Siler City Duplex Investment
411 W Raleigh Street Siler City, NC 27344
411 W Raleigh Street, Siler City, NC, 27344
$259,000
Pending
For Sale
$259,000
Pending
DUPLEX - Ranch - Siler City, NC
Property Size1,877 SF
Lot Size0.35 Acres
Days on Market195
Property Features for 411 W Raleigh Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-20
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 3
- Fireplace
- 1
- Appliances
- Dryer, Electric Range, Refrigerator, Washer, Washer/Dryer
- Standard status
- Pending
- APN
- 16250
- Size
- 1,877 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Deed Book 2184 Page 720
- Tax Annual Amount
- 2443
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air, Central
- Cooling system
- Central Air, Separate Meters
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Flooring type
- Carpet, Tile, Wood, Hardwood, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agency
Harris Realty & Auction
(919) 742-3286
Listed by
Scott Harris · License #159569
(919) 498-4077
Added: Jan 9 Updated: Jul 17 at 11:45AM Checked: Jul 23 at 6:06AM
MLS# 10140332
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 presents an investment opportunity in Siler City, North Carolina. Unit #1 features two bedrooms, an updated kitchen, a living room, a dining area, fresh interior paint, and new flooring in the kitchen, bathroom, and bedrooms. Unit #2 includes one bedroom, a combined living/dining area, and a full kitchen. The property is located within walking distance to shopping and local amenities. Situated in the Carolina Core, it is 17 miles from the Toyota Battery Manufacturing Plant in Liberty, NC, and 5 miles from the Wolfspeed Silicon Carbide Chip Plant. The property sits on a 0.35-acre lot and has a building size of 1877 square feet. The zoning is R-20. The property offers options for owner-occupants or investors, with the potential to live in one unit and rent the other. The property is located at 411 W Raleigh Street, Siler City, NC 27344.
Key Highlights
- Duplex opportunity in Siler City with flexible layout for owner‑occupant or rental use
- Unit #1: 2 bedrooms with updated kitchen, living room, dining area, fresh interior paint, and new flooring in kitchen, bathroom, and bedrooms
- Unit #2: 1 bedroom with combined living/dining area and a full kitchen
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 | $25.9k | $13.80 |
| − Vacancy | −$2.9k | −$1.53 |
| EGI | $23.0k | $12.27 |
| − OpEx | −$6.9k | −$3.68 |
| NOI | $16.1k | $8.59 |
1,877 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.5K – $268.6K
NOI $16,117 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$203.1K
$177.8K – $237.0K
NOI $14,220 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$606.1K
$530.3K – $707.1K
NOI $42,427 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in growing Siler City, near major developments.
Where is this duplex located?
The property is located at 411 W Raleigh Street Siler City, NC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex opportunity in Siler City with flexible layout for owner‑occupant or rental use; Unit #1: 2 bedrooms with updated kitchen, living room, dining area, fresh interior paint, and new flooring in kitchen, bathroom, and bedrooms; Unit #2: 1 bedroom with combined living/dining area and a full kitchen
