Brick Duplex with Rented
For Sale
$175,000
108 S Pine Street, Rocky Mount, NC 27804
Residential, Rocky Mount, NC
Property Size1,499 SF
Lot Size0.18 Acres
Price / SF$116.74
Days on Market64
Property Features for 108 S Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4
Subdivision
Not in a Subdivision
Elementary school
Nash - Benvenue Elementary
Middle school
Nash - Rocky Mount Middle School
High school
Nash - Rocky Mount High
Standard status
Active
APN
028388
Size
1,499 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
36 9 1, LT 2 PINE STREET INVESTORS
Tax Annual Amount
146850
Legal Description
36 9 1, LT 2 PINE STREET INVESTORS
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Insight Residential Realty LLC
(919) 375-4532
Listed By:
Guido Alejandro Murillo
(631) 860-8678
Added: Aug 2
Changed: Sep 13
Last Checked: Oct 4 at 1:06AM
MLS# 10184154
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 duplex contains 1,499 square feet arranged as two residential units with a combined four bedrooms and two bathrooms. Both units are currently rented, and the property includes the units identified as 108 and 112. Brick construction, vinyl flooring, central air, a shingle roof, and a ranch-style design define the improvements.
The property occupies approximately 0.18 acres, or about 7,884 square feet, with public water and public sewer service. Built in 1950, it is located at 108 S Pine Street in Rocky Mount, North Carolina, within Nash County and ZIP Code 27804.
The property occupies approximately 0.18 acres, or about 7,884 square feet, with public water and public sewer service. Built in 1950, it is located at 108 S Pine Street in Rocky Mount, North Carolina, within Nash County and ZIP Code 27804.
Key Highlights
- Two‑unit duplex with both units currently rented
- 1,499 square feet with four bedrooms and two bathrooms
- Approximately 0.18 acres, or 7,884 square feet
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
$14,928
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
8.53%
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%
$298,560
$298.6K
Cap Rate 7%
$213,257
$213.3K
Cap Rate 9%
$165,867
$165.9K
Market Conditions
NOI Build-Up for 1,499 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
$22.8K $15.24/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$21.3K $14.23/SF
− OpEx
−$6.4K −$4.27/SF
NOI
$14.9K $9.96/SF
Area
Nash County, NC
Vacancy
6.65%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
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%
$298,560
Cap Rate 7%
$213,257
Cap Rate 9%
$165,867
Alternative Uses
Best Use
Multifamily LT 5
$213.3K
$186.6K – $248.8K
NOI $14,928 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,249 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 27804, NC
28,707
Population
14,352
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
89%
High-School Grad
43.0 sq mi
ZIP Area
668
Density / Sq Mi
$58,837
Median Household Income
$36,445
Median Earnings
$977
Median Rent
$177,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two currently rented units offer a duplex configuration with brick construction and central air.
Where is this duplex located?
The property is located at 108 S Pine Street Rocky Mount, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with both units currently rented; 1,499 square feet with four bedrooms and two bathrooms; Approximately 0.18 acres, or 7,884 square feet
