Four-Unit Multifamily
104 Ridge Place, Greenville, NC 27834
For Sale
$200,000
Pending
Residential Income, Greenville, NC
Property Size2,220 SF
Lot Size0.46 Acres
Days on Market54
Property Features for 104 Ridge Place
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Subdivision
Elementary school
Middle school
High school
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Century 21 The Realty Group
(252) 355-7800
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Added: Sep 17
Changed: Oct 30
Last Checked: Nov 9 at 9:06AM
MLS# 100604179
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 2,220-square-foot multifamily property contains four one-bedroom, one-bathroom apartments, arranged with two units on each floor. Two apartments are occupied and two are available for leasing. The 1978 wood-frame building has vinyl siding, central air, electric heat, a shingle roof, and a porch, with off-street parking.
The property occupies a 0.46-acre parcel and is zoned R6. Public water serves the site.
The property occupies a 0.46-acre parcel and is zoned R6. Public water serves the site.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments
- 2,220 square feet on a 0.46‑acre parcel
- Two units are occupied; two are available for leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,820
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,400
$296.4K
Cap Rate 7%
$211,714
$211.7K
Cap Rate 9%
$164,667
$164.7K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$22.6K $10.20/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$21.2K $9.54/SF
− OpEx
−$6.4K −$2.86/SF
NOI
$14.8K $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 Rate 5%
$296,400
Cap Rate 7%
$211,714
Cap Rate 9%
$164,667
Alternative Uses
Best Use
Multifamily LT 5
$211.7K
$185.3K – $247.0K
NOI $14,820 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$197.2K
$172.5K – $230.0K
NOI $13,802 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$483.3K
$422.9K – $563.8K
NOI $33,829 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two apartments are occupied, while the other two are available for leasing.
Where is this quadplex located?
The property is located at 104 Ridge Place Greenville, NC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; 2,220 square feet on a 0.46‑acre parcel; Two units are occupied; two are available for leasing
