8-Unit Duplex
New
For Sale
$1,550,000
1126 Norris Road, Clayton, NC 27520
Residential Income, Clayton, NC
Property Size7,264 SF
Lot Size5.36 Acres
Price / SF$213.38
Days on Market1
Property Features for 1126 Norris Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RAG
Bedrooms
16
Bathrooms
16
Full bathrooms
16
Rooms
Bathroom 6, Bedroom 14, Bedroom 11, Bedroom 15, Bedroom 7, Bedroom 10, Bedroom 6, Bathroom 15, Bedroom 8, Bathroom 8, Bathroom 16, Bathroom 12, Bathroom 14, Laundry Room, Bathroom 4, Bedroom 2, Bedroom 13, Bathroom 5, Bathroom 3, Bedroom 4, Bathroom 9, Bedroom 12, Bedroom 1, Bathroom 11, Bathroom 2, Bedroom 9, Bathroom 13, Bedroom 16, Bedroom 3, Bathroom 1, Bathroom 10, Bathroom 7, Bedroom 5
Parking features
Paved or Surfaced, Parking Lot, Driveway
Patio and Porch features
Porch, Deck, Patio
Interior features
Smooth Ceilings
Appliances
Dishwasher, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Washer/Dryer
Subdivision
Not in a Subdivision
Standard status
Active
APN
05G04026P
Size
7,264 SF
Lot size
5.36 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 2 78/87
Tax Annual Amount
7577
Legal Description
Lot 2 78/87
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
private laundry room with washer and dryer
outbuilding for storage
Building Details
Year built
2012
Floors in Building
2
Number of units
8
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Outbuilding
Buildings
4
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Aaron Chaney
(910) 742-2179
Added: Nov 2
Last Checked: Nov 2 at 3:06PM
MLS# 10201273
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.
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Investment Insights
Based on property information with market context.
Four duplex buildings contain eight leased residences across 7,264 square feet. Each unit has two bedrooms, two bathrooms, a private laundry room with washer and dryer, and outdoor space at both the front and rear. Kitchens include a stove, microwave, dishwasher, and refrigerator; seven units have been updated. The property also includes a storage outbuilding and paved parking. Built in 2012, the buildings have vinyl siding, central air, and heat pumps.
The property encompasses 5.36 acres in Clayton, North Carolina, and is zoned RAG. Public water serves the site, with septic system service. The sale includes four duplex properties on Norris Road; a separate private residence on an excluded lot is not part of the transaction.
The property encompasses 5.36 acres in Clayton, North Carolina, and is zoned RAG. Public water serves the site, with septic system service. The sale includes four duplex properties on Norris Road; a separate private residence on an excluded lot is not part of the transaction.
Key Highlights
- Four duplex buildings with 8 leased units across 7,264 square feet
- 5.36 acres; RAG zoning
- Each unit has 2 bedrooms, 2 bathrooms, private laundry, and front and rear outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,881
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,620
$1.3M
Cap Rate 7%
$912,586
$912.6K
Cap Rate 9%
$709,789
$709.8K
Market Conditions
NOI Build-Up for 7,264 SF
Gross rent
$122.9K $16.92/SF
− Vacancy
−$6.8K −$0.93/SF
EGI
$116.1K $15.99/SF
− OpEx
−$52.3K −$7.20/SF
NOI
$63.9K $8.79/SF
Area
Johnston County, NC
Vacancy
5.50%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,620
Cap Rate 7%
$912,586
Cap Rate 9%
$709,789
Alternative Uses
Best Use
Apartment 5plus
$912.6K
$798.5K – $1.06M
NOI $63,881 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,827 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 27520, NC
46,478
Population
18,540
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
70.8 sq mi
ZIP Area
656
Density / Sq Mi
$84,545
Median Household Income
$45,147
Median Earnings
$1,430
Median Rent
$282,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four fully leased duplex buildings offer individual power meters and outdoor areas for each residence.
Where is this multifamily property located?
The property is located at 1126 Norris Road Clayton, NC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four duplex buildings with 8 leased units across 7,264 square feet; 5.36 acres; RAG zoning; Each unit has 2 bedrooms, 2 bathrooms, private laundry, and front and rear outdoor space
