Turnkey Duplex with Private
215/217 Lloyd Street Holly Ridge, NC 28445
For Sale
$399,995
MULTI_FAMILY - Holly Ridge, NC
Property Size2,400 SF
Lot Size0.48 Acres
Price / SF$166.66
Days on Market155
Property Features for 215/217 Lloyd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-15A
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
Parking
2
Security features
Security Lighting
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fan(s)
Appliances
Electric Oven, Electric Cooktop, Washer, Refrigerator, Dryer
Standard status
Active
APN
423711558797
Size
2,400 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L17 P1 SHOLAR ESTATES
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2009
Floors in Building
1
Number of units
2
Flooring type
Carpet, Lvt/lvp, Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Salt Marsh Properties
(919) 355-8063
Listed By:
Ariana Blevins · License #339914
(910) 988-0146
Added: Feb 22
Changed: Jul 18
Last Checked: Jul 27 at 2:06PM
MLS# 100556084
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.
Investment Insights
Based on property information with market context.
This turnkey, fully occupied duplex consists of a pair of residential units at 215/217 Lloyd Street. The property is described as having long-term tenants in place and generating $2,500 per month in rental income. A partial private, fenced-in yard is included, providing functional outdoor space that can be attractive to tenants.
Located in Holly Ridge, the property is positioned just minutes from Surf City beaches and is described as conveniently situated between Jacksonville and Wilmington. Easy access to Hwy 17 is noted, supporting practical commuting while maintaining the coastal lifestyle appeal associated with the area. The property sits on a 0.48-acre lot.
For investors seeking immediate income, this duplex is offered with tenants already in place according to the listing remarks. Its duplex structure can also support tenant mix and operational simplicity compared with larger multi-family assets. With its current occupancy and included outdoor space, the property may fit an investor’s portfolio strategy focused on stable, rental-ready housing in Eastern North Carolina.
Located in Holly Ridge, the property is positioned just minutes from Surf City beaches and is described as conveniently situated between Jacksonville and Wilmington. Easy access to Hwy 17 is noted, supporting practical commuting while maintaining the coastal lifestyle appeal associated with the area. The property sits on a 0.48-acre lot.
For investors seeking immediate income, this duplex is offered with tenants already in place according to the listing remarks. Its duplex structure can also support tenant mix and operational simplicity compared with larger multi-family assets. With its current occupancy and included outdoor space, the property may fit an investor’s portfolio strategy focused on stable, rental-ready housing in Eastern North Carolina.
Key Highlights
- Fully occupied duplex with long‑term tenants generating $2,500/month in rental income
- Built in 2009
- Central air conditioning plus heat pump and electric heating
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 | $36.0k | $15.00 |
| − Vacancy | −$1.7k | −$0.71 |
| EGI | $34.3k | $14.29 |
| − OpEx | −$10.3k | −$4.29 |
| NOI | $24.0k | $10.00 |
2,400 SF · lease $15.00/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.0K – $400.1K
NOI $24,003 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$311.7K
$272.8K – $363.7K
NOI $21,820 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex delivering stated monthly rental income and includes a partial private fenced-in yard.
Where is this duplex located?
The property is located at 215/217 Lloyd Street Holly Ridge, NC.
What is the asking price?
The asking price for this property is $399,995.
What are key features of this property?
This property features: Fully occupied duplex with long‑term tenants generating $2,500/month in rental income; Built in 2009; Central air conditioning plus heat pump and electric heating
