Remodeled Duplex with Private
For Sale
$565,000
1109 Timber Drive, Garner, NC 27529
Residential Income, Garner, NC
Property Size2,550 SF
Lot Size0.31 Acres
Price / SF$221.57
Days on Market47
Property Features for 1109 Timber Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF-A
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Dining Room, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Driveway
Patio and Porch features
Deck, Porch
Interior features
Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen/Dining Room Combination, Laminate Counters, Open Floorplan, Pantry, Smart Thermostat, Stone Counters, Walk-In Closet(s), Walk-In Shower
Exterior features
Rain Gutters
Fireplace
1
Appliances
Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Microwave, Oven, Range, Range Hood, Refrigerator
Subdivision
Heather Ridge
View
Forest
Elementary school
Wake - Aversboro Elementary
Middle school
Wake County Schools
High school
Wake County Schools
Special listing conditions
Real Estate Owned
Standard status
Active
APN
171013149500
Size
2,550 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo1 Heather Ridge Sub Seone
Tax Annual Amount
4972
Legal Description
Lo1 Heather Ridge Sub Seone
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Fireplace(s)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
deck
backyard
Building Details
Year built
1995
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Gilliam Residential Realty
Listed By:
Corey Gilliam
(919) 943-1098
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 10 at 7:06PM
MLS# 10188602
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,550 square feet on a 0.31-acre lot, with each unit offering its own deck and access to a full backyard. Unit B has undergone a complete interior renovation, including LVP and carpet flooring, a kitchen with granite countertops and updated cabinetry, modern fixtures, and refreshed bathrooms. Both units feature primary bathrooms with walk-in showers and primary bedrooms with walk-in closets. The crawlspaces have also been encapsulated and updated.
Built in 1995, the property includes vinyl siding, asphalt roofing, forced-air heat, central air, fireplaces, driveway parking, public water, and public sewer. Interior features include open kitchen and dining areas, breakfast bars, pantries, ceiling fans, and smart thermostats. The property is zoned MF-A and located in Garner, Wake County.
Built in 1995, the property includes vinyl siding, asphalt roofing, forced-air heat, central air, fireplaces, driveway parking, public water, and public sewer. Interior features include open kitchen and dining areas, breakfast bars, pantries, ceiling fans, and smart thermostats. The property is zoned MF-A and located in Garner, Wake County.
Key Highlights
- 2,550‑square‑foot duplex on a 0.31‑acre lot
- Unit B completely gutted and remodeled
- Renovated kitchen with granite counters and updated cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,444
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,880
$588.9K
Cap Rate 7%
$420,629
$420.6K
Cap Rate 9%
$327,156
$327.2K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$44.4K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.1K $16.50/SF
− OpEx
−$12.6K −$4.95/SF
NOI
$29.4K $11.55/SF
Area
Wake County, NC
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,880
Cap Rate 7%
$420,629
Cap Rate 9%
$327,156
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.1K – $490.7K
NOI $29,444 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$728.1K
$637.1K – $849.4K
NOI $50,966 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 27529, NC
54,250
Population
22,089
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
940
Density / Sq Mi
$86,426
Median Household Income
$47,686
Median Earnings
$1,379
Median Rent
$325,600
Median Home Value
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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 - Two-unit property with updated interiors, separate decks, full backyard, and MF-A zoning.
Where is this duplex located?
The property is located at 1109 Timber Drive Garner, NC.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,550‑square‑foot duplex on a 0.31‑acre lot; Unit B completely gutted and remodeled; Renovated kitchen with granite counters and updated cabinetry
