Restored Duplex with Separate
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:
- 637
- Last Refresh:
- Jul 12 at 2:06 am
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 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2
- Parking features
- Off Street
- Security features
- Security Lighting
- Patio and Porch features
- Patio, Porch
- 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
- Heat Pump (Heating), Natural Gas, Solar (Heating), Passive Solar, Zoned, Forced Air
- Cooling system
- Central Air, Zoned
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Wood, Tile
- 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.
Investment Insights
Based on property information with market context.
This historically restored duplex has undergone a complete renovation and includes energy-efficient, modern upgrades throughout. Each side is accessed through a common vestibule and has its own secure door, with original solid wood pocket doors that can be reopened to connect the front hallways if desired. Unit details include side A with 2 full baths, 3 bedrooms off a 6-foot wide hallway, a parlor, dining room, kitchen, and a full-height basement. Side B includes a full walk-up 3rd floor with 10-foot cathedral ceilings, a preparation area for a bathroom, and additional living and workroom space, along with 3 bedrooms and 2 full baths on the 2nd floor, plus a ground-floor parlor, eat-in kitchen with storage, and a sunroom. Improvements noted include upgraded systems, rewired electricity, gas stoves and dryers, modern A/C and heat pumps, refinished hardwood floors, large operable windows, and wheelchair-accessible showers on the ground floor.
Located in New Bern, NC, the duplex is listed on the historic registry and is described as above the flood plain and beyond the 100-year mark. The shared property features include a deep, shaded front porch, a shared back garden with a large patio, finished gardens, locked storage under the shared back porch, and a parking pad.
For buyers and operators, the property’s two independently secured sides support owner-occupancy with rental income, while the home’s layout is also described as suitable for short- or long-term rentals, including AirBnB usage. Zoning is listed as Res-2 Family, and the configuration includes basements on both sides with access from inside and outside.
Located in New Bern, NC, the duplex is listed on the historic registry and is described as above the flood plain and beyond the 100-year mark. The shared property features include a deep, shaded front porch, a shared back garden with a large patio, finished gardens, locked storage under the shared back porch, and a parking pad.
For buyers and operators, the property’s two independently secured sides support owner-occupancy with rental income, while the home’s layout is also described as suitable for short- or long-term rentals, including AirBnB usage. Zoning is listed as Res-2 Family, and the configuration includes basements on both sides with access from inside and outside.
Key Highlights
- Historically restored duplex built in 1920 with metal roof and brick/stone exterior.
- Complete renovation with upgraded, energy‑efficient systems including modern A/C and heat pumps, gas stoves and dryers, and rewired electricity.
- Side A totals about 2,000 SF with 3 bedrooms, 2 full baths, 6‑ft wide hallway, and full‑height basement.
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Duplex
Property Investment Company
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FAQs
What type of property is this?
Duplex - Completely renovated duplex offers two secure units, energy-efficient systems, and shared outdoor space.
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 built in 1920 with metal roof and brick/stone exterior.; Complete renovation with upgraded, energy‑efficient systems including modern A/C and heat pumps, gas stoves and dryers, and rewired electricity.; Side A totals about 2,000 SF with 3 bedrooms, 2 full baths, 6‑ft wide hallway, and full‑height basement.
