Two-Unit Duplex with Separate
For Sale
$239,900
204 W Holt St, Burlington, NC 27217
Each residence includes a bedroom, full bath, family room, and kitchen in a practical residential layout.
Property Size1,011 SF
Price / SF$237.29
Days on Market12
Property Features for 204 W Holt St
General Information
Standard status
Active
Size
1,011 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Coldwell Banker HPW
(919) 573-4567
Listed By:
Jim Allen · License #126077
Source:
Tcrnc
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 30 at 9:01PM
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 Coldwell Banker HPW
Investment Insights
Based on property information with market context.
Located at 204 W Holt St, this duplex contains two separate residential units. Each unit offers 1 bedroom, 1 full bath, a family room, and a kitchen, creating a straightforward layout across the property. The building was constructed in 1910 and has a listed property size of 1011.
The property is situated near local restaurants, shopping, and everyday amenities in Burlington, North Carolina. Its two-unit configuration supports separate residential occupancy, while the individual kitchens and living areas provide functional space within each unit.
The property is situated near local restaurants, shopping, and everyday amenities in Burlington, North Carolina. Its two-unit configuration supports separate residential occupancy, while the individual kitchens and living areas provide functional space within each unit.
Key Highlights
- Two separate residential units at 204 W Holt St, Burlington, NC 27217
- Each unit includes 1 bedroom, 1 full bath, a family room, and a kitchen
- Listed property size of 1011
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
$9,131
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
3.81%
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%
$182,620
$182.6K
Cap Rate 7%
$130,443
$130.4K
Cap Rate 9%
$101,456
$101.5K
Market Conditions
NOI Build-Up for 1,011 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
$14.0K $13.80/SF
− Vacancy
−$907 −$0.90/SF
EGI
$13.0K $12.90/SF
− OpEx
−$3.9K −$3.87/SF
NOI
$9.1K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /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%
$182,620
Cap Rate 7%
$130,443
Cap Rate 9%
$101,456
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.2K
NOI $9,131 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$114.7K
$100.4K – $133.8K
NOI $8,028 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$333.3K
$291.7K – $388.9K
NOI $23,333 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
Business Placement
Demographics for 27217, NC
39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a bedroom, full bath, family room, and kitchen in a practical residential layout.
Where is this duplex located?
The property is located at 204 W Holt St Burlington, NC.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two separate residential units at 204 W Holt St, Burlington, NC 27217; Each unit includes 1 bedroom, 1 full bath, a family room, and a kitchen; Listed property size of 1011
