Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Jacksonville Duplex: Income Potential Title is generated by Realmo AI

    500-502 Williams Street, Jacksonville, NC 28540

    View on Map
    Claim this Listing
    New
    For Sale
    $249,000

    MULTI_FAMILY - Jacksonville, NC

    Property size:
    1,500 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $166/SF
    Added:
    May 14, 2026
    Days on Market:
    2
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 500-502 Williams Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Rmf-Ld
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Wash/Dry Connect, Ceiling Fan(s), Blinds/Shades
    Appliances
    Electric Oven, Refrigerator
    Standard status
    Active
    APN
    417-113
    Size
    1,500 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L1 BF NORTHWOODS

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jaclyn Cook

    Listing agent Jaclyn Cook License #365696

    Listing office Joe Powers Realty PO Box 12397, Jacksonville, NC

    Listing date May 14, 2026

    MLS# 100573911 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

    • Immediate income potential from tenant‑occupied duplex.
    • Duplex located inside Jacksonville city limits.
    • One unit recently updated.
    • Value‑add opportunity with the second unit.
    • Convenient location near shopping, dining, schools, and major commuter routes.
    • Each unit has 2 bedrooms and 1 bath.

    Overview

    This tenant-occupied duplex is located inside Jacksonville city limits and offers immediate income potential. Each unit features 2 bedrooms and 1 bath. One side has been recently updated, while the other provides additional value-add opportunity. The property is conveniently located near shopping, dining, schools, and major commuter routes. Situated on a lot of 0.31 acres, the property size is 1500 square feet. This multi-family property is zoned Rmf-Ld. It presents an excellent opportunity for investors seeking a cash-flowing multi-family property with upside potential.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $166.7K
    NOI $15,002 @ 9.00% cap · cautious / downside scenario
    Moderate
    $214.3K
    NOI $15,002 @ 7.00% cap · market / base-case scenario
    Aggressive
    $300.0K
    NOI $15,002 @ 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 $22.5k $15.00
    − Vacancy −$1.1k −$0.71
    EGI $21.4k $14.29
    − OpEx −$6.4k −$4.29
    NOI $15.0k $10.00
    1,500 SF · lease $15.00/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $214.3K
    $187.5K – $250.0K (±1% cap)
    NOI $15,002 @ 7.0% cap · market cap 6.02%
    Second Best
    Apartment 5plus
    $194.8K
    $170.5K – $227.3K (±1% cap)
    NOI $13,637 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Office A
    $325.9K
    $285.1K – $380.2K (±1% cap)
    NOI $22,810 @ 7.0% cap · market cap 9.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.4233
    Latitude
    34.768536

    Nearby Similar for Sale

    • $495,000
      2,019 SF

      Downtown Jacksonville Commercial Building

      Versatile commercial building in downtown Jacksonville with ample parking.
      204 E Bayshore Boulevard, Jacksonville, NC 28540
      View Details
    • $299,000
      2,648 SF

      Functional Office Building in Jacksonville

      Move-in ready office building in established Jacksonville business area.
      200 Henderson Drive, Jacksonville, NC 28540
      View Details
    • $260,000
      1,450 SF

      Charming Duplex in Jacksonville, NC

      Duplex with 2-bedroom, 1-bath units in central Jacksonville.
      1216-1218 Davis Street, Jacksonville, NC 28540
      View Details
    • $249,000
      1,553 SF

      Updated Duplex in Jacksonville, NC

      Updated duplex near Camp Lejeune, ideal for investors or owner-occupiers.
      2266-2268 Onslow Drive, Jacksonville, NC 28540
      View Details
    • $250,000
      1,583 SF

      Well-Maintained Duplex Near Camp Lejeune

      Duplex near Camp Lejeune with updated interiors and strong rental potential.
      320-322 Starling Street, Jacksonville, NC 28540
      View Details
    • $500,000

      Jacksonville Land with Income Potential

      2.86 acre property with multiple manufactured homes.
      141 Bronco Lane, Jacksonville, NC 28540
      View Details
    • $275,000
      1,637 SF

      Updated Duplex Near Camp Lejeune

      Renovated duplex with strong rental potential near Camp Lejeune.
      317-319 Starling Street, Jacksonville, NC 28540
      View Details
    • $309,000
      1,654 SF

      New Duplex in Jacksonville, NC

      New construction duplex, ideal for investors or owner-occupants.
      103 S Glen Court, Jacksonville, NC 28540
      View Details
    • $1,510,870
      16,345 SF

      Value-Add Mobile Home Park Investment

      Two mobile home parks with income enhancement opportunities in North Carolina.
      629 Haws Run Road, Jacksonville, NC 28540
      View Details
    • $854,145
      15,000 SF

      Mixed-Use Property on Corner Lot

      2.75-acre corner lot with mixed-use masonry building for sale.
      611 Bell Fork Road, Jacksonville, NC 28540
      View Details
    • $595,000
      4,950 SF

      Highway 17 Retail Investment Opportunity

      Two retail units for sale with high visibility and access.
      917-919 N N. Marine Boulevard, Jacksonville, NC 28540
      View Details
    • $450,000
      1,167 SF

      Stand-Alone Commercial Building Near River

      Versatile commercial building near New River and Downtown Jacksonville.
      129 Old Bridge Street, Jacksonville, NC 28540
      View Details

    FAQs

    What type of property is this?
    Duplex - Tenant-occupied duplex near amenities, offering immediate income potential.
    Where is this duplex located?
    The property is located at 500-502 Williams Street Jacksonville, NC.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Immediate income potential from tenant‑occupied duplex.; Duplex located inside Jacksonville city limits.; One unit recently updated.
    (910) 382-2777
    We can help!
    Listing Contact
    Jaclyn Cook
    Real Estate License ID: 365696
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    500-502 Williams Street, Jacksonville, NC 28540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!