Building Details

Year Built 1980

Buildings 1

Listing Agency: Coldwell Banker HPW

Listed By: Kimberly Oakley · License #268170 Show Phone

Source: Tcrnc

Added: Jul 18 Changed: Oct 3 Last Checked: Oct 7 at 3:06PM

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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 Coldwell Banker HPW

Investment Insights

Based on property information with market context.

This duplex contains 2,610 square feet and is configured as two separate residential units. Unit A has 3 bedrooms, while Unit B has 2 bedrooms. Both sides are occupied by tenants on month-to-month arrangements.

The property is located near I-40, downtown Cary, and shopping. Current occupancy and the differing bedroom configurations provide a defined two-unit residential layout for an owner or operator evaluating a multifamily property.

Key Highlights

• 2,610‑square‑foot duplex with two separate units
• Unit A offers 3 bedrooms; Unit B offers 2 bedrooms
• Both units are currently tenant occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,130

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,600 $602.6K

Cap Rate 7%

$430,429 $430.4K

Cap Rate 9%

$334,778 $334.8K

Market Conditions

NOI Build-Up for 2,610 SF

Gross rent

$45.4K $17.40/SF

− Vacancy

−$2.4K −$0.91/SF

EGI

$43.0K $16.49/SF

− OpEx

−$12.9K −$4.95/SF

NOI

$30.1K $11.54/SF

Area

Cary, NC

Vacancy

5.22%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,600

Cap Rate 7%

$430,429

Cap Rate 9%

$334,778

Alternative Uses

Best Use

Multifamily LT 5

$430.4K

$376.6K – $502.2K (±1% cap)

NOI $30,130 @ 7.0% cap · market cap 5.74%

Second Best

Apartment 5plus

$395.3K

$345.9K – $461.2K (±1% cap)

NOI $27,674 @ 7.0% cap · market cap 5.27%

Theoretical Best

Office A

$730.3K

$639.0K – $852.0K (±1% cap)

NOI $51,120 @ 7.0% cap · market cap 9.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Locksmith Garden Center (Bike/Boat/Book/etc) Store Daycare Center Storage Facility Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,141

Businesses Nearby

Explore this area Business Placement

Demographics for 27513, NC

46,526

Population

21,204

Households

2.2

Avg Household Size

39

Median Age

68%

College-Educated

97%

High-School Grad

16.4 sq mi

ZIP Area

2,837

Density / Sq Mi

$119,458

Median Household Income

$66,584

Median Earnings

$1,491

Median Rent

$468,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Tenant-occupied duplex with a three-bedroom unit and a two-bedroom unit near I-40 and downtown Cary.

Where is this duplex located?

The property is located at 110 Misty Ct Cary, NC.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 2,610‑square‑foot duplex with two separate units; Unit A offers 3 bedrooms; Unit B offers 2 bedrooms; Both units are currently tenant occupied