About This Home

This 5-bedroom, 2-bathroom multi-family at 216 E Peyton Avenue in Kinston, NC is listed for $109,900 ($54 per sqft). Built in 1930, the home offers 2,030 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1930
  • 0.16 acre lot

Property Details

1 story
2 full
1930

Amenities

A/C
Listing Description

TWO HOUSES, ONE PARCEL! A rare opportunity to pick up two income-producing single-family rental homes with one purchase. Both homes are currently tenant occupied, providing rental income from day one. 216 E Payton Street offers 3 bedrooms and 1 bathroom and currently rents for $500 per month.

502 N Independence Street offers 2 bedrooms and 1 bathroom and currently rents for $425 per month. With both homes currently rented below market rates, there is potential for increased rental income. Located close to shopping, dining, employment, and everything Kinston has to offer.

Whether you're looking to expand an existing rental portfolio or acquire multiple rental properties in a single transaction, this property deserves a look. Two detached homes, two rental income streams, one parcel--bring your investment strategy and take advantage of the potential. No trespassing. DO NOT DISTRUB TENANTS.

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$79
Interest$476
Insurance$32

Estimates only. Actual payments may vary.

Location

216 E Peyton Avenue

Kinston, NC 28501

Not In Subdivision

Property Details

Construction

Vinyl Siding Wood Frame

Outdoor Features

Porch

Parking

Off Street

Heating

Electric (Heating)Radiant

Cooling

Window Unit(s)Wall/Window Unit(s)

Questions & Answers

This 5-bedroom, 2-bathroom multi-family at 216 E Peyton Avenue is listed at $109,900 ($54/sqft). The estimated monthly payment is $588 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.16 acre lot.

This property is listed by The Nilsen Team.

TT

The Nilsen Team

License 303908

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: (888) 584-9431 · View on Broker Site · Broker website

MLS# 100593591· Source: Hive MLS· 99 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

216 E Peyton Avenue, Kinston, NC 28501

Open this listing in: