Two-Unit Duplex
114 Ridge Place, Greenville, NC 27834
For Sale
$175,000
Residential Income, Greenville, NC
Property Size1,920 SF
Lot Size0.39 Acres
Price / SF$91.15
Days on Market54
Property Features for 114 Ridge Place
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Subdivision
Elementary school
Middle school
High school
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Century 21 The Realty Group
(252) 355-7800
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Added: Sep 17
Changed: Oct 30
Last Checked: Nov 9 at 7:06AM
MLS# 100604176
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 1,920-square-foot duplex contains two residences, with each unit offering 2 bedrooms and 1.5 bathrooms. The property was built in 1979 and sits on approximately 0.39 acres within an R6 zoning district. Both units are currently rented, providing an established residential income setup on one parcel.
The building features vinyl siding, wood-frame construction, shingle roofing, electric heat, and central air conditioning. Public water serves the property, and off-street parking is available. Its cul-de-sac setting places the duplex near shopping, dining, medical facilities, and other services in Greenville.
The building features vinyl siding, wood-frame construction, shingle roofing, electric heat, and central air conditioning. Public water serves the property, and off-street parking is available. Its cul-de-sac setting places the duplex near shopping, dining, medical facilities, and other services in Greenville.
Key Highlights
- Two‑unit duplex with 1,920 square feet of building area
- Each residence includes 2 bedrooms and 1.5 bathrooms
- Approximately 0.39‑acre cul‑de‑sac parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,818
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,360
$256.4K
Cap Rate 7%
$183,114
$183.1K
Cap Rate 9%
$142,422
$142.4K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$19.6K $10.20/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$18.3K $9.54/SF
− OpEx
−$5.5K −$2.86/SF
NOI
$12.8K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,360
Cap Rate 7%
$183,114
Cap Rate 9%
$142,422
Alternative Uses
Best Use
Multifamily LT 5
$183.1K
$160.2K – $213.6K
NOI $12,818 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$170.5K
$149.2K – $199.0K
NOI $11,937 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 16.72%
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
456
Businesses Nearby
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Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
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 - R6-zoned duplex with two leased residences on a cul-de-sac parcel near shopping, dining, and medical services.
Where is this duplex located?
The property is located at 114 Ridge Place Greenville, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,920 square feet of building area; Each residence includes 2 bedrooms and 1.5 bathrooms; Approximately 0.39‑acre cul‑de‑sac parcel
