Investor's Dream in Prime Downtown Cary - Over $40K Below Appraised Value! Live in One, Rent the Other, or Expand Your Portfolio Unlock a rare investment opportunity in one of the Triangle's hottest locations — offered at over $40,000 below the appraised value! This well-maintained 3-bedroom, 2-bath ranch home offers 1,778 square feet of charm and space, sitting on a .43-acre R-8 CU-zoned lot just steps from Downtown Cary's popular restaurants, breweries, shopping, and greenways. Built in 1961, this classic brick home features gleaming hardwood floors throughout, a large family room with fireplace, separate living room, oversized 2-car carport, and great natural light. It's vacant and move-in ready — with a strong market rent of $2,000/month, making it ideal for house hackers or investors looking for immediate returns. Bonus Opportunity: When purchased with the neighboring home at 207 High House Rd (MLS #10087043), you gain over half an acre in the heart of Cary — a rare and valuable footprint for future development or dual rental income. Both properties have solid rental histories and are zoned for high-demand investment strategies including long-term holds, short-term rentals, or redevelopment. Whether you're an investor, developer, or someone looking to live in one and rent the other, this is a powerful wealth-building opportunity in a rapidly growing downtown corridor. For the best terms, sellers prefer to sell both properties together.
| a week ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Price changed to $399,000 | |
| 2 months ago | Listing first seen on site |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.