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605 Rhem St, Kinston, NC, 28501

4beds
2baths
1,399sqft
$49,900
$36price/sqft
$567/moest. monthly cost
$22,680/yrincome needed

About This Home

High-potential investor opportunity. Motivated seller. This 4-bedroom, 1.5-bath property presents a strong value-add opportunity for investors seeking their next project in a growing area. Conveniently located near downtown Kinston and local amenities. the home presents an opportunity to improve and maximize returns. Bring your vision and capitalize on the upside.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

7/10
Northwest ElementaryGrades K-51.1 mi
5/10
Rochelle MiddleGrades 6-81.7 mi
3/10
Kinston HighGrades 9-122.0 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Brick/Mortar
  • Roof: Shingle
  • Construction materials: Wood Siding,Unknown

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Flooring: Wood,Other
  • Finished area below ground: 0
  • Finished area above ground: 1,399

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 1,399
  • Total interior livable area: 1,399 sqft

Property

Details

  • Parcel number: 452509150460
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 1
  • Has view: Yes

Lot

  • Lot size: 4,356 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Hurricane
Inland Flooding
Tornado
Hail
Heat Wave
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters in Lenoir County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $252$3,024
Home Insurance *$57$684
Property Taxes $58$696
Electricity $200$2,405
Total$567$6,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$19,440/yr
40% on housing$17,010/yr
45% on housing$15,120/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%
10.1%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$36This listing

vs Other Active Listings

Avg $/sqft

ZIP 28501$78
Lenoir County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 28501$111
Lenoir County$119

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-13Price change$54,900
2026-01-30Listed for sale$59,900
2023-10-13Sold$33,000
2023-10-03Pending sale$25,000
2023-09-29Listed for sale$25,000
2014-05-30Sold$15,000

For Sale by Agent

AgentMayra Mendoza
BrokerageCentury 21 Triangle Group

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