Four-Bedroom
New
For Sale
$514,000
201a N Sellers St, Selma, NC 27576
Two-unit residential property with four bedrooms and 2.5 baths on each side.
Property Size3,005 SF
Price / SF$171.05
Days on Market3
Property Features for 201a N Sellers St
General Information
Standard status
Active
Size
3,005 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Additional Details
Furnished
No
Building Details
Year Built
2024
Buildings
1
Listed By:
Hope Tyler Home Team
(919) 332-5447
Source:
Hopetylerhometeam
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 4:39PM
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 Hope Tyler Home Team
Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two residential units within one building and offers approximately 3,005 square feet. Each side includes four bedrooms and 2.5 baths, creating a substantial unit configuration for residential income use. The property is identified as tenant-occupied, while current rental status is subject to confirmation with the listing agent.
The duplex is located at 201a N Sellers St in Selma, North Carolina. The same seller has seven duplexes available on N Sellers St and Waddell, with the portfolio marketed for a potential package sale while individual acquisitions are also being considered. Each building is offered separately and consists of two units.
The duplex is located at 201a N Sellers St in Selma, North Carolina. The same seller has seven duplexes available on N Sellers St and Waddell, with the portfolio marketed for a potential package sale while individual acquisitions are also being considered. Each building is offered separately and consists of two units.
Key Highlights
- 2024‑built duplex at 201a N Sellers St, Selma, NC 27576
- 3,005 square feet within one two‑unit building
- Each unit has 4 bedrooms and 2.5 baths
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
$30,623
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
5.96%
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%
$612,460
$612.5K
Cap Rate 7%
$437,471
$437.5K
Cap Rate 9%
$340,256
$340.3K
Market Conditions
NOI Build-Up for 3,005 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
$46.2K $15.36/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$43.7K $14.56/SF
− OpEx
−$13.1K −$4.37/SF
NOI
$30.6K $10.19/SF
Area
Johnston County, NC
Vacancy
5.22%
Lease Rate
$15.36 /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%
$612,460
Cap Rate 7%
$437,471
Cap Rate 9%
$340,256
Alternative Uses
Best Use
Multifamily LT 5
$437.5K
$382.8K – $510.4K
NOI $30,623 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$909.1K
$795.5K – $1.06M
NOI $63,636 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 27576, NC
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
Median Home Value
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-unit residential property with four bedrooms and 2.5 baths on each side.
Where is this duplex located?
The property is located at 201a N Sellers St Selma, NC.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: 2024‑built duplex at 201a N Sellers St, Selma, NC 27576; 3,005 square feet within one two‑unit building; Each unit has 4 bedrooms and 2.5 baths
