4021-4023 Knollwood Dr · Archdale, NC 27263

$305,000

None bd · None ba · — sqft · MultiFamily · 23 Days on market

Built 1974 Fair condition

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• 1% rule +3.8/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

Key facts

• Functional kitchen
• Private balcony
• Conveniently located

Tags

• PRIVATE BALCONY
• FUNCTIONAL KITCHEN
• SEPARATE LAUNDRY ROOM
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Directions: Main St to Aldridge Ln, right on Rand Blvd, left on Knollwood, property on the right.
• HOA & community: Located in the High Point association area (no association required)

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Residential income property (duplex); Built in 1974
• Construction: Electric water heater
• Exterior features: Lot roughly 127 x 174 x 126 x 202; No pool

Interior

• Heating & cooling: Central air conditioning; Forced air heating; Electric heating
• Interior features: No basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.5-bath units multifamily listed at $305k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $14 ($170/yr) — positive. Per door: $7/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $269k (11.9% below list).
• Recommended offer: $269k (11.9% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.9% in Archdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#138 in NC) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Randolph County School System (rural): math 43% / reading 43% proficiency, ranked #94 of 178 in NC (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 132 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 789 units permitted in Randolph County in 2024 (168 in 5+ unit buildings).
• At $2,686/mo this rent would consume 58% of the median local household income ($56k/yr) (locally 381% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Randolph County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($300k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $260k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 21% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $268,600 (11.9% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.35%
• Cash-on-cash: 0.20%
• DSCR: 1.01
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-48,481
• Equity at exit: $45,476

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-40,891
• Equity at exit: $26,371

Cash invested: $85,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 27263

• Home prices YoY: -26.9%
• Active inventory: 132
• Price-to-rent: 18.9×

Monthly cashflow live

• Estimated rent: $2,686 high
• Mortgage (P&I): −$1,599
• Tax est. 1.5%: −$381 /mo · $4,575/yr
• Insurance: −$127
• HOA: −$0
• Vacancy / Maint / Mgmt: −$564
• Net cashflow: $14

Break-even live

Break-even rent $2,668

Max offer price $305,000

Occupancy floor 94%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$2,686
Total (2 units)			$2,686

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $76,250
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4049 Wood Ave Archdale, NC	3.0	2.0	1244	$1,795	$1.44	23d	1	0.49mi
234 Davidson St Archdale, NC	2.0	2.0	—	$1,200	—	14d	1	0.71mi
3501 Glendale Dr Apt B Archdale, NC	1.0	1.0	—	$800	—	23d	1	0.82mi
900 Brookwood Cir Archdale, NC	3.0	1.0–2.0	688	$1,219	$1.77	14d	14	1.14mi
108 Maple Grove Ct Archdale, NC	2.0	2.5	—	$1,675	—	23d	1	1.16mi
203 Brighton Village Ln High Point, NC	3.0	2.5	—	$1,850	—	14d	1	1.20mi
330 Stratford Rd Archdale, NC	3.0	1.0	—	$1,350	—	14d	1	1.29mi
1770 N Carolina 62 Archdale, NC	1.0–2.0	1.0–2.0	961	$1,664	$1.73	14d	50	1.42mi
214 English Ct Trinity, NC	2.0	1.0	862	$1,250	$1.45	14d	1	1.44mi

Listing history 24 events

1. 2026-06-18
   price $305,000 Active 23 DOM
2. 2026-06-18
   days on market $315,000 Active 23 DOM
3. 2026-06-17
   days on market $315,000 Active 22 DOM
4. 2026-06-16
   days on market $315,000 Active 21 DOM
5. 2026-06-15
   days on market $315,000 Active 20 DOM
6. 2026-06-14
   days on market $315,000 Active 18 DOM
7. 2026-06-10
   days on market $315,000 Active 15 DOM
8. 2026-06-09
   days on market $315,000 Active 14 DOM
9. 2026-06-08
   days on market $315,000 Active 13 DOM
10. 2026-06-07
    days on market $315,000 Active 12 DOM
11. 2026-06-05
    days on market $315,000 Active 9 DOM
12. 2026-06-03
    days on market $315,000 Active 8 DOM
13. 2026-06-02
    days on market $315,000 Active 7 DOM
14. 2026-06-01
    days on market $315,000 Active 6 DOM
15. 2026-05-31
    days on market $315,000 Active 5 DOM
16. 2026-05-31
    days on market $315,000 Active 4 DOM
17. 2026-05-26
    listed $315,000 Active
18. 2024-09-11
    soldstatus $260,000 Closed 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

19. 2024-08-10
    status Pending 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

