Greenville Duplex: Fully
204 Kristin Drive Greenville, NC 27834
For Sale
$230,000
MULTI_FAMILY - Greenville, NC
Property Size1,990 SF
Lot Size0.19 Acres
Price / SF$115.58
Days on Market73
Property Features for 204 Kristin Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Assigned
Patio and Porch features
Porch
Interior features
Wash/Dry Connect
Appliances
Electric Cooktop, Refrigerator, Dishwasher
Standard status
Active
APN
046459
Size
1,990 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SHENANDOAH
Tax Annual Amount
1461
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
2
Number of units
2
Flooring type
Carpet, Lvt/lvp
Building materials
Brick Veneer, Wood Frame
Roof type
Shingle
Listing Agency:
Grimes Real Estate Group
(252) 717-1418
Listed By:
Melissia Larson · License #246951
(252) 341-5102
Added: May 16
Changed: Jul 18
Last Checked: Jul 27 at 12:06PM
MLS# 100574718
Copyright © 2026 Hive 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 fully rented brick duplex is located within Greenville city limits. The property has been maintained by a local owner. Updates include LVP flooring downstairs and carpet upstairs. Both tenants are currently on month-to-month leases, presenting an opportunity to increase rents to market rates. The property size is 1990 square feet, situated on a 0.19-acre lot. This multifamily property is zoned R6. A package deal is available with 103 and 105 Mosby Circle, which includes a total of four units.
Key Highlights
- Fully rented brick duplex in Greenville city limits with both tenants on month‑to‑month leases
- Year built 1981; brick veneer and wood frame construction with shingle roof
- Updates include LVP/LVT flooring downstairs and carpet upstairs
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $10.20 |
| − Vacancy | −$1.3k | −$0.66 |
| EGI | $19.0k | $9.54 |
| − OpEx | −$5.7k | −$2.86 |
| NOI | $13.3k | $6.68 |
1,990 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.8K
$166.1K – $221.4K
NOI $13,285 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$176.7K
$154.7K – $206.2K
NOI $12,372 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex in Greenville, offering immediate income potential.
Where is this duplex located?
The property is located at 204 Kristin Drive Greenville, NC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Fully rented brick duplex in Greenville city limits with both tenants on month‑to‑month leases; Year built 1981; brick veneer and wood frame construction with shingle roof; Updates include LVP/LVT flooring downstairs and carpet upstairs
