Duplex with Private Fenced
For Sale
$799,000
804 Vardaman St, Raleigh, NC 27610
Two residences feature open layouts, contemporary kitchens, primary suites, and upstairs bedrooms.
Property Size2,418 SF
Price / SF$330.44
Days on Market52
Property Features for 804 Vardaman St
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
stainless steel appliances
private fenced backyards
Building Details
Year Built
2022
Listing Agency:
Coldwell Banker HPW
Listed By:
Michael Terbet, Ida Terbet
Source:
Rubyhenderson
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 6 at 12:09AM
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 Coldwell Banker HPW
Investment Insights
Based on property information with market context.
This 2,418-square-foot duplex, completed in 2022, contains two separate residences at 804 and 806 Vardaman St. Each unit is arranged across two levels with an open living and kitchen area, a first-floor primary suite with an en suite bathroom, two upstairs bedrooms, and an additional full bath. Interior finishes include stainless steel appliances, white shaker cabinetry, contemporary tile backsplashes, LVP flooring, updated lighting, and finished bathrooms. Both residences also include private fenced rear yards.
The property is in Raleigh, near Downtown Raleigh and the NCSU campus, with access to nearby dining, shopping, entertainment, and major highways. Its two-unit configuration and individual outdoor areas provide a clearly defined residential income property layout.
The property is in Raleigh, near Downtown Raleigh and the NCSU campus, with access to nearby dining, shopping, entertainment, and major highways. Its two-unit configuration and individual outdoor areas provide a clearly defined residential income property layout.
Key Highlights
- 2,418‑square‑foot duplex completed in 2022
- Two residences identified as 804 and 806 Vardaman St
- Each unit includes a first‑floor primary suite and two upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,920
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,400
$558.4K
Cap Rate 7%
$398,857
$398.9K
Cap Rate 9%
$310,222
$310.2K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$42.1K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.9K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$27.9K $11.55/SF
Area
ZIP 27610
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,400
Cap Rate 7%
$398,857
Cap Rate 9%
$310,222
Alternative Uses
Best Use
Multifamily LT 5
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$708.8K
$620.2K – $827.0K
NOI $49,617 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature open layouts, contemporary kitchens, primary suites, and upstairs bedrooms.
Where is this duplex located?
The property is located at 804 Vardaman St Raleigh, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,418‑square‑foot duplex completed in 2022; Two residences identified as 804 and 806 Vardaman St; Each unit includes a first‑floor primary suite and two upstairs bedrooms
