Duplex Property with Covered
For Sale
$534,000
104 Cressida Wds Drive, Holly Springs, NC 27540
Residential, Holly Springs, NC
Property Size2,473 SF
Lot Size0.10 Acres
Price / SF$215.93
Days on Market51
Property Features for 104 Cressida Wds Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NR
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Laundry Room, Bedroom 3, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Dining Room
Parking
4
Parking features
Open, Garage, Driveway
Vegetation
Grassed
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Pantry, Recessed Lighting, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
Exterior features
Rain Gutters, Storage
Appliances
Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Oven, Range Hood, Vented Exhaust Fan, Washer, Water Heater
Subdivision
Honeycutt Farm
Lot features
Cul-De-Sac
Elementary school
Wake County Schools
Middle school
Wake County Schools
High school
Wake County Schools
Standard status
Active
APN
0647692035 0488964
Size
2,473 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo571 Honeycutt Farm Sub Ph10 Bm2021-01649
Tax Annual Amount
4331
HOA Fee
$90 Monthly
Legal Description
Lo571 Honeycutt Farm Sub Ph10 Bm2021-01649
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Electric, Central Air, Ceiling Fan(s), Zoned
Water source
Public
Amenities
resort-style pool
clubhouse
green spaces
covered back patio
outdoor storage rooms
Building Details
Year built
2022
Floors in Building
2
Flooring type
Laminate, Vinyl, Carpet, Tile
Building materials
Concrete
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CHK Realty
(919) 345-6370
Listed By:
Amy Wei
(984) 292-7321
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 18 at 7:06PM
MLS# 10183433
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.
This 2,473-square-foot duplex property was built in 2022 on a 0.1-acre lot and includes a range of updated interior and exterior features. The kitchen has granite counters, a gas cooktop, vented hood, island, pantry, and eat-in dining area. The floor plan includes four bedrooms, three bathrooms, an open loft, a laundry room with utility sink, walk-in closets, and a covered patio with exterior storage rooms. Tile, carpet, vinyl, and laminate flooring are installed throughout the property.
The property is located at 104 Cressida Wds Drive in Holly Springs, Wake County, with public water and public sewer service. Additional features include central air, zoned cooling, ceiling fans, driveway parking, an open parking area, a garage, rain gutters, a shingle roof, and cable availability. The property carries NR zoning.
The property is located at 104 Cressida Wds Drive in Holly Springs, Wake County, with public water and public sewer service. Additional features include central air, zoned cooling, ceiling fans, driveway parking, an open parking area, a garage, rain gutters, a shingle roof, and cable availability. The property carries NR zoning.
Key Highlights
- 2,473‑square‑foot duplex property on a 0.1‑acre lot
- Built in 2022 with granite kitchen counters and a gas cooktop
- Four bedrooms, three bathrooms, and an open loft
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
$28,555
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
5.35%
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%
$571,100
$571.1K
Cap Rate 7%
$407,929
$407.9K
Cap Rate 9%
$317,278
$317.3K
Market Conditions
NOI Build-Up for 2,473 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
$43.0K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.8K $16.50/SF
− OpEx
−$12.2K −$4.95/SF
NOI
$28.6K $11.55/SF
Area
Wake County, NC
Vacancy
5.20%
Lease Rate
$17.40 /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%
$571,100
Cap Rate 7%
$407,929
Cap Rate 9%
$317,278
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,555 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,315 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$706.1K
$617.8K – $823.8K
NOI $49,427 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 27540, NC
44,302
Population
16,400
Households
2.7
Avg Household Size
35
Median Age
65%
College-Educated
95%
High-School Grad
48.0 sq mi
ZIP Area
923
Density / Sq Mi
$125,681
Median Household Income
$69,266
Median Earnings
$1,718
Median Rent
$474,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2022 construction offers granite kitchen finishes, a covered patio, storage rooms, and public water and sewer.
Where is this duplex located?
The property is located at 104 Cressida Wds Drive Holly Springs, NC.
What is the asking price?
The asking price for this property is $534,000.
What are key features of this property?
This property features: 2,473‑square‑foot duplex property on a 0.1‑acre lot; Built in 2022 with granite kitchen counters and a gas cooktop; Four bedrooms, three bathrooms, and an open loft
