Versatile Investment Property Near
2801 Jefferson Drive, Greenville, NC 27858
- Added:
- Jan 22, 2026
- Days on Market:
- 119
- Last Refresh:
- May 21 at 8:06 pm
Property Features for 2801 Jefferson Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R9
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1
- Parking
- 2
- Parking features
- Driveway, Tandem, Garage
- Patio and Porch features
- Deck, Porch
- Interior features
- Master Downstairs, Wash/Dry Connect, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Eat-in Kitchen
- Exterior features
- Mail on Site
- Fencing
- Fenced, Chain Link
- Appliances
- Electric Oven, Range, Dishwasher
- Standard status
- Pending
- APN
- 009145
- Size
- 1,602 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COLONIAL HEIGHTS
- Tax Annual Amount
- 2148
Utilities
- Heating system
- Baseboard, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Lvt/lvp, Carpet
- Building materials
- Brick Veneer, Vinyl Siding, Wood Frame
- Roof type
- Composition
Listing agent TODD RAMSEY License #118600 (252) 916-2151
Listing office RAMSEY SMITH GROUP Greenville, NC (252) 916-2151
Listing date Jan 22, 2026
MLS# 100550769
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.
HighLights
- Investment Opportunity: Versatile property suitable for long‑term rental, Airbnb, or house hacking.
- Prime Location: Highly sought‑after Colonial Heights area, near Tenth Street and within a mile of East Carolina University.
- Dual Income Potential: Unit A (3 bed, 1 bath, 1,059 sq ft) and Unit B (1 bed, 1 bath, 543 sq ft) can be rented separately.
- Separate Utilities: Unit A and Unit B have separate electrical meters.
- Existing Leases: Both units are currently leased until July 31, 2026 (Unit A) and August 31, 2026 (Unit B), providing immediate income.
- Amenities: Includes a tandem two‑car garage, rear deck with fenced yard (Unit A), and separate entrances (Unit B).
Overview
This property, located in the Colonial Heights area, presents an investment opportunity as either a single-family home with an accessory dwelling unit (ADU) or a two-unit property. It is situated off Tenth Street, within a mile of East Carolina University, an area with strong rental demand. The property can be used for long-term rentals, a high-yield short-term rental/Airbnb, or as an owner-occupied residence with rental income from the other unit. Unit A, the main house on level one, features 1,059 heated square feet, three bedrooms, one full bathroom, a living room, and a kitchen. It also includes a tandem two-car garage, a rear deck with a fenced yard, washer & dryer hookups in the garage, and a front porch. Unit B (ADU) is on level two above the tandem garage and has 543 heated square feet, one bedroom, one full bathroom, a living room, a kitchen, a front porch, and two separate entrances. The property has two separate electrical meters. The lot size is 0.22 acres. Unit A is leased until July 31, 2026, and Unit B is leased until August 31, 2026. The property is zoned R9.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$118.8K
NOI $10,695 @ 9.00% cap · cautious / downside scenario
Moderate
$152.8K
NOI $10,695 @ 7.00% cap · market / base-case scenario
Aggressive
$213.9K
NOI $10,695 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $15.3k | $9.54 |
| − OpEx | −$4.6k | −$2.86 |
| NOI | $10.7k | $6.68 |
1,602 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$152.8K
$133.7K – $178.3K
NOI $10,695 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$142.3K
$124.5K – $166.0K
NOI $9,960 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$348.7K
$305.1K – $406.9K
NOI $24,411 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Pitt
- State
- North Carolina
- Longitude
- -77.341746
- Latitude
- 35.601968
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property near East Carolina University with flexible investment options.
Where is this duplex located?
The property is located at 2801 Jefferson Drive Greenville, NC.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Investment Opportunity: Versatile property suitable for long‑term rental, Airbnb, or house hacking.; Prime Location: Highly sought‑after Colonial Heights area, near Tenth Street and within a mile of East Carolina University.; Dual Income Potential: Unit A (3 bed, 1 bath, 1,059 sq ft) and Unit B (1 bed, 1 bath, 543 sq ft) can be rented separately.
