Two-Unit Duplex with Covered
New
For Sale
$369,500
111 Sandy Dr, Jacksonville, NC 28546
Each residence has two bedrooms, two bathrooms, and separate utility metering.
Property Size1,900 SF
Price / SF$194.47
Days on Market3
Property Features for 111 Sandy Dr
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Amenities
covered porches
yard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Coldwell Banker Sea Coast Advantage - Washington
Listed By:
Emily McAllister
(252) 355-6000
Source:
Emilysellsgreenvillenc
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 5:51AM
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 - Washington
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Investment Insights
Based on property information with market context.
This newly built duplex contains two separately metered residences, each configured with two bedrooms and two bathrooms. The 1,900-square-foot property also features covered porch space and a yard.
Local schools and commercial centers are nearby, providing access to everyday services and amenities.
Local schools and commercial centers are nearby, providing access to everyday services and amenities.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Separate utility meters for each unit
- 1,900 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,002
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,040
$380.0K
Cap Rate 7%
$271,457
$271.5K
Cap Rate 9%
$211,133
$211.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$28.5K $15.00/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$27.1K $14.29/SF
− OpEx
−$8.1K −$4.29/SF
NOI
$19.0K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,040
Cap Rate 7%
$271,457
Cap Rate 9%
$211,133
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.5K – $316.7K
NOI $19,002 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$246.8K
$215.9K – $287.9K
NOI $17,274 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
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Business Placement
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
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 - Each residence has two bedrooms, two bathrooms, and separate utility metering.
Where is this duplex located?
The property is located at 111 Sandy Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $369,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Separate utility meters for each unit; 1,900 square feet
