Brand New Duplex with 3-Bed
408 S Pine Street Fremont, NC 27830
For Sale
$444,800
Brand-new duplex offers two 3-bedroom, 2.5-bath units with open-concept layouts and new appliances.
Property Size1,901 SF
Price / SF$233.98
Days on Market441
Property Features for 408 S Pine Street
General Information
- Standard status
- Active
- Size
- 1,901 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2024
Listing Agency:
Logos Family Realty LLC
(919) 607-8737
Listed By:
Claudio Acevedo · License #286002
(919) 607-8737
Source:
Exitrealty
Added: May 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:35AM
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 Logos Family Realty LLC
Investment Insights
Based on property information with market context.
Brand new duplex for sale featuring two separate units, each with an open-concept layout. Each unit includes 3 bedrooms and 2.5 bathrooms, with new fridges and flooring finished in LVP or ceramic. The seller indicates no HOA and no subdivision.
The property is located at 408 S Pine Street in Fremont, NC 27830. It is described as minutes to I-795 and Route 42, with additional drive-time references to Wilson, Goldsboro, Kenly, and Clayton provided in the remarks.
The stated price is for the entire duplex; the seller will also consider selling the units individually. Each unit is reported at 1,901 square feet.
The property is located at 408 S Pine Street in Fremont, NC 27830. It is described as minutes to I-795 and Route 42, with additional drive-time references to Wilson, Goldsboro, Kenly, and Clayton provided in the remarks.
The stated price is for the entire duplex; the seller will also consider selling the units individually. Each unit is reported at 1,901 square feet.
Key Highlights
- Brand‑new duplex (2024) with 2 units, each offering 3 bedrooms and 2.5 baths
- Open‑concept layouts; each unit is 1,901 sq ft
- Each unit includes a new fridge
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 | $25.1k | $13.20 |
| − Vacancy | −$1.4k | −$0.73 |
| EGI | $23.7k | $12.47 |
| − OpEx | −$7.1k | −$3.74 |
| NOI | $16.6k | $8.73 |
1,901 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$221.4K
$193.7K – $258.3K
NOI $15,495 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,984 @ 7.0% cap · market cap 24.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new duplex offers two 3-bedroom, 2.5-bath units with open-concept layouts and new appliances.
Where is this duplex located?
The property is located at 408 S Pine Street Fremont, NC.
What is the asking price?
The asking price for this property is $444,800.
What are key features of this property?
This property features: Brand‑new duplex (2024) with 2 units, each offering 3 bedrooms and 2.5 baths; Open‑concept layouts; each unit is 1,901 sq ft; Each unit includes a new fridge
