INNOVATE Real Estate
Four-Unit Townhomes Among Trees - 310 Culvert Street, Apex, NC 27502, Apex
Apex, NC Neighborhood Aerial Map - 310 Culvert Street, Apex, NC 27502, Apex
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Tidy Oak Kitchen with Garden View - 310 Culvert Street, Apex, NC 27502, Apex
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Cozy Neutral Living Room Corner - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Neutral Living Room Retreat - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Plant-Filled Living Room Interior - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Modern Living Room Retreat - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Warm-Toned Dining Nook - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Blush Bedroom Retreat - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Creative Bedroom Retreat - 310 Culvert Street, Apex, NC 27502, Apex
Serene Neutral Bedroom with Green Accent - 310 Culvert Street, Apex, NC 27502, Apex
Cozy Organized Bedroom with Open Closet - 310 Culvert Street, Apex, NC 27502, Apex
Clean Compact Bathroom Interior - 310 Culvert Street, Apex, NC 27502, Apex
Modern Hallway and Staircase Interior - 310 Culvert Street, Apex, NC 27502, Apex
Bright Neutral Kitchen and Dining Corner - 310 Culvert Street, Apex, NC 27502, Apex
Bright, Staged Home Interior Collage - 310 Culvert Street, Apex, NC 27502, Apex
Three-Bulb Botanical Bathroom Vanity - 310 Culvert Street, Apex, NC 27502, Apex
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Aerial Neighborhood Map Pin_ 310 Culvert - 310 Culvert Street, Apex, NC 27502, Apex
40 photos

$1,288,000

310 Culvert Street, Apex, NC 27502
Apex, NC 27502
Listed by Jeremy James Glasson · LPT Realty, LLC
Bedrooms
8
Bathrooms
6
Living area
N/A
Year built
1985

About this home

310 Culvert Street | Downtown Apex, NC Prime Covered Land Investment | 1031 Exchange Opportunity | Redevelopment Potential Downtown Apex Shovel-Ready Development Site with Covered Income | Prime 1031 Exchange Opportunity Rare and exceptional opportunity to acquire a high-yield "covered land play" in the absolute heart of Downtown Apex. Perfect for 1031 Exchange buyers, boutique builders, and forward-thinking investors, 310 Culvert Street offers immediate, stable cash flow from four existing fully occupied units while providing a de-risked, pre-vetted path to immediate or future multi-family redevelopment. The "Covered Land" & Development Premium: Unlike standard multi-family assets tied strictly to current rental math, this property's true value lies in its 0.4-acre lot and advanced municipal positioning. A proposed five-unit luxury condominium development has already completed its initial preliminary review with the Town of Apex. This represents a massive savings in both time and capital for the next owner, effectively bypassing 6 to 9 months of initial bureaucratic red tape and zoning delays for a future for-sale or high-end build-to-rent project. 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.

Property details

MLS
Doorify MLS
MLS #
10197879
Property type
Quadruplex
Subdivision
Town Lot
Status
Active
Days on market
7
On market date
October 12, 2026
Stories
N/A
Total bathrooms
6
Garage spaces
N/A
Parking spaces
84
Lot size
0.4 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Apex Elementary
0.81 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
659
Student:teacher ratio
14.3:1
District
Wake County Schools
Middle
Apex Middle
0.28 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
921
Student:teacher ratio
17.4:1
District
Wake County Schools
High
Apex High
1.18 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,413
Student:teacher ratio
19.8:1
District
Wake County Schools

Walkability

Blended score for Apex's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

82
Highly walkable
out of 100
EPA National Walkability Index
14.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks11
Schools18
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Apex, from live MLS data.

On the market 7 days -- 103 fewer days than Apex's current average of 110 days.
For reference, the median list price across 499 active listings in Apex right now is $522,323.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,906/mo
$257,600 down
$1,030,400 loan
Principal & interest$6,683
Property tax (est.)$1,073
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.