Renovated Duplex with
For Sale
$129,900
202 Lee St NE, Wilson, NC 27893
One unit is vacant following recent renovation, while the other has a long-term tenant.
Property Size1,450 SF
Price / SF$89.59
Days on Market191
Property Features for 202 Lee St NE
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
First Wilson Properties
Listed By:
Johnson Bissette · License #90909
(252) 245-0905
Source:
Searchgreateraugustahomes
Added: Mar 29
Changed: Oct 1
Last Checked: Oct 4 at 10:28AM
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 First Wilson Properties
Investment Insights
Based on property information with market context.
This duplex includes two residential units with differing occupancy and condition profiles. Unit A has undergone a recent renovation and is currently vacant, while Unit B is occupied by a long-term tenant.
Key Highlights
- Two‑unit duplex configuration
- Unit A recently renovated and vacant
- Unit B occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,830
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,600
$236.6K
Cap Rate 7%
$169,000
$169.0K
Cap Rate 9%
$131,444
$131.4K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$18.3K $12.60/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$16.9K $11.66/SF
− OpEx
−$5.1K −$3.50/SF
NOI
$11.8K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,600
Cap Rate 7%
$169,000
Cap Rate 9%
$131,444
Alternative Uses
Best Use
Multifamily LT 5
$169.0K
$147.9K – $197.2K
NOI $11,830 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$156.4K
$136.8K – $182.5K
NOI $10,947 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
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
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 - One unit is vacant following recent renovation, while the other has a long-term tenant.
Where is this duplex located?
The property is located at 202 Lee St NE Wilson, NC.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Unit A recently renovated and vacant; Unit B occupied by a long‑term tenant
