108 S Pine Street, Rocky Mount, NC 27804
For Sale
$175,000
Both residences are currently leased, with four bedrooms and two bathrooms across the property.
Property Size1,499 SF
Lot Size0.18 Acres
Price / SF$116.74
Days on Market97
Property Features for 108 S Pine Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Insight Residential Realty LLC
(919) 375-4532
Listed By:
Guido Alejandro Murillo · License #321095
(631) 860-8678
Source:
Thorperealtyco
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 7 at 10:05AM
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 Insight Residential Realty LLC
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Investment Insights
Based on property information with market context.
This Rocky Mount duplex contains two residences with a combined total of four bedrooms and two bathrooms. The property was built in 1950 and sits on an approximately 7,884-square-foot lot. Both units are rented, and the property is identified as units 108 and 112 on S Pine Street.
Key Highlights
- Two‑unit duplex with four bedrooms and two bathrooms combined
- Both units are currently rented
- Approximately 7,884‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,928
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,560
$298.6K
Cap Rate 7%
$213,257
$213.3K
Cap Rate 9%
$165,867
$165.9K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$22.8K $15.24/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$21.3K $14.23/SF
− OpEx
−$6.4K −$4.27/SF
NOI
$14.9K $9.96/SF
Area
Nash County, NC
Vacancy
6.65%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,560
Cap Rate 7%
$213,257
Cap Rate 9%
$165,867
Alternative Uses
Best Use
Multifamily LT 5
$213.3K
$186.6K – $248.8K
NOI $14,928 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,249 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 27804, NC
28,707
Population
14,352
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
89%
High-School Grad
43.0 sq mi
ZIP Area
668
Density / Sq Mi
$58,837
Median Household Income
$36,445
Median Earnings
$977
Median Rent
$177,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently leased, with four bedrooms and two bathrooms across the property.
Where is this duplex located?
The property is located at 108 S Pine Street Rocky Mount, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with four bedrooms and two bathrooms combined; Both units are currently rented; Approximately 7,884‑square‑foot lot
