Renovated Duplex with Shared Outdoor
1222 National Avenue, New Bern, NC 28560
MULTI_FAMILY - New Bern, NC
Property size:
5,030 SFLot size:
0.18 AcresPrice / SF:
$128/SF- Added:
- Oct 14, 2024
- Days on Market:
- 610
- Last Refresh:
- Jun 15 at 5:06 pm
Property Features for 1222 National Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res-2 Family
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Off Street
- Security features
- Security Lighting
- Patio and Porch features
- Porch, Patio
- Interior features
- Vaulted Ceiling(s), High Ceilings, Wash/Dry Connect, Ceiling Fan(s), Pantry, Walk-in Shower, Blinds/Shades, Workshop
- Exterior features
- Mail on Site, Trash on Site
- Appliances
- Vented Exhaust Fan, Gas Oven, Washer, Refrigerator, Ice Maker, Dryer, Dishwasher
- Standard status
- Active
- APN
- 8-005 -128
- Size
- 5,030 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- 1222 NATIONAL
- Tax Annual Amount
- 1178
Utilities
- Utilities
- Water Available
- Heating system
- Zoned, Heat Pump (Heating), Passive Solar, Natural Gas, Forced Air, Solar (Heating)
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Brick, Brick/Stone, Wood Frame
- Roof type
- Metal
- Additional Structures
- Workshop
Listing agent Tracy P Dowling License #230926 (888) 400-2513
Listing office Homecoin.com 600 B St. Suite 300, San Diego, NC (888) 400-2513
Listing date Oct 14, 2024
MLS# 100471151
Listing URL
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.
HighLights
- Historically restored duplex (listed on the historic registry), built in 1920 with renovated interior and upgraded systems.
- Side A offers approx. 2,000 SF with 3 bedrooms, 2 full baths, a parlor, dining room, kitchen, and full‑height basement.
- Side B offers approx. 3,500 SF with a walk‑up 3rd floor, 10‑ft cathedral ceilings, and preparation for an additional bathroom.
- Energy‑efficient upgrades include zoned central air, heat pumps/natural gas forced air, and solar (heating), plus modern gas stoves and dryers.
- Metal roof, public water, and off‑street parking; brick/brick‑stone and wood‑frame construction with tile and wood flooring.
- Shared back garden with large patio, parking pad, finished gardens, and locked storage; deep shared front porch and common vestibule.
Overview
This fully renovated duplex combines updated building systems with restored residential character. Both sides have secure doors and access through a common vestibule. The home features refinished hardwood floors, large operable windows, and 9-foot ceilings, with basements on both sides accessible from inside and outside. Side A includes 3 bedrooms, two full baths, a parlor, dining room, kitchen, and a full-height basement. Side B includes additional living and work-oriented space with a walk-up 3rd floor, 10-foot high cathedral ceilings, and preparation for a bathroom, plus parlor and an eat-in kitchen with a sunroom. Upgrades noted include energy-efficient HVAC with heat pumps, gas stoves and dryers, rewired electrical, and modernized systems designed to support lower maintenance.
The property is a duplex on a 0.18-acre lot in New Bern, North Carolina. It is described as being listed on the historic registry and positioned above the flood plain. Outdoor amenities include a shared back garden with a large patio, finished gardens, locked storage under the shared back porch, and a deep, shaded shared front porch.
For tenants, buyers, or operators, the duplex configuration supports either owner-occupancy with rental income or a two-unit rental setup, with each side having independent, secure access. The layout also offers options for flexible use of interior space, including ground-floor features such as wheelchair-accessible showers with teak gratings and practical storage throughout.
The property is a duplex on a 0.18-acre lot in New Bern, North Carolina. It is described as being listed on the historic registry and positioned above the flood plain. Outdoor amenities include a shared back garden with a large patio, finished gardens, locked storage under the shared back porch, and a deep, shaded shared front porch.
For tenants, buyers, or operators, the duplex configuration supports either owner-occupancy with rental income or a two-unit rental setup, with each side having independent, secure access. The layout also offers options for flexible use of interior space, including ground-floor features such as wheelchair-accessible showers with teak gratings and practical storage throughout.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.4k | $13.80 |
| − Vacancy | −$4.5k | −$0.90 |
| EGI | $64.9k | $12.90 |
| − OpEx | −$19.5k | −$3.87 |
| NOI | $45.4k | $9.03 |
5,030 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$649.0K
$567.9K – $757.2K
NOI $45,431 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$587.1K
$513.7K – $685.0K
NOI $41,097 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,086 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Duplex
Property Investment Company
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.047685
- Latitude
- 35.119183
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated duplex offers separate, secure entries and upgraded systems for flexible owner or rental use.
Where is this duplex located?
The property is located at 1222 National Avenue New Bern, NC.
What is the asking price?
The asking price for this property is $647,500.
What are key features of this property?
This property features: Historically restored duplex (listed on the historic registry), built in 1920 with renovated interior and upgraded systems.; Side A offers approx. 2,000 SF with 3 bedrooms, 2 full baths, a parlor, dining room, kitchen, and full‑height basement.; Side B offers approx. 3,500 SF with a walk‑up 3rd floor, 10‑ft cathedral ceilings, and preparation for an additional bathroom.
