Duplex With Two One-Bedroom
For Sale
$239,900
Pending
204 W Holt Street, Burlington, NC 27217
MULTI_FAMILY - Burlington, NC
Property Size1,011 SF
Lot Size0.11 Acres
Days on Market150
Property Features for 204 W Holt Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Driveway
Subdivision
Not in a Subdivision
Elementary school
Alamance Burlington County Schools
Middle school
Alamance Burlington County Schools
High school
Alamance Burlington County Schools
Standard status
Pending
APN
136542
Size
1,011 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
W Holt St 28-97-19
Tax Annual Amount
827
Legal Description
W Holt St 28-97-19
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1910
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
Coldwell Banker HPW · Coldwell Banker Real Estate
(919) 876-8824
Listed By:
Jim Allen
(919) 645-2114
Added: Mar 19
Changed: Aug 14
Last Checked: Aug 15 at 7:06AM
MLS# 10186459
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.
Investment Insights
Based on property information with market context.
This Burlington duplex contains two separate units, each arranged with one bedroom, one full bathroom, a family room, and a kitchen. The property includes 1,011 square feet of building area on a 0.11-acre lot. Brick-veneer construction, laminate flooring, electric heating and cooling, a composition roof, and driveway parking are among the existing features. The home was built in 1910.
Located at 204 W Holt Street, the property is served by public water and public sewer. Restaurants, shopping, and everyday amenities are identified nearby, providing surrounding convenience for residents. The two-unit layout offers distinct residential spaces within a single duplex property.
Located at 204 W Holt Street, the property is served by public water and public sewer. Restaurants, shopping, and everyday amenities are identified nearby, providing surrounding convenience for residents. The two-unit layout offers distinct residential spaces within a single duplex property.
Key Highlights
- Two‑unit duplex with one bedroom and one full bathroom in each unit
- 1,011 square feet on a 0.11‑acre lot
- Brick Veneer construction with a composition roof
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-veneer duplex with separate living spaces, driveway parking, and public water and sewer service.
Where is this duplex located?
The property is located at 204 W Holt Street 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‑unit duplex with one bedroom and one full bathroom in each unit; 1,011 square feet on a 0.11‑acre lot; Brick Veneer construction with a composition roof
