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

    906 Corbett Avenue NE Wilson, NC 27893

    View on Map
    For Sale
    $180,000

    MULTI_FAMILY - Wilson, NC

    Property size:
    1,380 SF
    Lot size:
    0.23 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    91
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 906 Corbett Avenue NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RA8
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
    Patio and Porch features
    Porch
    Interior features
    Master Downstairs
    Standard status
    Active
    APN
    3722-35-1985.000
    Size
    1,380 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    06 CORBETT AVE NE L19 1.00LT
    TaxAnnualAmount
    1331

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

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

    We can help!

    Listing Contact
    James Jones
    James Jones

    Listing agent James Jones License #306407

    Listing office Legacy Builder, LLC 301 S Center St., Goldsboro, NC

    Listing date Dec 31, 2025

    MLS# 100546981 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.

    Overview

    Multifamily Property Near Barton College

    Located in Wilson, North Carolina, this multifamily property at 906 Corbett Ave NE offers investment potential. The property is situated minutes from Barton College, making it suitable for student housing, long-term rentals, or portfolio expansion. The units feature functional layouts, with consistent rental demand due to the property's proximity to the campus, downtown amenities, dining options, and major thoroughfares. This property offers an opportunity for steady cash flow and long-term appreciation in a growing area. The lot size is 0.23 acres, and the property size is 1380 square feet. The zoning is RA8.
    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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.910914
    Latitude
    35.739774

    Nearby Similar for Sale

    • $900,000
      6,137 SF

      Multi-Tenant Office Building For Sale

      Two-story office building with income potential in high-traffic area.
      3713 Nash Street NW, Wilson, NC 27896
      View Details
    • $215,000
      3,000 SF

      Wilson, NC Mixed-Use Opportunity

      Mixed-use property near Wilson stadium with commercial and residential potential.
      900 Douglas St S, Wilson, NC 27893
      View Details
    • $215,000

      Wilson Mixed-Use Development Opportunity

      Industrial warehouse near stadium, ideal for mixed-use development.
      902 Douglas Street S, Wilson, NC 27893
      View Details
    • $225,000
      1,950 SF

      Multifamily Property in Wilson, NC

      Two homes on one lot, ideal for income or multigenerational.
      714 Pender Street S, Wilson, NC 27893
      View Details
    • $420,000
      3,861 SF

      Wilson Fourplex: Investment Opportunity

      Fourplex in Wilson, NC, with remodeling and income potential.
      3323 Christopher Drive NW, Wilson, NC 27896
      View Details
    • $432,000
      2,991 SF

      New Construction Duplex in Wilson

      New construction duplex featuring modern amenities in Wilson, North Carolina.
      3920 Gloucester Drive W, Wilson, NC 27893
      View Details
    • $432,000
      2,991 SF

      New Duplex in Meadowmont

      New construction duplex featuring modern amenities in Wilson, North Carolina.
      3922 Gloucester Drive W, Wilson, NC 27893
      View Details
    • $190,000
      1,632 SF

      Wilson Duplex Investment Opportunity

      Two-bedroom duplex, part of a five-property investment package.
      1702 Birchwood Drive SE, Wilson, NC 27893
      View Details
    • $189,900
      1,001 SF

      Cape Cod Duplex in Wilson

      Two-bedroom, two-bath townhouse with modern amenities and HOA lawn care.
      4606a Rochester Court NW, Wilson, NC 27896
      View Details
    • $5,900,000
      15,940 SF

      Wilson Corner Location For Sale

      Prime corner location with redevelopment potential in Wilson, North Carolina.
      111 Hines W Street, Wilson, NC 27893
      View Details
    • $1,500,000
      5,066 SF

      Commercial Building Near Interstate 95

      Stand-alone commercial building with ample parking near I-95.
      4935 Raleigh Road W Parkway, Wilson, NC 27896
      View Details
    • $190,000
      1,632 SF

      Wilson Duplex Investment Opportunity

      Two-bedroom duplex in Wilson, NC, part of a five-property package.
      1703 Birchwood Drive SE, Wilson, NC 27893
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property near Barton College, ideal for student housing.
    Where is this duplex located?
    The property is located at 906 Corbett Avenue NE Wilson, NC.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Strong investment potential due to location near Barton College.; Ideal for student housing or long‑term rentals.; Consistent rental demand driven by proximity to campus, downtown, and major routes.
    (919) 440-1689
    We can help!
    Listing Contact
    James Jones
    James Jones
    Real Estate License ID: 306407
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!