Secluded Duplex on Large
52031 Piney Ridge Road Frisco, NC 27936
52031 Piney Ridge Road, Frisco, NC, 27936
$700,000
For Sale
$700,000
MULTI_FAMILY - Frisco, NC
Property Size2,600 SF
Lot Size2.25 Acres
Price / SF$269.23
Days on Market105
Property Features for 52031 Piney Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SED-1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Utility Room, Laundry Room, Bedroom 2, Bathroom 2
- Interior features
- Attic, Bay/Bow Window, Cedar Closet(s), Pantry, Walk in Closet
- Appliances
- Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 2.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2400
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1989
- Number of units
- 2
- Flooring type
- Carpet, Tile, Tile - Ceramic, Vinyl
- Building materials
- Masonry, Wood
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Home Zu
(888) 875-4218
3321 Chamblee Dunwoody Rd, Tucker, NC
Listed by
Susan Ayers · License #347205
(888) 875-4218
Added: Apr 3 Checked: Jul 16 at 7:06 pm
MLS# 132397
Listing URL
Copyright © 2026 Outer Banks Association of Realtors®. 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 property features a house with two separate units, each measuring 1300 square feet. The house is situated on 2.25 acres, offering secluded privacy in a wooded setting on the ocean side of Highway 12. The upstairs unit includes 3 bedrooms and 2 bathrooms, along with a large deck that surrounds the entire house. The downstairs unit has 2 large bedrooms and 1 large bathroom, complemented by a front porch, patio, and a screened-in back porch with a hot tub. The property also includes an adjacent one-acre cleared, buildable lot, offering additional potential.
Key Highlights
- Two separate units totaling 2,600 SF: 1,300 SF upper unit and 1,300 SF lower unit
- 3BR/2BA upstairs unit with a large deck that wraps around the house
- Downstairs unit offers 2 large bedrooms, 1 large bathroom, plus a front porch, patio, and screened‑in back porch with hot tub
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 | $57.7k | $22.20 |
| − Vacancy | −$2.9k | −$1.11 |
| EGI | $54.8k | $21.09 |
| − OpEx | −$16.5k | −$6.33 |
| NOI | $38.4k | $14.76 |
2,600 SF · lease $22.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.3K
$479.8K – $639.7K
NOI $38,384 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$627.6K
$549.1K – $732.2K
NOI $43,930 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit house on 2.25 acres with buildable lot.
Where is this duplex located?
The property is located at 52031 Piney Ridge Road Frisco, NC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two separate units totaling 2,600 SF: 1,300 SF upper unit and 1,300 SF lower unit; 3BR/2BA upstairs unit with a large deck that wraps around the house; Downstairs unit offers 2 large bedrooms, 1 large bathroom, plus a front porch, patio, and screened‑in back porch with hot tub
