One-Story Brick
For Sale
$199,900
105 Mosby Cir Unit A & B, Greenville, NC 27834
Occupied duplex with refreshed interiors and month-to-month tenancy for flexible residential income use.
Property Size1,681 SF
Price / SF$118.92
Days on Market141
Property Features for 105 Mosby Cir Unit A & B
General Information
Standard status
Active
Size
1,681 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$18,000
Multifamily Units
2
Building Details
Year Built
1981
Stories
1
Construction
full-brick
Listing Agency:
Grimes Real Estate Group
Listed By:
Melissia Larson · License #246951
(252) 717-1418
Source:
Coastalrealtyassociates
Added: May 9
Changed: Sep 11
Last Checked: Sep 24 at 10:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimes Real Estate Group
Investment Insights
Based on property information with market context.
This fully occupied, one-story duplex contains 1,681 square feet and was built in 1981. The full-brick property has updated paint and flooring throughout, with each unit configured for residential occupancy. Unit A includes a newer HVAC system, while Unit B has a newer refrigerator and a rear patio door installed in 2026.
Located within Greenville city limits at 105 Mosby Cir, the property is leased to month-to-month tenants. Additional duplexes at 103 Mosby Circle and 204 Kristin Drive are also available for individual or combined purchase, providing options for assembling multiple properties in the same neighborhood.
Located within Greenville city limits at 105 Mosby Cir, the property is leased to month-to-month tenants. Additional duplexes at 103 Mosby Circle and 204 Kristin Drive are also available for individual or combined purchase, providing options for assembling multiple properties in the same neighborhood.
Key Highlights
- 1,681‑square‑foot duplex built in 1981
- Full‑brick, one‑story construction
- Fully occupied with month‑to‑month tenants
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
$11,222
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
5.61%
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%
$224,440
$224.4K
Cap Rate 7%
$160,314
$160.3K
Cap Rate 9%
$124,689
$124.7K
Market Conditions
NOI Build-Up for 1,681 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
$17.1K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$16.0K $9.54/SF
− OpEx
−$4.8K −$2.86/SF
NOI
$11.2K $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%
$224,440
Cap Rate 7%
$160,314
Cap Rate 9%
$124,689
Alternative Uses
Best Use
Multifamily LT 5
$160.3K
$140.3K – $187.0K
NOI $11,222 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$149.3K
$130.6K – $174.2K
NOI $10,451 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$365.9K
$320.2K – $426.9K
NOI $25,615 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied duplex with refreshed interiors and month-to-month tenancy for flexible residential income use.
Where is this duplex located?
The property is located at 105 Mosby Cir Unit A & B Greenville, NC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,681‑square‑foot duplex built in 1981; Full‑brick, one‑story construction; Fully occupied with month‑to‑month tenants
