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    1503 Orchard Villas Ave Apex, NC 27502

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    Sponsored
    For Sale
    $499,000

    DUPLEX - Ranch - Apex, NC

    Type:Single Family Residence
    Property size:
    1,532 SF
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 8:06 pm

    Property Features for 1503 Orchard Villas Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security
    Zoning
    TND-CU
    Rooms
    Laundry Room, Bedroom 1, Dining Room, Bedroom 2, Bathroom 2, Bathroom 1, Laundry Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    0742079487
    Parking
    2
    Parking features
    Garage, Driveway, Open
    Patio and Porch features
    Patio
    Interior features
    Bathtub/Shower Combination, Cathedral Ceiling(s), Ceiling Fan(s), Dining L, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Primary Downstairs, Recessed Lighting, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
    Exterior features
    Fenced Yard, Private Yard
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
    Size
    1,532 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating), Wood, Fireplace(s), Exhaust Fan (Heating), Central, Baseboard, Forced Air
    Cooling system
    Ceiling Fan(s), Evaporative Cooling, Central Air
    Water source
    Public

    Building Details

    Year built
    2013
    Floors in Building
    1
    Flooring type
    Carpet, Tile - Ceramic, Wood
    Building materials
    Fiber Cement, Stone Veneer
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Xuejun Li

    NCLady Realty, LLC (919) 579-9460

    Listing agent Xuejun Li (919) 579-9460

    Listing date Mar 6, 2026

    MLS# 10151082 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Apex Ranch Duplex in Orchard Villas

    This is a freshly painted, well-maintained ranch-style duplex located in the Orchard Villas community in Apex. Designed for residents 55 and over, this property includes 2 bedrooms and 2 full bathrooms. A private study complements the living space. The property features a 2-car garage with epoxy-coated flooring. The interior layout includes a living room with a natural gas fireplace, a breakfast nook, and a kitchen equipped with granite countertops and a center island. The family room and dining area feature vaulted ceilings. The primary suite includes a dual-vanity bathroom and a walk-in closet. A mudroom/laundry room provides added convenience. The property is located in a walkable neighborhood with nearby trails, and residents have access to community amenities such as a pool and clubhouse. The homeowner's association covers exterior maintenance and landscaping. The property is located near the Duke Health Center and is approximately 5 minutes from Costco, Lowe's, Target, banks, restaurants, and Aldi. US-64 is easily accessible for commuting. The property size is 1532 square feet. Refrigerator, washer, and dryer are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.861889
    Latitude
    35.748753

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    FAQs

    What type of property is this?
    Duplex - Well-maintained 55+ ranch duplex with modern amenities and convenient location.
    Where is this duplex located?
    The property is located at 1503 Orchard Villas Ave Apex, NC.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Desirable 55+ ranch-style duplex in sought-after Orchard Villas community in Apex.; - Low-maintenance living with HOA covering exterior maintenance and landscaping.; - Convenient location: walking distance to Duke Health Center and close to shopping and restaurants, with easy access to US-64.
    (919) 579-9460
    Request Owner's contact information
    1503 Orchard Villas Ave Apex, NC 27502
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    Apex, NC 27502
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1503 Orchard Villas Ave Apex, NC 27502
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    Listing Contact
    Xuejun Li
    (919) 579-9460
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