Brick Duplex with
For Sale
$159,900
714 Hines Street W, Wilson, NC 27893
Residential Income, Wilson, NC
Property Size1,673 SF
Lot Size0.17 Acres
Price / SF$95.58
Days on Market125
Property Features for 714 Hines Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GR6
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street
Patio and Porch features
Patio
Subdivision
Not In Subdivision
Elementary school
Hearne
Middle school
Darden
High school
Fike
Directions
Nash St. toward downtown; turn right onto Rountree St.; turn left onto Hines St.; duplex on the left.
Standard status
Active
APN
3722-02-0634.000
Size
1,673 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
714 HINES ST W 1.00LT
Tax Annual Amount
799
Legal Description
714 HINES ST W 1.00LT
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick Veneer, Wood Frame
Roof type
Shingle, Composition
Listing Agency:
Chesson Realty
(252) 291-3600
Listed By:
Adam Chesson · License #230531
(252) 230-9555
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 31 at 11:06AM
MLS# 100570441
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.
Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 1,673 square feet. The 714 side has 1 bedroom and 1 bathroom, while the 716 side offers 2 bedrooms and 1 bathroom. Both units are currently rented. Construction combines brick veneer and wood frame elements, with vinyl and carpet flooring, forced-air natural gas heating, and wall/window unit cooling. A patio and off-street parking are included.
The property occupies 0.17 acres at 714 Hines Street W in Wilson, North Carolina. Public water serves the site, and the property is identified as GR6 zoning. Built in 1954, the building has a shingle and composition roof.
The property occupies 0.17 acres at 714 Hines Street W in Wilson, North Carolina. Public water serves the site, and the property is identified as GR6 zoning. Built in 1954, the building has a shingle and composition roof.
Key Highlights
- Two‑unit duplex totaling 1,673 Square Feet
- 714 side: 1BR/1BA; 716 side: 2BR/1BA
- Both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,980
$273.0K
Cap Rate 7%
$194,986
$195.0K
Cap Rate 9%
$151,656
$151.7K
Market Conditions
NOI Build-Up for 1,673 SF
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.
Gross rent
$21.1K $12.60/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$19.5K $11.66/SF
− OpEx
−$5.8K −$3.50/SF
NOI
$13.6K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,980
Cap Rate 7%
$194,986
Cap Rate 9%
$151,656
Alternative Uses
Best Use
Multifamily LT 5
$195.0K
$170.6K – $227.5K
NOI $13,649 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,631 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences with separate one- and two-bedroom layouts in Wilson.
Where is this duplex located?
The property is located at 714 Hines Street W Wilson, NC.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,673 Square Feet; 714 side: 1BR/1BA; 716 side: 2BR/1BA; Both units currently rented
