Duplex With Dual Rental
204 W Holt Street Burlington, NC 27217
204 W Holt Street, Burlington, NC, 27217
$239,900
Pending
For Sale
$239,900
Pending
DUPLEX - Bungalow - Burlington, NC
Property Size1,011 SF
Lot Size0.11 Acres
Days on Market127
Property Features for 204 W Holt Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Laundry Room, Laundry Room, Bathroom 1, Family Room, Bedroom 1, Bedroom 2
- Standard status
- Pending
- APN
- 136542
- Size
- 1,011 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- W Holt St 28-97-19
- Tax Annual Amount
- 827
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 1
- Flooring type
- Laminate
- Building materials
- Brick Veneer
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agency
Coldwell Banker HPW
(919) 876-8824
Listed by
Jim Allen
(919) 645-2114
Added: Mar 19 Updated: Jul 17 at 11:07PM Checked: Jul 23 at 8:06AM
MLS# 10153785
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 investment property includes two separate units at 204/206 W Holt Street. Each unit is configured with 1 bedroom, 1 full bath, a family room, and a kitchen, creating an efficient, tenant-friendly layout. The dual-unit setup supports two independent rental income streams, which can help diversify income and reduce vacancy risk compared to a single-household rental.
Located in Burlington, the property is positioned near local restaurants, shopping, and everyday amenities. That convenience can support steady tenant demand by keeping daily needs close by, whether the space is managed for pure investment income or used as a live-in-and-lease option.
With a compact footprint and a functional interior design, this duplex may appeal to investors seeking an income-producing residential asset they can add to a portfolio. It also offers flexibility for an owner-occupant model, where one unit can be lived in while the other unit helps offset ownership costs. Overall, the property’s two-unit structure and practical layouts are well-suited for buyers focused on rental income potential and long-term value.
Located in Burlington, the property is positioned near local restaurants, shopping, and everyday amenities. That convenience can support steady tenant demand by keeping daily needs close by, whether the space is managed for pure investment income or used as a live-in-and-lease option.
With a compact footprint and a functional interior design, this duplex may appeal to investors seeking an income-producing residential asset they can add to a portfolio. It also offers flexibility for an owner-occupant model, where one unit can be lived in while the other unit helps offset ownership costs. Overall, the property’s two-unit structure and practical layouts are well-suited for buyers focused on rental income potential and long-term value.
Key Highlights
- Duplex with built‑in two‑unit income potential (204/206 W Holt Street)
- Each unit has 1 bedroom, 1 full bath, a family room, and a kitchen
- Built in 1910 with bungalow architectural style
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 | $14.0k | $13.80 |
| − Vacancy | −$907 | −$0.90 |
| EGI | $13.0k | $12.90 |
| − OpEx | −$3.9k | −$3.87 |
| NOI | $9.1k | $9.03 |
1,011 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.2K
NOI $9,131 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$114.7K
$100.4K – $133.8K
NOI $8,028 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$333.3K
$291.7K – $388.9K
NOI $23,333 @ 7.0% cap · market cap 9.73%
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 - Two separate 1-bedroom units offer built-in rental income potential in a convenient Burlington location.
Where is this duplex located?
The property is located at 204 W Holt Street Burlington, NC.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex with built‑in two‑unit income potential (204/206 W Holt Street); Each unit has 1 bedroom, 1 full bath, a family room, and a kitchen; Built in 1910 with bungalow architectural style
