Duplex with New
For Sale
$219,500
1312 E 14th St #A & B, Greenville, NC 27858
Two residential units offer a two-bedroom, one-bath layout with access to a shared yard and nearby park.
Property Size1,556 SF
Days on Market9
Property Features for 1312 E 14th St #A & B
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Multi Family Home
Zoning
R9
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,556 SF
Year Built
1976
Buildings
1
Stories
1
Units
2
Listing Agency:
Aldridge & Southerland
(252) 756-3500
Listed By:
Odom, Kelly & Dellano Team · License #182189
(252) 756-3500
Source:
Dunwoodybrokers
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 17 at 11:57PM
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 Aldridge & Southerland
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with two bedrooms and one bathroom. A newly installed roof is a recent capital improvement, while the shared yard provides an outdoor setting with separation between the building and surrounding residences. The property was built in 1976 and carries R9 zoning.
Located on E 14th St, the property is next to a park and near the Elmhurst, Kingsbrook, and East Haven neighborhoods. E 14th St provides a direct connection between the ECU campus and Greenville Blvd., supporting access across Greenville. The address includes units A and B.
Located on E 14th St, the property is next to a park and near the Elmhurst, Kingsbrook, and East Haven neighborhoods. E 14th St provides a direct connection between the ECU campus and Greenville Blvd., supporting access across Greenville. The address includes units A and B.
Key Highlights
- Two‑bedroom, one‑bath layout in each unit
- New roof recently installed
- R9 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,388
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,760
$207.8K
Cap Rate 7%
$148,400
$148.4K
Cap Rate 9%
$115,422
$115.4K
Market Conditions
NOI Build-Up for 1,556 SF
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.
Gross rent
$15.9K $10.20/SF
− Vacancy
−$1.0K −$0.66/SF
EGI
$14.8K $9.54/SF
− OpEx
−$4.5K −$2.86/SF
NOI
$10.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,760
Cap Rate 7%
$148,400
Cap Rate 9%
$115,422
Alternative Uses
Best Use
Multifamily LT 5
$148.4K
$129.9K – $173.1K
NOI $10,388 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$138.2K
$120.9K – $161.2K
NOI $9,674 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$338.7K
$296.4K – $395.2K
NOI $23,710 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a two-bedroom, one-bath layout with access to a shared yard and nearby park.
Where is this duplex located?
The property is located at 1312 E 14th St #A & B Greenville, NC.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Two‑bedroom, one‑bath layout in each unit; New roof recently installed; R9 zoning
