Duplex with
New
For Sale
$510,000
111-113 Short St, Beaufort, NC 28516
Two separately configured residences include private outdoor decks and fireplaces.
Property Size2,600 SF
Price / SF$196.15
Days on Market2
Property Features for 111-113 Short St
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
fireplace
cathedral ceiling
large kitchen/dining area
back deck
Building Details
Year Built
1986
Listing Agency:
Coldwell Banker Sea Coast Advantage
Listed By:
Emily McAllister
(252) 355-6000
Source:
Emilysellsgreenvillenc
Added: Nov 4
Last Checked: Nov 4 at 2:58PM
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 Sea Coast Advantage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, this 2,600-square-foot duplex has two residences, each with two bedrooms, one-and-a-half bathrooms, a living room with a cathedral ceiling and fireplace, and a kitchen with dining space. Both units also have a garage and a rear deck. The property occupies a corner lot and has no HOA.
One residence recently underwent renovation and is vacant; the other is occupied by a long-term tenant on a month-to-month lease.
One residence recently underwent renovation and is vacant; the other is occupied by a long-term tenant on a month-to-month lease.
Key Highlights
- 2,600 square feet on a corner lot
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Each residence has a garage and rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,462
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,240
$449.2K
Cap Rate 7%
$320,886
$320.9K
Cap Rate 9%
$249,578
$249.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$34.3K $13.20/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$32.1K $12.34/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.5K $8.64/SF
Area
Carteret County, NC
Vacancy
6.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,240
Cap Rate 7%
$320,886
Cap Rate 9%
$249,578
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$300.2K
$262.7K – $350.2K
NOI $21,014 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$780.0K
$682.5K – $910.0K
NOI $54,600 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 28516, NC
11,204
Population
7,183
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
89
Density / Sq Mi
$63,257
Median Household Income
$36,227
Median Earnings
$869
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences include private outdoor decks and fireplaces.
Where is this duplex located?
The property is located at 111-113 Short St Beaufort, NC.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,600 square feet on a corner lot; Two units, each with 2 bedrooms and 1.5 bathrooms; Each residence has a garage and rear deck
