One-Story
For Sale
$205,000
103 Mosby Circle, Greenville, NC 27834
Residential Income, Greenville, NC
Property Size1,864 SF
Lot Size0.22 Acres
Price / SF$109.98
Days on Market99
Property Features for 103 Mosby Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2
Parking features
Assigned
Patio and Porch features
Porch
Interior features
Wash/Dry Connect
Appliances
Electric Cooktop, Refrigerator, Range, Dishwasher
Subdivision
Shenandoah
Lot features
Cul-De-Sac
Elementary school
Ridgewood Elementary School
Middle school
E B Aycock
High school
South Central (Winterville)
High school district
Pitt County Schools
Directions
Greenville Blvd, pass Cracker Barrel towards Allen Road. Take right on Kristin Drive, left on Mosby Circle.
Standard status
Active
APN
36261
Size
1,864 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Parcel #36261
Tax Annual Amount
1786
Legal Description
Parcel #36261
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Brick Veneer, Wood Frame
Roof type
Shingle
Listing Agency:
Grimes Real Estate Group
(252) 717-1418
Listed By:
Melissia Larson · License #246951
(252) 341-5102
Added: May 16
Changed: Aug 19
Last Checked: Aug 22 at 8:06AM
MLS# 100574723
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.
Investment Insights
Based on property information with market context.
This one-story duplex at 103 Mosby Circle contains 1,864 square feet on a 0.22-acre residentially zoned lot. Built in 1981, the property uses brick veneer and wood-frame construction, with laminate and vinyl flooring throughout. Each unit is supported by electric heat-pump heating and central air conditioning, while assigned parking and a porch provide additional practical features.
The property is located within Greenville city limits and connects to public water service. Interior amenities include washer-dryer connections, electric cooktops, refrigerators, ranges, and dishwashers. The current tenants are on month-to-month arrangements, providing flexible occupancy terms for ownership planning.
The property is located within Greenville city limits and connects to public water service. Interior amenities include washer-dryer connections, electric cooktops, refrigerators, ranges, and dishwashers. The current tenants are on month-to-month arrangements, providing flexible occupancy terms for ownership planning.
Key Highlights
- 1,864‑square‑foot duplex on a 0.22‑acre lot
- Two residential units with month‑to‑month tenants
- Residential zoning within Greenville city limits
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
$12,444
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
6.07%
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%
$248,880
$248.9K
Cap Rate 7%
$177,771
$177.8K
Cap Rate 9%
$138,267
$138.3K
Market Conditions
NOI Build-Up for 1,864 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
$19.0K $10.20/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$17.8K $9.54/SF
− OpEx
−$5.3K −$2.86/SF
NOI
$12.4K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /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%
$248,880
Cap Rate 7%
$177,771
Cap Rate 9%
$138,267
Alternative Uses
Best Use
Multifamily LT 5
$177.8K
$155.6K – $207.4K
NOI $12,444 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,589 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$405.8K
$355.1K – $473.4K
NOI $28,404 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with assigned parking, central air, and washer-dryer connections in Greenville city limits.
Where is this duplex located?
The property is located at 103 Mosby Circle Greenville, NC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,864‑square‑foot duplex on a 0.22‑acre lot; Two residential units with month‑to‑month tenants; Residential zoning within Greenville city limits
