300 N Main Street
About This Property
Plum Crooked Poet's Cottage on Main Street in Marshall is a successful niche short-term rental property affording guests a downtown historical lodging option. Very low cost maintenance, operating expenses and taxes. On offer fully furnished and stocked, the property is a downtown favorite for vacation rentals sites and has a robust booking history. A prime Main Street location on the North end of town with the adjacent second old homesite also included for an acre of road frontage. The adjacent lot has direct access from the main driveway bridge but also has an old bridge site which could be replaced for easy in and out accessibility for multiple parking spots. The cottage was originally 2 bedroom but we converted the 2nd into a dining nook and could be reconverted to a 2nd bedroom. The property was untouched by the flood waters and would make a perfect historic location as an office, gallery, shop, short-term rental or a downtown residence. We completed a total renovation in 2020.
New Metal Roof
Insulation
Water Line and Plumbing
Electrical
Septic line
Kitchen Cabinets
Granite Countertops
Stainless Sink and Faucet
Refrigerator
Gourmet Convection Stove
Bathroom Fixtures
Wood Floors
Covered Back Porch Deck
French Drain
Paint Interior/Exterior
Gingerbread Trim
Driveway Safety Posts
Wraparound Porch Restoration
Landscape Garden Beds
Windows
Front Door
Fiber Internet with French Broad
It is move in ready for a downtown residence or office/shop location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 24, 2026 | Listed by Collective Realty LLC | $225,000 | |
| Listed by Collective Realty LLC | |||
| Oct 28, 2022 | No longer available | - | |
| No longer available | |||
| Sep 26, 2022 | Listed by EXP Realty LLC | $275,000 | |
| Listed by EXP Realty LLC | |||
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Spectacularly adorable stream side cottage mere moments to downtown Marshall NC and all it offers! Wait until you see this gem of a home - Operating as a VERY profitable ST rental, this would be a perfect full time residence or income producer. Must be seen to fully appreciate the convenience and location of this charmer. Call today for your personal showing 'cause this will go fast! Prequal req. to view. The manager has listed the unit size as 724 square feet.
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| Mar 28, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017