20. 2024-07-30
    historical Due Diligence Period 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

21. 2024-07-21
    status Active 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

22. 2024-06-11
    status Pending 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

23. 2024-05-25
    historical Due Diligence Period 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

24. 2024-03-21
    listed $265,000 Active 998-char remark

    Show marketing remark (998 chars)

    NOW IS YOUR CHANCE IF YOU MISSED IT THE FIRST TIME! BACK ON THE MARKET AT NOT FAULT OF SELLERS! Two Story Duplex Investment Opportunity in Archdale! Each side is already occupied and ready for an owner! Each unit features approximately 1116 square feet, 2 bedrooms (both bedrooms on upper level), 1.5 bathrooms, kitchen/dining combination, living room, separate laundry room and a balcony off of the Primary bedrooms. Water/trash/sewer through the City of Archdale is included in the rental amount collected (both units on same water meter). The left side (4021) rents for $925 per month and the right side (4023) rents for $1000 per month because it has been updated. Current lease terms are through February 2025. Owner pays for the City of Archdale utilities and the lawncare. (Owner Expenses: $80 per month for water/sewer/trash/recycling, $800 annual insurance, $1,587 annual property taxes, $150 about 3 times a year for yard maintenance - mostly natural area) NO REAL ESTATE SIGN IN YARD.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,232
• − Mortgage interest: −$17,085
• − Property taxes: −$4,575
• − Insurance: −$1,525
• − Repairs & maintenance: −$2,579
• − Management: −$2,579
• − Depreciation: −$8,873
• Taxable loss: −$4,983
• Est. tax savings @ 24.0%: +$1,196
• After-tax cash flow: $1,366/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This two-story duplex requires moderate renovations to improve its condition and increase its value. Immediate repairs and updates are needed to address the poor condition of the exterior, interior, and mechanical systems.

Repairs flagged

• Major siding — Significant wear and tear
• Major exterior paint — Visible peeling and discoloration
• Major interior paint — Significant discoloration and wear
• Major flooring — Worn and outdated carpet
• Major bathroom fixtures — Outdated and worn
• Major kitchen appliances — Older and worn
• Major HVAC units — Older and visibly worn

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace carpet — Improves comfort and value
• Both Update bathrooms — Modernizes and increases value
• Both Upgrade kitchen appliances — Modernizes and increases value
• Both Service HVAC units — Improves comfort and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Significant wear and tear	Major	$15,000–50,000
exterior paint · Visible peeling and discoloration	Major	$15,000–50,000
interior paint · Significant discoloration and wear	Major	$15,000–50,000
flooring · Worn and outdated carpet	Major	$15,000–50,000
bathroom fixtures · Outdated and worn	Major	$15,000–50,000
kitchen appliances · Older and worn	Major	$15,000–50,000
HVAC units · Older and visibly worn	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace carpet — Improves comfort and value ↑
• Both Update bathrooms — Modernizes and increases value ↑
• Both Upgrade kitchen appliances — Modernizes and increases value ↑
• Both Service HVAC units — Improves comfort and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Randolph County School System
• NCES district ID: 3703780
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 43% ▲ 2.00%
• Median HH income: $43,490
• Composite: 36.37/100
• National rank: #4686
• State rank: #94 of 178 in NC

Livability — Archdale

• Score: 70/100
• State rank: #138
• US rank: #7875

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment C Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Archdale, NC
• County: Randolph County · 81,617 people
• City population: 21,446
• Metro: Greensboro-High Point, NC
• Population (ZIP): 21,446
• Household income: $55,801
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 381.0

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 142,640 people
• By 2030: 140,911 · -1.2%
• By 2040: 135,692 · -4.9%
• By 2050: 128,575 · -9.9%
• By 2075: 111,507 · -21.8%
• By 2100: 93,376 · -34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 14% Hispanic / Latino 10% Asian 8% Two or more races 5%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Italian 4% Serbian 3% Slovak 3%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 8% Other Indo-European 5% Vietnamese 3%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -42.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+56.7 2012: R+50.2 2008: R+42.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.54%
• Current HPI: 229.4967
• Rent YoY: —
• Metro: Greensboro-High Point, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+18.9% since first listed

8 events — show timeline

• 2026-05-26 Listed $315,000 Triad MLS
• 2024-09-11 Sold (MLS) $260,000 Triad MLS
• 2024-08-10 Pending — Triad MLS
• 2024-07-30 Contingent — Triad MLS
• 2024-07-21 Relisted — Triad MLS
• 2024-06-11 Pending — Triad MLS
• 2024-05-25 Contingent — Triad MLS
• 2024-03-21 Listed $265,000 Triad MLS