Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    512 Nicholson St Clinton, NC 28328

    View on Map
    Sponsored
    For Sale
    Pending
    $92,000

    MULTI_FAMILY - Clinton, NC

    Property size:
    1,536 SF
    Lot size:
    0.21 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 7 at 1:06 pm

    Property Features for 512 Nicholson St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    R
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    12099436006
    Parking features
    Paved or Surfaced
    Size
    1,536 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Georgina G Zeng

    ELC Real Estate Inc. (910) 990-2628

    Listing agent Georgina G Zeng (910) 990-2628 License #277498

    Listing date Mar 2, 2026

    MLS# 100536324 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.

    Learn more

    Property Insight Report

    Overview

    Duplex in Clinton, NC

    This duplex is located within the city limits of Clinton, North Carolina, and is within walking distance of downtown. Each unit includes 2 bedrooms and 1 full bath. The property, with a total size of 1536 square feet and situated on a 0.21-acre lot, requires extensive repairs and updates. It offers an opportunity for renovation or investment due to its central location and solid structure. The property is zoned R. This property is sold AS-IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Sampson
    State
    North Carolina
    Longitude
    -78.321186
    Latitude
    35.005642

    Nearby Similar for Sale

    • New
      $279,000
      Pending

      Updated Commercial Building in Clinton

      Move-in ready commercial building with recent interior updates.
      209 W Morisey Blvd, Clinton, NC 28328
      View Details
    • $1,485,000
      67,500 SF

      Industrial Warehouse on 4.52 Acres

      67,500 SF warehouse on 4.52 acres near downtown Clinton, NC.
      395 Pugh Rd, Clinton, NC 28328
      View Details
    • $2,400,000
      Pending

      Profitable Auto Repair and Towing

      Established auto repair and towing businesses for sale in Clinton.
      276 Faison Hwy, Clinton, NC 28328
      View Details
    • Contact for pricing
      5,594 SF

      Clinton Office Building - Great Value!

      Spacious office space, ideal location, affordable price.
      709 Southwest Blvd, Clinton, NC 28328
      View Details
    • $599,900
      3,542 SF

      Clinton Commercial Building - Great Location

      Prime Clinton location, 3,542 sq ft, 0.49 acres.
      615 College St, Clinton, NC 28328
      View Details
    • $395,000
      1.94 Acres

      Prime Clinton, NC Commercial Land

      1.94 Acres, $395,000 - Development Opportunity
      1239 Sunset Ave, Clinton, NC 28328
      View Details
    • $194,900
      896 SF

      Clinton Commercial Building Opportunity

      896 sq ft, 0.46 acre lot, $194,900
      804 Southeast Blvd, Clinton, NC 28328
      View Details
    • $225,000
      10.22 Acres

      10-Acre Commercial Land, Clinton, NC

      Prime Clinton location, 10 acres, $225,000.
      45 Rj Ln, Clinton, NC 28328
      View Details
    • $1,485,000
      67,500 SF

      Clinton, NC Warehouse - $1.485M

      67,500 SF Warehouse, 4.52 Acres
      395 Pugh Rd, Clinton, NC 28328
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near downtown Clinton, ideal for renovation.
    Where is this duplex located?
    The property is located at 512 Nicholson St Clinton, NC.
    What is the asking price?
    The asking price for this property is $92,000.
    What are key features of this property?
    This property features: - Conveniently located within city limits and walking distance of downtown.; - Duplex with potential for renovation or investment.; - Solid structure with strong potential for future income or resale.
    (910) 990-2628
    Request Owner's contact information
    512 Nicholson St Clinton, NC 28328
    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.
    512 Nicholson St
    Clinton, NC 28328
    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
    512 Nicholson St Clinton, NC 28328
    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

    We can help!
    Listing Contact
    Georgina G Zeng
    Real Estate License ID: 277498
    (910) 990-2628
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!