Versatile Duplex with Studio
1400 Chestnut Street, Greenville, NC 27834
MULTI_FAMILY - Greenville, NC
Property size:
2,371 SFLot size:
0.15 AcresPrice / SF:
$78/SF- Added:
- Apr 10, 2026
- Days on Market:
- 47
- Last Refresh:
- May 26 at 8:06 pm
Property Features for 1400 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
- Parking features
- Off Street
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch
- Interior features
- 2nd Kitchen, Apt/Suite, Pantry
- Exterior features
- Storm Doors, Thermal Doors
- Standard status
- Active
- APN
- 011484
- Size
- 2,371 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1400 CHESTNUT STREET IN GREENVILLE, NC 27834/TWO SEPARATE APARTMENTS
- Tax Annual Amount
- 1467
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Parquet Wood, Other34, Vinyl
- Building materials
- Vinyl Siding, Wood Frame
- Roof type
- Shingle
Listing agent Stephanie Smith License #233506 (910) 518-9280
Listing office Select Premium Properties Inc. 1213 Culbreth Dr., Wilmington, NC (910) 518-9280
Listing date Apr 10, 2026
MLS# 100566409
Listing URL
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with separate entrances and individual metering for utilities.
- Additional building, previously a studio, ideal for storage, work studio, or office space, and separately metered for water and electric.
- Prime location: minutes from hospital, schools, shopping, grocery stores, East Carolina University, and a 10‑minute walk to the downtown entertainment district.
- Spacious yard is ideal for entertaining.
- Stunning wraparound porch renovated in 2022.
- Interior features include a second kitchen and pantry.
Overview
This duplex presents an opportunity for a buyer or investor. Each unit has a separate entrance and is individually metered for water, electric, and gas. The property includes another building that was previously rented as a studio apartment and is also separately metered for water and electric. This additional space can now serve as storage, a private work studio, or an office. The property features a spacious yard suitable for entertaining and a wraparound porch that was renovated in 2022. The property is located minutes from the local hospital, schools, shopping, grocery stores, East Carolina University, and the downtown entertainment district, which is a 10-minute walk away. The property is being sold in ''as is'' condition. The lot size is 0.15 acres and the property size is 2371 square feet. The zoning is R6.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$175.9K
NOI $15,829 @ 9.00% cap · cautious / downside scenario
Moderate
$226.1K
NOI $15,829 @ 7.00% cap · market / base-case scenario
Aggressive
$316.6K
NOI $15,829 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $10.20 |
| − Vacancy | −$1.6k | −$0.66 |
| EGI | $22.6k | $9.54 |
| − OpEx | −$6.8k | −$2.86 |
| NOI | $15.8k | $6.68 |
2,371 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,741 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Community Self Empowerment, ...
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Pitt
- State
- North Carolina
- Longitude
- -77.385517
- Latitude
- 35.605905
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with separate studio, ideal for owner-occupant or investor.
Where is this duplex located?
The property is located at 1400 Chestnut Street Greenville, NC.
What is the asking price?
The asking price for this property is $185,500.
What are key features of this property?
This property features: Duplex with separate entrances and individual metering for utilities.; Additional building, previously a studio, ideal for storage, work studio, or office space, and separately metered for water and electric.; Prime location: minutes from hospital, schools, shopping, grocery stores, East Carolina University, and a 10‑minute walk to the downtown entertainment district.
