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    1400 Clingman St Goldsboro, NC 27534

    For Sale
    $755,000

    MULTI_FAMILY - Goldsboro, NC

    Property size:
    1,208 SF
    Lot size:
    0.70 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 1400 Clingman St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-9
    APN
    12000083002001
    Size
    1,208 SF
    Lot size
    0.70 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    6
    Building materials
    Vinyl Siding

    Legacy Builder, LLC (919) 440-1689

    Listing agent Kimberly Dewey (480) 206-1116 License #314854

    Listing date Oct 30, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Goldsboro NC 6-Unit Apartment Complex

    This six-unit apartment complex in Goldsboro, NC, presents an opportunity for investors seeking stable cash flow with strong upside potential. The property features five units with three bedrooms and two bathrooms each, and one unit with two bedrooms and one bathroom, including a private garage. The units offer spacious floor plans. Existing rents are intentionally below market, with all units converting to month-to-month leases at transfer, providing flexibility for the new owner to reposition rents. The current gross income, with two vacant units, is approximately $79,200 per year. Comparable properties in the area support market rents of $1,150 to $1,450 per month per unit, translating to a pro forma gross income of $82,800 to $104,400 annually. With light cosmetic updates and rent adjustments to market levels, investors can expect an additional $3,600 to $25,200 in annual income. The property is zoned R-9 and situated on a 0.7-acre lot.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldsboro
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.979741
    Latitude
    35.394381

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex with upside potential in Goldsboro, NC.
    Where is this apartment building located?
    The property is located at 1400 Clingman St Goldsboro, NC.
    What is the asking price?
    The asking price for this property is $755,000.
    What are key features of this property?
    This property features: - Significant income upside by increasing rents to market rates.; - Value-add opportunity through cosmetic updates.; - Strong cash flow potential with current gross income of approximately $79,200/year.
    (480) 206-1116
    Request Owner's contact information
    1400 Clingman St Goldsboro, NC 27534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Clingman St Goldsboro, NC 27534
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