Two-Unit Duplex with Open
New
For Sale
$514,000
201a N Sellers Street, Selma, NC 27576
Residential, Selma, NC
Property Size3,005 SF
Lot Size1.08 Acres
Price / SF$171.05
Days on Market6
Property Features for 201a N Sellers Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
IND
Bedrooms
8
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 7, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6
Interior features
Ceiling Fan(s), Double Vanity, Open Floorplan, Recessed Lighting, Stone Counters, Walk-In Closet(s)
Appliances
Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Ice Maker, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s)
Subdivision
Not in a Subdivision
Elementary school
Johnston - Selma Elementary
Middle school
Johnston - Selma Middle School
High school
Johnston - Smithfield Selma High
Standard status
Active
APN
14N99031F
Size
3,005 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2614.06/81
Tax Annual Amount
5660
Legal Description
2614.06/81
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
2
Flooring type
Carpet, Wood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Next Stage Realty
(919) 533-9797
Listed By:
Chris Murphy · License #293540
(781) 724-7223
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 23 at 6:06AM
MLS# 10193874
Copyright © 2026 Doorify 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 2024-built duplex contains two residential units within a 3,005-square-foot building. Each side includes four bedrooms and features an open floorplan, stone counters, double vanities, recessed lighting, walk-in closets, vinyl siding, and a shingle roof. Interior finishes include vinyl, wood, and carpet flooring, while forced-air heating and central air provide mechanical service. Stainless steel appliances, including ranges, refrigerators, dishwashers, ice makers, and range hoods, are included.
The property occupies 1.08 acres at 201a N Sellers Street in Selma, North Carolina. Public water and public sewer serve the site, and the property is identified with IND zoning. The duplex is part of a group of seven buildings offered by the same seller, with individual sale available.
The property occupies 1.08 acres at 201a N Sellers Street in Selma, North Carolina. Public water and public sewer serve the site, and the property is identified with IND zoning. The duplex is part of a group of seven buildings offered by the same seller, with individual sale available.
Key Highlights
- 2024‑built duplex with two residential units
- 3,005‑square‑foot building on 1.08 acres
- Each unit includes 4 bedrooms
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
324
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
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 - Built in 2024 with central air, public utilities, and contemporary interior finishes.
Where is this duplex located?
The property is located at 201a N Sellers Street 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 with two residential units; 3,005‑square‑foot building on 1.08 acres; Each unit includes 4 bedrooms
