Refine Search
Map
Sort by
310 Culvert St, Apex
$1,288,000
8 Beds ⋅ 8 Baths ⋅ 10197879 MLS ⋅ ACTIVE Status
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.

310 Culvert St, Apex

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

How much is your home worth?

Get instant property value now!