Two-Unit
For Sale
$99,999
1006 Faison Street E, Wilson, NC 27893
Residential Income, Wilson, NC
Property Size1,175 SF
Lot Size0.14 Acres
Price / SF$85.11
Days on Market40
Property Features for 1006 Faison Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GR6
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Chain Link
Subdivision
Fikewood
Elementary school
Vick
Middle school
Darden
High school
Fike
Directions
Ward Blvd to Reid St,, turn right. Left on Faison. Home is on the right.
Standard status
Active
APN
3721-79-6599.000
Size
1,175 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BK D, L 10
Legal Description
BK D, L 10
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Stucco, Wood Frame
Roof type
Shingle
Listing Agency:
Womble Real Estate
(252) 291-1123
Listed By:
Allyson M Moye · License #210074
(252) 230-2641
Added: Sep 23
Changed: Oct 30
Last Checked: Nov 1 at 11:06PM
MLS# 100606186
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.
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Investment Insights
Based on property information with market context.
This 1,175-square-foot duplex, built in 1953, contains two residences, each arranged with one bedroom and one bathroom. The right-hand unit needs kitchen and bathroom fixtures. Interior details include wood and vinyl flooring and ceiling fans. Heating is natural gas, and cooling is central air. The building has stucco and wood-frame construction with a shingle roof.
The property occupies a 0.1377-acre lot and is zoned GR6. Public water serves the site. Additional features include off-street parking, a porch, and chain-link fencing.
The property occupies a 0.1377-acre lot and is zoned GR6. Public water serves the site. Additional features include off-street parking, a porch, and chain-link fencing.
Key Highlights
- Two residences, each with one bedroom and one bathroom
- 1,175 square feet on a 0.1377‑acre lot
- Right‑hand unit requires kitchen and bathroom fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,871
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,420
$177.4K
Cap Rate 7%
$126,729
$126.7K
Cap Rate 9%
$98,567
$98.6K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$17.3K $14.76/SF
− Vacancy
−$1.2K −$1.03/SF
EGI
$16.1K $13.73/SF
− OpEx
−$7.3K −$6.18/SF
NOI
$8.9K $7.55/SF
Area
Wilson County, NC
Vacancy
7.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,420
Cap Rate 7%
$126,729
Cap Rate 9%
$98,567
Alternative Uses
Best Use
Multifamily LT 5
$136.9K
$119.8K – $159.8K
NOI $9,586 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$126.7K
$110.9K – $147.9K
NOI $8,871 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has one bedroom and one bathroom, with off-street parking and porch access.
Where is this duplex located?
The property is located at 1006 Faison Street E Wilson, NC.
What is the asking price?
The asking price for this property is $99,999.
What are key features of this property?
This property features: Two residences, each with one bedroom and one bathroom; 1,175 square feet on a 0.1377‑acre lot; Right‑hand unit requires kitchen and bathroom fixtures
