Building Details

Year built 2023

Floors in Building 2

Building materials Frame, Vinyl Siding

Listing Agency: Next Stage Realty n***@nextstagerealty.net Show Phone

Listed By: Chris Murphy · License #293540 Show Phone

Added: Jul 3 Changed: Sep 4 Last Checked: Oct 5 at 12:06PM

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MLS# 10177976

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 residential income property comprises five duplex buildings containing 10 residences on approximately 1.21 acres. The improvements total 16,930 square feet and feature frame construction with vinyl siding. The buildings were developed as contemporary multifamily housing, with individual residences offering either three-bedroom, two-and-a-half-bath or four-bedroom, two-and-a-half-bath layouts; the stated unit mix applies to five units and is not extended to the full residence count.

The property is located at 207 N Sellers Street in downtown Selma, Johnston County, North Carolina. RES zoning is identified for the site. The five-building group may be acquired together, in smaller groupings, or individually, subject to availability.

Key Highlights

• Five duplex buildings with 10 residences
• 16,930 square feet of improvements on 1.21 acres
• Three‑bedroom, 2.5‑bath and four‑bedroom, 2.5‑bath residences identified

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$172,529

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,450,580 $3.5M

Cap Rate 7%

$2,464,700 $2.5M

Cap Rate 9%

$1,916,989 $1.9M

Market Conditions

NOI Build-Up for 16,930 SF

Gross rent

$260.0K $15.36/SF

− Vacancy

−$13.6K −$0.80/SF

EGI

$246.5K $14.56/SF

− OpEx

−$73.9K −$4.37/SF

NOI

$172.5K $10.19/SF

Area

Johnston County, NC

Vacancy

5.22%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,450,580

Cap Rate 7%

$2,464,700

Cap Rate 9%

$1,916,989

Alternative Uses

Best Use

Multifamily LT 5

$2.46M

$2.16M – $2.88M (±1% cap)

NOI $172,529 @ 7.0% cap · market cap 7.77%

Second Best

Apartment 5plus

$2.13M

$1.86M – $2.48M (±1% cap)

NOI $148,885 @ 7.0% cap · market cap 6.71%

Theoretical Best

Office A

$5.12M

$4.48M – $5.98M (±1% cap)

NOI $358,521 @ 7.0% cap · market cap 16.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Pharmacy Building Supply Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Location Intelligence

Trade Area within ½ mile

324

Businesses Nearby

Explore this area Business Placement

Demographics for 27576, NC

17,568

Population

7,911

Households

2.2

Avg Household Size

37

Median Age

18%

College-Educated

84%

High-School Grad

81.3 sq mi

ZIP Area

216

Density / Sq Mi

$62,044

Median Household Income

$39,262

Median Earnings

$874

Median Rent

$178,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Residential income property with multiple duplex improvements and flexible acquisition options.

Where is this duplex located?

The property is located at 207 N Sellers Street Selma, NC.

What is the asking price?

The asking price for this property is $2,219,500.

What are key features of this property?

This property features: Five duplex buildings with 10 residences; 16,930 square feet of improvements on 1.21 acres; Three‑bedroom, 2.5‑bath and four‑bedroom, 2.5‑bath residences identified