 310 Culvert St

School District:Wake County Schools
NameGradesDistance
Apex Elementary
700 Tingen Road, Apex, NC 27502
PK-50.8 mi
Apex Middle
400 East Moore Street, Apex, NC 27502
6-80.3 mi
Apex High
1501 Laura Duncan Road, Apex, NC 27502
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 310 Culvert St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/11/2026
Listed
$1,288,000
460%
MLS
12/01/2011
Sold
$230,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 310 Culvert St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,810
2%
$1,801,669
—
2024
$15,457
96%
$1,801,669
153%
2023
$7,890
6%
$711,914
—
2022
$7,409
4%
$711,914
—
2021
$7,128
1%
$711,914
—
2020
$7,057
6%
$711,914
23%
2019
$6,678
6%
$580,960
—
2018
$6,293
7%
$580,960
—
2017
$5,861
1%
$580,960
—
2016
$5,776
32%
$580,960
35%
2015
$4,388
4%
$428,908
—
2014
$4,232
5%
$428,908
—
2013
$4,043
—
$428,908
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by LPT Realty, LLC, Jeremy James Glasson (919) 630-3708

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310 Culvert Street, Apex, NC 27502 (MLS# 10197879) is a Multi-Family property with 4 units containing 8 bedrooms, 4 full bathrooms and 4 partial bathrooms. 310 Culvert Street is currently listed for $1,288,000 and was received on October 11, 2026. Want to learn more about 310 Culvert Street? Do you have questions about finding other Multi-Family real estate for sale in Apex? You can browse all Apex real estate or contact a Coldwell Banker agent to request more information.

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