Brick
For Sale
$299,000
200 202 Prevatte Street, Lumberton, NC 28360
Both residences offer three bedrooms and one bathroom in a single-story configuration.
Property Size1,954 SF
Price / SF$153.02
Days on Market106
Property Features for 200 202 Prevatte Street
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1976
Buildings
1
Construction
brick ranch
Listing Agency:
Group Realty
(704) 271-9787
Listed By:
Tama Bouncer · License #133967
(919) 539-7748
Source:
Thorperealtyco
Added: Jul 21
Changed: Nov 2
Last Checked: Nov 2 at 2:33AM
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 Group Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex in Lumberton contains two residences, each with three bedrooms and one bathroom. The property totals 1,954 square feet and was built in 1976. Its roof was replaced in 2024.
The property is near Highway 41, I-74, and I-95, providing access to those regional routes.
The property is near Highway 41, I-74, and I-95, providing access to those regional routes.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 1,954 square feet across the duplex
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,299
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,980
$226.0K
Cap Rate 7%
$161,414
$161.4K
Cap Rate 9%
$125,544
$125.5K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$17.1K $8.76/SF
− Vacancy
−$976 −$0.50/SF
EGI
$16.1K $8.26/SF
− OpEx
−$4.8K −$2.48/SF
NOI
$11.3K $5.78/SF
Area
Robeson County, NC
Vacancy
5.70%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,980
Cap Rate 7%
$161,414
Cap Rate 9%
$125,544
Alternative Uses
Best Use
Multifamily LT 5
$161.4K
$141.2K – $188.3K
NOI $11,299 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$143.7K
$125.8K – $167.7K
NOI $10,062 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$538.6K
$471.3K – $628.4K
NOI $37,704 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 28360, NC
12,043
Population
5,092
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
77%
High-School Grad
72.3 sq mi
ZIP Area
167
Density / Sq Mi
$46,560
Median Household Income
$33,915
Median Earnings
$763
Median Rent
$107,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one bathroom in a single-story configuration.
Where is this duplex located?
The property is located at 200 202 Prevatte Street Lumberton, NC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 1,954 square feet across the duplex; Roof replaced in 2024
