Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    207 S Oakum St Edenton, NC 27932

    Sponsored
    For Sale
    $545,000

    MULTI_FAMILY - Edenton, NC

    Property size:
    2,700 SF
    Lot size:
    0.19 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 27 at 3:06 am

    Property Features for 207 S Oakum St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3
    Bedrooms
    4
    Bathrooms
    4
    APN
    780408789633
    Parking features
    Off Street
    Patio and Porch features
    Porch, Deck
    Interior features
    Kitchen Island, Furnished, Walk-in Shower
    Exterior features
    Balcony
    Size
    2,700 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Van-Dee Hetherington
    Van-Dee Hetherington

    Welcome Home Realty NC (252) 482-0888

    Listing agent Van-Dee Hetherington License #251169

    Listing date Jan 23, 2026

    MLS# 100536686 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Triplex in Historic District

    This fully renovated triplex is located in the lively downtown historic district of Edenton. Each unit has been updated while maintaining its historic character. Unit A features a one-bedroom, one-bath layout and a covered front porch. Unit B, located upstairs, includes two bedrooms, two baths, and a balcony overlooking the neighborhood. Unit C offers a one-bedroom, one-bath layout with a private deck. Each unit includes its own outdoor space and laundry. The property has a strong rental history and has been successfully operated as long-term, medium-term, and short-term rentals. The property offers versatility, character, and proven income potential. The property size is 2700 square feet and the lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edenton
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.604455
    Latitude
    36.058439

    Nearby Similar for Sale

    • New
      $350,000
      Pending

      Charming Quad Apartment Building

      Quad apartment building, one block from downtown, great investment.
      207 E Church St, Edenton, NC 27932
      View Details
    • $199,900
      2,044 SF

      Income-Producing Duplex Near Downtown

      Duplex with two units, rented, near downtown Edenton, NC.
      313 N Granville St, Edenton, NC 27932
      View Details
    • New
      $299,900
      1,752 SF

      Remodeled Duplex in Edenton, NC

      Remodeled brick duplex with tenant in place in Edenton.
      150 Shannonhouse Rd, Edenton, NC 27932
      View Details
    • $3,500,000
      38,400 SF

      Industrial Warehouse with Crane Rails

      38,400 SF industrial building on 8.42 acres for sale.
      109 Anchors Way Dr, Edenton, NC 27932
      View Details
    • $1,332,850
      6 SF

      Retail Building on Broad Street

      Free-standing retail building on 0.79 acres available for sale.
      1107 N Broad St, Edenton, NC 27932
      View Details
    • $529,000
      Pending

      Waterfront Land on Chowan River

      30 acres of waterfront land near Historic Edenton, NC.
      3047 Bass Landing Rd, Edenton, NC 27932
      View Details
    • $495,000
      3,150 SF

      Edenton Commercial Building - Prime Location

      Spacious building, half-acre lot, ideal for various uses.
      1328 Broad St, Edenton, NC 27932
      View Details
    • $695,000
      7,000 SF

      Downtown Edenton Commercial Building

      7,000 SF Commercial Space - $695,000
      309 Broad St, Edenton, NC 27932
      View Details
    • $4,923,567
      14,821 SF

      Walgreens Pharmacy Investment

      Prime NC Retail Net Lease, 10.8 Years Left
      717 Broad St, Edenton, NC 27932
      View Details

    FAQs

    What type of property is this?
    Triplex - Turnkey triplex in Edenton's historic downtown with income potential.
    Where is this triplex located?
    The property is located at 207 S Oakum St Edenton, NC.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Fully renovated, turnkey triplex in Edenton's historic downtown.; - Strong rental history with proven income potential (long-term, medium-term, short-term).; - Sold fully furnished with individual laundry and outdoor spaces for each unit.
    (252) 333-8000
    Request Owner's contact information
    207 S Oakum St Edenton, NC 27932
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    207 S Oakum St
    Edenton, NC 27932
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    207 S Oakum St Edenton, NC 27932
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Van-Dee Hetherington
    Van-Dee Hetherington
    Real Estate License ID: 251169
    (252) 333-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.