Renovated Duplex with Separate
114 S Mitchell Street Rutherfordton, NC 28139
114 S Mitchell Street, Rutherfordton, NC, 28139
$225,000
For Sale
$225,000
MULTI_FAMILY - Rutherfordton, NC
Property Size1,380 SF
Lot Size0.17 Acres
Price / SF$163.04
Days on Market114
Property Features for 114 S Mitchell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R21L
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room
- Parking
- 4
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Appliances
- Electric Range, Refrigerator
- Standard status
- Active
- APN
- 1634036
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- .17 acres S Mitchell Street
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Linoleum
- Building materials
- Asbestos
- Roof type
- Shingle
Listing Agency
RE/MAX Journey
(828) 395-2222
121 Laurel Dr, Rutherfordton, NC
Listed by
Randy Reavis · License #322805
(828) 287-6819
Added: Mar 27 Checked: Jul 18 at 2:06 am
MLS# 4321384
Listing URL
Copyright © 2026 Canopy 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 newly renovated duplex is set up as two self-contained units, making it straightforward for owner occupancy or a full rental operation. Each side includes 1 bedroom, 1 bathroom, and a living room, with approximately 690 square feet of living space per unit. Both units have their own entrances, separate utility meters, and dedicated laundry areas, supporting privacy and convenient day-to-day use. The property is offered in excellent condition with extensive updates, and the layout is designed to be efficient and ready to operate.
Located in Rutherfordton, the duplex benefits from a convenient central setting. The property is described as walkable to shopping, dining, and medical, which can help simplify tenant access to everyday needs.
For tenants or buyers looking for a manageable multi-unit configuration, the two-unit design offers practical flexibility. You can live in one unit while renting the other, or rent both units under a single ownership approach. With separate entrances, separate utilities, and in-unit laundry areas already in place, the duplex supports an easier operational model compared with units that share more building systems.
Located in Rutherfordton, the duplex benefits from a convenient central setting. The property is described as walkable to shopping, dining, and medical, which can help simplify tenant access to everyday needs.
For tenants or buyers looking for a manageable multi-unit configuration, the two-unit design offers practical flexibility. You can live in one unit while renting the other, or rent both units under a single ownership approach. With separate entrances, separate utilities, and in-unit laundry areas already in place, the duplex supports an easier operational model compared with units that share more building systems.
Key Highlights
- Newly renovated duplex with two separate 1 BR, 1 Bath units for owner‑occupant or full rental use
- Each unit has its own entrance, separate utility meters, and a dedicated laundry area
- Approx. 690 sq ft living space per unit; total approx. 1,380 sq ft
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.4k | $9.00 |
| − Vacancy | −$802 | −$0.58 |
| EGI | $11.6k | $8.42 |
| − OpEx | −$3.5k | −$2.53 |
| NOI | $8.1k | $5.89 |
1,380 SF · lease $9.00/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$116.2K
$101.7K – $135.5K
NOI $8,132 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$106.7K
$93.4K – $124.5K
NOI $7,470 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$304.3K
$266.3K – $355.1K
NOI $21,303 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Newly renovated duplex featuring two 1-bedroom units with separate utilities and turnkey interiors for flexible living or rentals.
Where is this duplex located?
The property is located at 114 S Mitchell Street Rutherfordton, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Newly renovated duplex with two separate 1 BR, 1 Bath units for owner‑occupant or full rental use; Each unit has its own entrance, separate utility meters, and a dedicated laundry area; Approx. 690 sq ft living space per unit; total approx. 1,380 sq ft
