Two-Unit Duplex with
For Sale
$510,000
111-113 Short Street, Beaufort, NC 28516
Residential Income, Beaufort, NC
Property Size2,600 SF
Lot Size0.32 Acres
Price / SF$196.15
Days on Market184
Property Features for 111-113 Short Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 4
Parking
1
Parking features
Off Street, Garage
Patio and Porch features
Deck
Interior features
Vaulted Ceiling(s), High Ceilings, Ceiling Fan(s), Eat-in Kitchen
Exterior features
Mail on Site, Trash on Site, Storm Doors
Fireplace
1
Appliances
Electric Oven, Refrigerator, Dishwasher
Subdivision
Not In Subdivision
Lot features
Corner Lot
Elementary school
Beaufort
Middle school
Beaufort
High school
East Carteret
High school district
Carteret County Public Schools
Directions
Drive East on Live Oak Street and make first right past McDonalds. Last property (corner lot)on left at the end. 111-113 Short Street
Standard status
Active
APN
730616834366000
Size
2,600 SF
Lot size
0.32 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
L1 BA EAST GATE
Legal Description
L1 BA EAST GATE
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Heat Pump, Ceiling Fan(s)
Amenities
cathedral ceiling
fireplace
garage
back deck
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Lvt/lvp, Carpet
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Buildings
1
Listing Agency:
Coldwell Banker Sea Coast AB
(252) 247-7600
Listed By:
Marlene Dixon Blake · License #299768
(252) 245-6788
Added: May 6
Changed: Nov 3
Last Checked: Nov 5 at 4:06AM
MLS# 100572044
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.
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Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex on a 0.324-acre corner parcel contains two residences, each with two bedrooms, one and a half bathrooms, a living room with a vaulted ceiling and fireplace, and a kitchen-dining area. Each unit also has a garage and a rear deck. The property was built in 1986 and has central air conditioning and heat pumps.
One residence has recently undergone renovation and is vacant. The other is occupied under a month-to-month lease. The property is in Beaufort, near shopping and restaurants, and has no HOA.
One residence has recently undergone renovation and is vacant. The other is occupied under a month-to-month lease. The property is in Beaufort, near shopping and restaurants, and has no HOA.
Key Highlights
- Two residences, each with 2 bedrooms and 1 1/2 bathrooms
- 2,600‑square‑foot duplex on a 0.324‑acre corner lot
- Each unit includes a garage, rear deck, vaulted living room ceiling, and fireplace
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
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, private outdoor decks, and a garage.
Where is this duplex located?
The property is located at 111-113 Short Street 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: Two residences, each with 2 bedrooms and 1 1/2 bathrooms; 2,600‑square‑foot duplex on a 0.324‑acre corner lot; Each unit includes a garage, rear deck, vaulted living room ceiling, and fireplace
