Duplex with Front
For Sale
$254,000
805 N Mebane Street, Burlington, NC 27217
Residential Income, Burlington, NC
Property Size1,289 SF
Lot Size0.23 Acres
Price / SF$197.05
Days on Market53
Property Features for 805 N Mebane Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R9
Rooms
Basement
Parking
2
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Directions
Take Alamance Rd to S. Mebane St. TR to N. Mebane St. # 805 A & B
Standard status
Active
Size
1,289 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1256
Building Details
Year built
1910
Number of units
2
Architectural style
Other
Listing Agency:
Your Friendly Real Estate Company
(336) 908-6922
Listed By:
Shelia M Siler
(336) 691-1543
Added: Aug 4
Changed: Sep 1
Last Checked: Sep 25 at 12:06PM
MLS# 1230120
Copyright © 2026 Triad Multiple Listing Service. 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 1,289 square feet with a one-bedroom, one-bath layout on each side. Both units are currently vacant and include a range and refrigerator. Exterior improvements include fresh vinyl siding and front porches. One unit has central heat and air through a gas pack, while the other is equipped with a wall furnace and two new window air conditioners scheduled for installation before closing.
Built in 1910, the property sits on a 0.23-acre lot at 805 N Mebane Street in Burlington, North Carolina. R9 zoning applies, and the property also includes a basement. The two-unit configuration and separate one-bedroom layouts provide a straightforward residential income property format.
Built in 1910, the property sits on a 0.23-acre lot at 805 N Mebane Street in Burlington, North Carolina. R9 zoning applies, and the property also includes a basement. The two-unit configuration and separate one-bedroom layouts provide a straightforward residential income property format.
Key Highlights
- Two‑unit duplex with 1,289 square feet
- Each side has 1 bedroom and 1 bath
- Both units are vacant and include a range and refrigerator
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
$11,642
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
4.58%
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%
$232,840
$232.8K
Cap Rate 7%
$166,314
$166.3K
Cap Rate 9%
$129,356
$129.4K
Market Conditions
NOI Build-Up for 1,289 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
$17.8K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$16.6K $12.90/SF
− OpEx
−$5.0K −$3.87/SF
NOI
$11.6K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /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%
$232,840
Cap Rate 7%
$166,314
Cap Rate 9%
$129,356
Alternative Uses
Best Use
Multifamily LT 5
$166.3K
$145.5K – $194.0K
NOI $11,642 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$146.2K
$128.0K – $170.6K
NOI $10,236 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$425.0K
$371.9K – $495.8K
NOI $29,749 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 27217, NC
39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant one-bedroom units include ranges and refrigerators.
Where is this duplex located?
The property is located at 805 N Mebane Street Burlington, NC.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,289 square feet; Each side has 1 bedroom and 1 bath; Both units are vacant and include a range and refrigerator
