Full-Brick Two-Story
For Sale
$212,500
204 Kristin Drive A/B, Greenville, NC 27834
Fully occupied income property with month-to-month tenancy and recent interior and exterior updates.
Property Size1,990 SF
Price / SF$106.78
Days on Market56
Property Features for 204 Kristin Drive A/B
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$18,000
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Stories
2
Construction
full-brick
Tenancy
Multi
Listing Agency:
Grimes Real Estate Group
Listed By:
Melissia Larson · License #246951
(252) 717-1418
Source:
Bradberrygarnerrealestate
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 6 at 12:57AM
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 Grimes Real Estate Group
Investment Insights
Based on property information with market context.
This 1,990-square-foot duplex was built in 1981 and features full-brick construction across two stories. The property is fully occupied with month-to-month tenants, providing an existing rental arrangement. Interior updates include LVP flooring on the lower level, carpet on the upper level, and refreshed paint colors.
Additional improvements include a 2021 roof and a stove from 2024/2025. The duplex is within Greenville city limits and has been maintained by a local owner. Other duplexes at 103 A/B and 105 A/B Mosby Circle are also available for individual or combined purchase.
Additional improvements include a 2021 roof and a stove from 2024/2025. The duplex is within Greenville city limits and has been maintained by a local owner. Other duplexes at 103 A/B and 105 A/B Mosby Circle are also available for individual or combined purchase.
Key Highlights
- 1,990 SF full‑brick duplex with two‑story construction
- Fully occupied with month‑to‑month tenants
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,285
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,700
$265.7K
Cap Rate 7%
$189,786
$189.8K
Cap Rate 9%
$147,611
$147.6K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$20.3K $10.20/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$19.0K $9.54/SF
− OpEx
−$5.7K −$2.86/SF
NOI
$13.3K $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 Rate 5%
$265,700
Cap Rate 7%
$189,786
Cap Rate 9%
$147,611
Alternative Uses
Best Use
Multifamily LT 5
$189.8K
$166.1K – $221.4K
NOI $13,285 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$176.7K
$154.7K – $206.2K
NOI $12,372 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied income property with month-to-month tenancy and recent interior and exterior updates.
Where is this duplex located?
The property is located at 204 Kristin Drive A/B Greenville, NC.
What is the asking price?
The asking price for this property is $212,500.
What are key features of this property?
This property features: 1,990 SF full‑brick duplex with two‑story construction; Fully occupied with month‑to‑month tenants; Built in 1981
