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    The Largest CRE Database in the US with Over 1 Million Listings

    500 Zene St Henderson, NC 27536

    Sponsored
    For Sale
    $199,000

    MULTI_FAMILY - Henderson, NC

    Property size:
    1,344 SF
    Lot size:
    0.38 Acres
    Days on Market:
    42
    Last Refresh:
    Jan 26 at 3:06 pm

    Property Features for 500 Zene St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    002505011
    Parking features
    Driveway
    Size
    1,344 SF
    Lot size
    0.38 Acres

    Utilities

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

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jessica Taylor Landes

    Tiffany's Management, Inc (919) 524-4152

    Listing agent Jessica Taylor Landes (919) 524-4152

    Listing date Dec 16, 2025

    MLS# 10127241 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. 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

    Updated Duplex: Investor Opportunity

    This updated duplex in Henderson, North Carolina, presents an investor opportunity with immediate access to a vacant unit. The property is ideally positioned near local shopping, dining, and essential conveniences. Unit 500 is vacant and move-in ready, while Unit 502 is occupied with a month-to-month tenant, providing ongoing rental income. Each side of the duplex features 2 bedrooms and 1 full bath. Unit 500 includes an updated electric heat pump (2021), new stove (2020), refrigerator (2022), interior paint/carpet/vinyl refresh (Dec 2022), and a new hot water heater (2023). Unit 502 received updated paint, carpet, and vinyl in June 2021, along with a new refrigerator in June 2022. The property, situated on a 0.38-acre lot, offers a total of 1344 square feet of living space. This duplex is a turnkey investment with both stability and upside potential. Rents remain below market value, offering room for increased returns. The property is located in Vance County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.404589
    Latitude
    36.323468

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex with updated unit ready for immediate occupancy.
    Where is this duplex located?
    The property is located at 500 Zene St Henderson, NC.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Duplex in Henderson: Great location with consistent rental demand.; - Vacant Unit (500) with Immediate Access: Allows for immediate occupancy.; - Updated Unit 500: Features recent upgrades including a new electric heat pump, stove, refrigerator, interior paint/carpet/vinyl refresh, and hot water heater.
    (919) 524-4152
    Request Owner's contact information
    500 Zene St Henderson, NC 27536
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    Henderson, NC 27536
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    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
    500 Zene St Henderson, NC 27536
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    We can help!
    Listing Contact
    Jessica Taylor Landes
    (919) 524-4152
    Learn more
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