Two-Unit Duplex with New
For Sale
$219,500
1312 E 14th St A & B, Greenville, NC 27858
Each residence offers two bedrooms and one bathroom within a private, natural-setting yard near a neighborhood park.
Property Size1,556 SF
Price / SF$141.07
Days on Market10
Property Features for 1312 E 14th St A & B
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Multi-Family
Building Details
Year Built
1976
Listing Agency:
Aldridge & Southerland
Listed By:
Odom, Kelly & Dellano Team · License #182189
(252) 756-3500
Source:
Ibxcoastalliving
Added: Sep 15
Last Checked: Sep 22 at 11:02PM
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 1976 duplex contains two residences, with each unit offering two bedrooms and one bathroom. The building has a recently installed new roof, and the property includes a natural-setting yard that provides a private outdoor environment.
Located at 1312 E 14th St in Greenville, the duplex is next to a peaceful park and near the Elmhurst, Kingsbrook, and East Haven neighborhoods. E 14th Street serves as a main route connecting the ECU campus with Greenville Blvd, providing access to established parts of the city.
Located at 1312 E 14th St in Greenville, the duplex is next to a peaceful park and near the Elmhurst, Kingsbrook, and East Haven neighborhoods. E 14th Street serves as a main route connecting the ECU campus with Greenville Blvd, providing access to established parts of the city.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom in each unit
- New roof recently installed
- Built in 1976
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
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom within a private, natural-setting yard near a neighborhood 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‑unit duplex with two bedrooms and one bathroom in each unit; New roof recently installed; Built in 1976
