Duplex with Updated Vacant
For Sale
$475,000
841 Barringer Drive, Raleigh, NC 27606
Residential, Raleigh, NC
Property Size1,641 SF
Lot Size0.35 Acres
Price / SF$289.46
Days on Market72
Property Features for 841 Barringer Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Driveway, Open
Subdivision
Fairview Hills
Elementary school
Wake - Adams Elementary
Middle school
Wake - Lufkin Road Middle
High school
Wake - Athens Drive High
Standard status
Active
APN
078305271796000 0119714
Size
1,641 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo3 Fairview Hills Sub Bm1981-566
Tax Annual Amount
2966
Legal Description
Lo3 Fairview Hills Sub Bm1981-566
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
patio
in-unit washer/dryer
driveway parking
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
George Wilson · License #223959
(919) 439-0965
Added: Jul 27
Changed: Sep 30
Last Checked: Oct 6 at 3:06PM
MLS# 10182665
Copyright © 2026 Doorify 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.
Built in 1982, this ranch-style duplex contains 1,641 square feet across two mirror-image residences. Each unit offers two bedrooms, one full bathroom, a living room, dining area, kitchen, and laundry closet with a washer and dryer. Unit 1 is vacant and has been refreshed with new luxury vinyl plank flooring and fresh paint. Unit 2 is occupied under a lease extending through May 31, 2027.
The property occupies 0.35 acres at 841 Barringer Drive in Raleigh, near Jones Franklin Road and I-440. A naturally wooded yard, backyard patios, and open driveway parking serve the two-unit layout. Public water and public sewer support the property, which is zoned R-6.
The property occupies 0.35 acres at 841 Barringer Drive in Raleigh, near Jones Franklin Road and I-440. A naturally wooded yard, backyard patios, and open driveway parking serve the two-unit layout. Public water and public sewer support the property, which is zoned R-6.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per residence
- 1,641 square feet on a 0.35‑acre lot
- Unit 1 is vacant with fresh paint and new luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,754
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,080
$375.1K
Cap Rate 7%
$267,914
$267.9K
Cap Rate 9%
$208,378
$208.4K
Market Conditions
NOI Build-Up for 1,641 SF
Gross rent
$28.6K $17.40/SF
− Vacancy
−$1.8K −$1.07/SF
EGI
$26.8K $16.33/SF
− OpEx
−$8.0K −$4.90/SF
NOI
$18.8K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,080
Cap Rate 7%
$267,914
Cap Rate 9%
$208,378
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,709 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
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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 - Ranch-style duplex with matching two-bedroom layouts, private backyard patios, and driveway parking in a wooded setting.
Where is this duplex located?
The property is located at 841 Barringer Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per residence; 1,641 square feet on a 0.35‑acre lot; Unit 1 is vacant with fresh paint and new luxury vinyl plank flooring
