Two-Unit Duplex with Open
201a N Sellers Street, Selma, NC 27576
For Sale
$499,800
Residential, Selma, NC
Property Size3,005 SF
Lot Size1.08 Acres
Price / SF$166.32
Days on Market51
Property Features for 201a N Sellers Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Next Stage Realty
(919) 533-9797
Listed By:
Chris Murphy · License #293540
(781) 724-7223
Added: Sep 18
Changed: Oct 28
Last Checked: Nov 7 at 11:06AM
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.
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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 / Yr
$30,623
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
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
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 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 6.13%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$909.1K
$795.5K – $1.06M
NOI $63,636 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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 $499,800.
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
