Corner Lot Duplex with Central
100 Madrid Court, Garner, NC 27529
New
MULTI_FAMILY - Garner, NC
Property size:
2,388 SFLot size:
0.29 AcresPrice / SF:
$175/SF- Added:
- Jun 5, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 5 at 4:06 pm
Property Features for 100 Madrid Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-A
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 21, Bathroom 13, Bathroom 7, Bathroom 25, Bedroom 2, Bathroom 30, Bathroom 3, Bathroom 5, Bathroom 20, Bathroom 10, Bathroom 12, Bathroom 2, Bathroom 11, Bathroom 26, Bathroom 1, Bathroom 14, Bedroom 6, Bedroom 4, Bathroom 15, Bathroom 22, Bathroom 23, Bathroom 17, Bathroom 27, Bathroom 9, Bathroom 19, Bathroom 18, Bathroom 29, Bedroom 3, Bedroom 5, Bathroom 28, Bathroom 24, Bedroom 1, Bathroom 8, Bathroom 6, Bathroom 4, Bathroom 16
- Parking features
- Driveway
- Interior features
- Laminate Counters
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Range, Range Hood, Refrigerator
- Standard status
- Active
- APN
- 171014340814000 0097391
- Size
- 2,388 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lo2 Heather Hill Villas Rev Ph1
- Tax Annual Amount
- 3585
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Laminate
- Building materials
- Brick, Frame, Vertical Siding
- Roof type
- Shingle
Listing agent CC Bennett (919) 924-5555
Listing office CHK Realty 5975 Cavanaugh Dr., Cary, NC (919) 345-6370
Listing date Jun 5, 2026
MLS# 10172157
Listing URL
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.
HighLights
- Fully rented duplex on a corner lot with established tenants; no HOA monthly fees.
- 0.29‑acre fenced lot with each side having a functional layout and equipped kitchen appliances (refrigerator, range, dishwasher).
- Central HVAC and central air; roof replacement in 2020 and HVAC reportedly about 5 years old.
- Washer/dryer hookups included for each unit; tenants pay separate utilities (water, sewer, and electric).
- 1st‑floor LPV flooring in both units; laminate counters and rain gutters.
- Convenient Garner location off Timber Dr and Aversboro Rd, with nearby Lowes Foods and ALDI (<0.5 mile walk) and access to US‑70 and I‑40.
Overview
100 Madrid Court is a fully occupied duplex designed as a true two-family, low-maintenance rental. The property includes functional layouts on both sides with comfortable living spaces, fully equipped kitchens featuring a refrigerator, range, and dishwasher, and central air. Each unit also has dedicated washer/dryer hookups. Interior flooring is listed as LPV throughout the first floor of both units. Updates noted include a roof replacement in 2020 and HVAC systems approximately five years old.
The duplex is situated on a corner lot and is surrounded by a fenced exterior. Tenants are responsible for their own separate utilities, including water, sewer, and electric, and for yard maintenance. The address is just off Timber Drive and Aversboro Road, with everyday essentials including Lowe’s Foods and ALDI located within a short walk. Residents are also minutes from Garner Towne Square dining and retail, and there is direct drive access down Timber Drive to White Oak Crossing.
From a tenant-readiness standpoint, this offering presents a turnkey, occupied configuration with established in-place residents and appliance packages that reduce move-in friction. For investors and owner-operators seeking a duplex with clear operating responsibilities assigned to tenants, the combination of separate utilities, yard maintenance, and recent major exterior and HVAC timing supports day-to-day manageability.
The duplex is situated on a corner lot and is surrounded by a fenced exterior. Tenants are responsible for their own separate utilities, including water, sewer, and electric, and for yard maintenance. The address is just off Timber Drive and Aversboro Road, with everyday essentials including Lowe’s Foods and ALDI located within a short walk. Residents are also minutes from Garner Towne Square dining and retail, and there is direct drive access down Timber Drive to White Oak Crossing.
From a tenant-readiness standpoint, this offering presents a turnkey, occupied configuration with established in-place residents and appliance packages that reduce move-in friction. For investors and owner-operators seeking a duplex with clear operating responsibilities assigned to tenants, the combination of separate utilities, yard maintenance, and recent major exterior and HVAC timing supports day-to-day manageability.
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 | $41.6k | $17.40 |
| − Vacancy | −$2.2k | −$0.90 |
| EGI | $39.4k | $16.50 |
| − OpEx | −$11.8k | −$4.95 |
| NOI | $27.6k | $11.55 |
2,388 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.9K
$344.7K – $459.6K
NOI $27,573 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,445 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$681.8K
$596.6K – $795.5K
NOI $47,728 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.619409
- Latitude
- 35.686073
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully rented duplex on a fenced corner lot with central air, in-unit kitchen appliances, and tenant-paid utilities.
Where is this duplex located?
The property is located at 100 Madrid Court Garner, NC.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Fully rented duplex on a corner lot with established tenants; no HOA monthly fees.; 0.29‑acre fenced lot with each side having a functional layout and equipped kitchen appliances (refrigerator, range, dishwasher).; Central HVAC and central air; roof replacement in 2020 and HVAC reportedly about 5 years old.
