Residential Income Property on Oversized
For Sale
$125,000
105 Layton Street, Franklinton, NC 27525
MULTI_FAMILY - Franklinton, NC
Property Size672 SF
Lot Size0.53 Acres
Price / SF$186.01
Days on Market68
Property Features for 105 Layton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Multi Fa
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Subdivision
Not in a Subdivision
Elementary school
Franklin County Schools
Middle school
Franklin County Schools
Standard status
Active
APN
026636
Size
672 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1310
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Anchored Realty Services LLC
(919) 623-3309
Listed By:
Carlene Nace · License #277053
(919) 623-3309
Added: Jun 3
Changed: Aug 5
Last Checked: Aug 9 at 2:06PM
MLS# 10171407
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income property sits on a 0.53-acre in-town lot and is currently configured as a Section 8 rental. The offering includes an additional detached garage, providing useful storage and support space for day-to-day tenant needs. With 672 square feet listed for the property, it presents a straightforward setup for an investor or landlord seeking a manageable asset.
The address is 105 Layton Street in Franklinton, North Carolina (Franklin County). The property is zoned “Single Multi Fa,” which supports a multi-family use framework. The exterior lot size offers room for standard residential operations tied to an income property, while the detached garage adds a second structure to the parcel.
For buyers looking for immediate rental income, the current Section 8 tenancy provides an occupied holding strategy. For buyers with longer-range plans, the parcel is also described as having potential for additional improvements over time. Whether your goal is to maintain it as a rental or make future site changes, this property combines an in-town lot size and a detached garage with a zoning designation that aligns with multi-family residential use.
The address is 105 Layton Street in Franklinton, North Carolina (Franklin County). The property is zoned “Single Multi Fa,” which supports a multi-family use framework. The exterior lot size offers room for standard residential operations tied to an income property, while the detached garage adds a second structure to the parcel.
For buyers looking for immediate rental income, the current Section 8 tenancy provides an occupied holding strategy. For buyers with longer-range plans, the parcel is also described as having potential for additional improvements over time. Whether your goal is to maintain it as a rental or make future site changes, this property combines an in-town lot size and a detached garage with a zoning designation that aligns with multi-family residential use.
Key Highlights
- Currently leased as a Section 8 rental with a long‑term tenant
- Oversized in‑town lot with detached garage
- 1973 construction with vinyl siding and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,879
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,580
$137.6K
Cap Rate 7%
$98,271
$98.3K
Cap Rate 9%
$76,433
$76.4K
Market Conditions
NOI Build-Up for 672 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.3K $19.80/SF
− Vacancy
−$798 −$1.19/SF
EGI
$12.5K $18.61/SF
− OpEx
−$5.6K −$8.38/SF
NOI
$6.9K $10.24/SF
Area
Franklin County, NC
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,580
Cap Rate 7%
$98,271
Cap Rate 9%
$76,433
Alternative Uses
Best Use
Apartment 5plus
$98.3K
$86.0K – $114.7K
NOI $6,879 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$191.9K
$167.9K – $223.9K
NOI $13,431 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 27525, NC
16,684
Population
7,071
Households
2.4
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
93.8 sq mi
ZIP Area
178
Density / Sq Mi
$68,847
Median Household Income
$44,701
Median Earnings
$1,011
Median Rent
$258,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Income property currently operating as a Section 8 rental, with a detached garage on an oversized in-town lot.
Where is this single family property located?
The property is located at 105 Layton Street Franklinton, NC.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Currently leased as a Section 8 rental with a long‑term tenant; Oversized in‑town lot with detached garage; 1973 construction with vinyl siding and a shingle roof
