106 N 9th Street, Morehead City, NC 28557
MULTI_FAMILY - Morehead City, NC
- Added:
- Jan 29, 2026
- Days on Market:
- 144
- Last Refresh:
- Jun 22 at 5:06 am
Property Features for 106 N 9th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- OP
- Parking features
- Off Street
- Standard status
- Active
- APN
- 638619618640000
- Size
- 3,644 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- N 1/2 L8 10 , Bl 12, Morehead City PIN # 638619618664000 Deed Bk 1778 Pg 302
- Tax Annual Amount
- 2564
Utilities
- Utilities
- Natural Gas Available
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 5
- Building materials
- Wood Siding, Wood Frame
- Roof type
- Shingle
Listing agent Alan T Leary License #125734 (252) 241-0922
Listing office RE/MAX Ocean Properties 3326 Bridges St., Morehead City, NC (252) 222-3222
Listing date Jan 29, 2026
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.
HighLights
- Income‑producing property featuring five separate units, each with private entrances, bedrooms, and baths.
- Prime Morehead City location, a short walk/bike/golf cart ride to the waterfront, Big Rock Landing, and downtown amenities.
- Established rental history with long‑term management in place.
- Over 3600 sq ft of total space.
- All city services are connected.
- Property is zoned ''OP'' offering possible uses (consult Town of Morehead City).
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $15.60 |
| − Vacancy | −$3.3k | −$0.90 |
| EGI | $53.5k | $14.70 |
| − OpEx | −$24.1k | −$6.61 |
| NOI | $29.5k | $8.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Morehead City
- County
- Carteret
- State
- North Carolina
- Longitude
- -76.713718
- Latitude
- 34.722029
