Versatile Duplex with Studio
1400 Chestnut Street Greenville, NC 27834
For Sale
Under Contract
$185,500
MULTI_FAMILY - Greenville, NC
Property Size2,371 SF
Lot Size0.15 Acres
Price / SF$78.24
Days on Market112
Property Features for 1400 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Parking features
Off Street
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
2nd Kitchen, Apt/Suite, Pantry
Exterior features
Storm Doors, Thermal Doors
Standard status
Active Under Contract
APN
011484
Size
2,371 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1400 CHESTNUT STREET IN GREENVILLE, NC 27834/TWO SEPARATE APARTMENTS
Tax Annual Amount
1467
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1908
Floors in Building
2
Number of units
2
Flooring type
Parquet Wood, Wood, Vinyl
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Select Premium Properties Inc.
(910) 518-9280
Listed By:
Stephanie Smith · License #233506
(910) 518-9280
Added: Apr 10
Changed: Jul 24
Last Checked: Jul 30 at 6:06AM
MLS# 100566409
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex presents an opportunity for a buyer or investor. Each unit has a separate entrance and is individually metered for water, electric, and gas. The property includes another building that was previously rented as a studio apartment and is also separately metered for water and electric. This additional space can now serve as storage, a private work studio, or an office. The property features a spacious yard suitable for entertaining and a wraparound porch that was renovated in 2022. The property is located minutes from the local hospital, schools, shopping, grocery stores, East Carolina University, and the downtown entertainment district, which is a 10-minute walk away. The property is being sold in ''as is'' condition. The lot size is 0.15 acres and the property size is 2371 square feet. The zoning is R6.
Key Highlights
- Duplex with separate entrances and fully separately metered utilities (water, electric, and gas) for each unit
- Additional building on the property was previously rented as a studio apartment and is separately metered with water and electric
- Wraparound porch renovated in 2022
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 | $24.2k | $10.20 |
| − Vacancy | −$1.6k | −$0.66 |
| EGI | $22.6k | $9.54 |
| − OpEx | −$6.8k | −$2.86 |
| NOI | $15.8k | $6.68 |
2,371 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,741 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate studio, ideal for owner-occupant or investor.
Where is this duplex located?
The property is located at 1400 Chestnut Street Greenville, NC.
What is the asking price?
The asking price for this property is $185,500.
What are key features of this property?
This property features: Duplex with separate entrances and fully separately metered utilities (water, electric, and gas) for each unit; Additional building on the property was previously rented as a studio apartment and is separately metered with water and electric; Wraparound porch renovated in 2022
