Two-Unit Duplex
114 Ridge Pl Unit A & B, Greenville, NC 27834
For Sale
$175,000
Tenant-occupied duplex on a cul-de-sac lot with separate two-bedroom, one-and-a-half-bath residences.
Property Size1,920 SF
Lot Size0.39 Acres
Price / SF$91.15
Days on Market92
Property Features for 114 Ridge Pl Unit A & B
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Road Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Century 21 The Realty Group
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Source:
Findnorthcarolinaproperties
Added: Aug 10
Changed: Nov 1
Last Checked: Nov 8 at 6:39AM
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 Century 21 The Realty Group
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two residences on one parcel, with each side offering 2 bedrooms and 1.5 bathrooms. Built in 1979, the property sits on approximately 0.39 acres and is configured for continued residential rental use. Both units are currently occupied by tenants.
The property is located at 114 Ridge Pl Unit A & B in Greenville, NC, on a cul-de-sac lot. Shopping, dining, medical facilities, and other Greenville amenities are located nearby, providing convenient access to everyday services.
The property is located at 114 Ridge Pl Unit A & B in Greenville, NC, on a cul-de-sac lot. Shopping, dining, medical facilities, and other Greenville amenities are located nearby, providing convenient access to everyday services.
Key Highlights
- 1,920 SF duplex on approximately 0.39 acres
- Two units on one parcel at 114 Ridge Pl Unit A & B
- Each residence includes 2 bedrooms and 1.5 bathrooms
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
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 - Tenant-occupied duplex on a cul-de-sac lot with separate two-bedroom, one-and-a-half-bath residences.
Where is this duplex located?
The property is located at 114 Ridge Pl Unit A & B 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: 1,920 SF duplex on approximately 0.39 acres; Two units on one parcel at 114 Ridge Pl Unit A & B; Each residence includes 2 bedrooms and 1.5 bathrooms
