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    2022 A & B Progress Street Fayetteville, NC 28306

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    New
    Pending
    $375,000

    MULTI_FAMILY - Other - Fayetteville, NC

    Property size:
    2,988 SF
    Added:
    May 5, 2026
    Days on Market:
    3
    Last Refresh:
    May 7 at 12:06 am

    Property Features for 2022 A & B Progress Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Rooms
    Laundry Room
    Patio and Porch features
    Patio, Porch
    Interior features
    EatInKitchen, GreatRoom, BathInPrimaryBedroom
    Exterior features
    Porch, Patio
    Standard status
    Pending
    APN
    0436-03-2534.000
    Size
    2,988 SF

    Taxes and HOA fees

    Tax Description
    DAVID W AYER LO12 SE01 BL15 PL0010-0032

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Laminate
    Building materials
    VinylSiding
    Architectural style
    Other

    We can help!

    Listing Contact
    EDDIE TERRY
    EDDIE TERRY

    Listing agent EDDIE TERRY License #147322

    Listing office BHHS ALL AMERICAN HOMES #2 6920 CLIFFDALE ROAD, fayetteville, NC

    Listing date May 5, 2026

    MLS# 762010 Listing URL

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction duplex: Live in one unit and rent the other for income.
    • Each unit features 3 bedrooms and 2.5 bathrooms, totaling 1,494 sq ft of living space.
    • Includes modern amenities: granite countertops, stainless steel appliances, and a private bath in the main bedroom.
    • Convenient location: close to Cape Fear Valley Medical Center, Crown Coliseum, downtown Fayetteville, shopping, and restaurants.
    • Features both a paved driveway and a patio.
    • Modern construction with vinyl siding, heat pump, and central air.

    Overview

    New Construction Duplex in Fayetteville

    This is a presale new construction duplex featuring two units. Each unit includes 3 bedrooms and 2.5 bathrooms. The units offer a spacious eat-in kitchen equipped with granite countertops and stainless steel appliances, along with a large great room and a laundry closet located downstairs. Upstairs, each unit has 3 bedrooms, including a main bedroom with a private bath. Each unit is approximately 1,494 square feet. The property includes a paved driveway and a patio accessible from the eat-in kitchen. The property is located close to Cape Fear Valley Medical Center, Crown Coliseum, downtown Fayetteville, shopping, and restaurants. The estimated completion date is August 2026. The property is currently under construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.898996
    Latitude
    35.023621

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    FAQs

    What type of property is this?
    Duplex - New construction duplex with two units, close to amenities.
    Where is this duplex located?
    The property is located at 2022 A & B Progress Street Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: New construction duplex: Live in one unit and rent the other for income.; Each unit features **3 bedrooms and 2.5 bathrooms**, totaling 1,494 sq ft of living space.; Includes modern amenities: **granite countertops, stainless steel appliances, and a private bath in the main bedroom.**
    (910) 624-4545
    We can help!
    Listing Contact
    EDDIE TERRY
    EDDIE TERRY
    Real Estate License ID: 147322
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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