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Mebane Duplex Investment Opportunity

106 -108 S 2nd Street, Mebane, NC 27302

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For Sale

$217,000

DUPLEX - Ranch - Mebane, NC

Type:Single Family Residence

Property size:

2,136 SF

Lot size:

0.12 Acres

Price / SF:

$101/SF

HighLights

Premier downtown Mebane location, steps from the library and social scene.
Investment opportunity to finish a duplex and create a high‑value asset.
Specialized renovation financing available through TowneBank Mortgage.
Unit 106 features high ceilings, an open‑concept living/dining area, and plans for 3 bedrooms and 2 bathrooms.
Significant progress already made on Unit 106: roof, some new windows, siding started, and ductwork installed.
Unit 108 is a blank canvas with new floor tile and a bathtub already in place.

We can help!

Contact an agent

Marta Parilli

For Sale

$217,000

DUPLEX - Ranch - Mebane, NC

Type:Single Family Residence

Property size:

2,136 SF

Lot size:

0.12 Acres

Price / SF:

$101/SF

Added:: Apr 30, 2026
Days on Market:: 63
Last Refresh:: Jul 1 at 1:06 am

Property Features for 106 -108 S 2nd Street

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Zoning: RESCIDENTIAL
Bedrooms: 6
Bathrooms: 5
Rooms: Bathroom 5, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
Exterior features: Storage
Standard status: Active
APN: 166095
Size: 2,136 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: Mebane Land Blk 17 Pt Of Lt 5 208-822-14
Tax Annual Amount: 1453

Utilities

Utilities: Water Available
Sewer type: Public Sewer
Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1950
Floors in Building: 1
Building materials: Vinyl Siding, Wood Siding
Roof type: Shingle
Architectural style: Ranch
Additional Structures: Storage

We can help!

Contact an agent

Marta Parilli

Listing agent Marta Parilli License #314757

Listing office Coldwell Banker HPW 5261 Sunset Lake Road, Raleigh, NC

Listing date Apr 30, 2026

MLS# 10166114 Listing URL

HighLights

Premier downtown Mebane location, steps from the library and social scene.
Investment opportunity to finish a duplex and create a high‑value asset.
Specialized renovation financing available through TowneBank Mortgage.
Unit 106 features high ceilings, an open‑concept living/dining area, and plans for 3 bedrooms and 2 bathrooms.
Significant progress already made on Unit 106: roof, some new windows, siding started, and ductwork installed.
Unit 108 is a blank canvas with new floor tile and a bathtub already in place.

Overview

This duplex presents an investment opportunity in downtown Mebane, North Carolina. Located steps from the public library and downtown area, the property offers convenient access to local amenities. Unit 106 features high ceilings and an open-concept living and dining area, with plans for three bedrooms and two bathrooms. Progress includes a new roof, some new windows, siding, and installed ductwork for the furnace. Unit 108 is a blank canvas with new floor tile and a bathtub already installed in the bathroom. The buyer will need to secure permits from the city to complete the electrical, plumbing, and interior finishings. The property, with a size of 2136 square feet on a 0.12-acre lot, is zoned residential. This property is being sold as-is, presenting the opportunity to finish a high-value asset in a convenient location. TowneBank Mortgage offers specialized renovation and repair financing for this property, allowing you to finance both the purchase and the completion of construction in one loan.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.5k	$13.80
− Vacancy	−$1.9k	−$0.90
EGI	$27.6k	$12.90
− OpEx	−$8.3k	−$3.87
NOI	$19.3k	$9.03

2,136 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$275.6K

$241.2K – $321.6K (±1% cap)

NOI $19,293 @ 7.0% cap · market cap 8.89%

Second Best

Apartment 5plus

$242.3K

$212.0K – $282.7K (±1% cap)

NOI $16,962 @ 7.0% cap · market cap 7.82%

Theoretical Best

Office A

$704.2K

$616.2K – $821.6K (±1% cap)

NOI $49,296 @ 7.0% cap · market cap 22.72%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Mebane
County: Alamance
State: North Carolina
Longitude: -79.271682
Latitude: 36.096198

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For sale
Duplexes
NC
Mebane
27302
106 -108 S 2nd Street

What type of property is this?

Duplex - Duplex in downtown Mebane, ready for renovation.

Where is this duplex located?

The property is located at 106 -108 S 2nd Street Mebane, NC.

What is the asking price?

The asking price for this property is $217,000.

What are key features of this property?

This property features: Premier downtown Mebane location, steps from the library and social scene.; Investment opportunity to finish a duplex and create a high‑value asset.; Specialized renovation financing available through TowneBank Mortgage.

106 -108 S 2nd Street, Mebane, NC 27302

DUPLEX - Ranch - Mebane, NC

Property Features for 106 -108 S 2nd Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mebane Commercial Property For Sale

Commercial Property in Growing Corridor

Mebane Industrial Building on 1.3 Acres

Mebane Church Opportunity

Mebane Retail Opportunity

Mebane Warehouse with Expansion Potential

Mebane Day Care Opportunity

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