Duplex with Detached
New
For Sale
$229,500
111 W Summit Avenue, Burlington, NC 27215
Residential, Burlington, NC
Property Size1,736 SF
Lot Size0.18 Acres
Price / SF$132.20
Days on Market1
Property Features for 111 W Summit Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Laundry Room, Bathroom 2
Subdivision
Not in a Subdivision
Elementary school
Alamance Burlington - Grove Park Elementary
Middle school
Alamance Burlington - Turrentine Middle
High school
Alamance Burlington - Walter M Williams High
Standard status
Active
APN
125400
Size
1,736 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
111A 111B W Summit Ave 94-400-12
Tax Annual Amount
1866
Legal Description
111A 111B W Summit Ave 94-400-12
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1936
Floors in Building
1
Flooring type
Linoleum, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Dwight Epperson · License #59496
(336) 260-2189
Added: Oct 10
Last Checked: Oct 10 at 8:06PM
MLS# 10197789
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 1,736-square-foot duplex contains two residences, each arranged with one bedroom, one bathroom, a kitchen, a living room, and a laundry room. The property includes vinyl siding, forced-air heat, central air, and a shingle roof. A rear deck, double carport, detached garage, and front driveway parking serve the property.
Set on a 0.18-acre lot in Burlington, the property was built in 1936. Public water and public sewer are connected.
Set on a 0.18-acre lot in Burlington, the property was built in 1936. Public water and public sewer are connected.
Key Highlights
- Two residences, each with 1 bedroom and 1 bathroom
- 1,736 square feet on a 0.18‑acre lot
- Double carport, detached garage, and additional driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,680
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,600
$313.6K
Cap Rate 7%
$224,000
$224.0K
Cap Rate 9%
$174,222
$174.2K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$24.0K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$22.4K $12.90/SF
− OpEx
−$6.7K −$3.87/SF
NOI
$15.7K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,600
Cap Rate 7%
$224,000
Cap Rate 9%
$174,222
Alternative Uses
Best Use
Multifamily LT 5
$224.0K
$196.0K – $261.3K
NOI $15,680 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$196.9K
$172.3K – $229.8K
NOI $13,786 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$572.4K
$500.8K – $667.8K
NOI $40,065 @ 7.0% cap · market cap 17.46%
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
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
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 - Each residence includes a kitchen, living room, bedroom, bathroom, and laundry room, with shared covered and additional parking.
Where is this duplex located?
The property is located at 111 W Summit Avenue Burlington, NC.
What is the asking price?
The asking price for this property is $229,500.
What are key features of this property?
This property features: Two residences, each with 1 bedroom and 1 bathroom; 1,736 square feet on a 0.18‑acre lot; Double carport, detached garage, and additional driveway parking
