Newer Duplex
For Sale
$2,299,000
207 N Sellers Street, Selma, NC 27576
Commercial Sale, Selma, NC
Property Size16,930 SF
Lot Size1.21 Acres
Price / SF$135.79
Days on Market49
Property Features for 207 N Sellers Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RES
Parking
28
Subdivision
Not in a Subdivision
Standard status
Active
Size
16,930 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
207 N Sellers M15l8a
Tax Annual Amount
4175
Legal Description
207 N Sellers M15l8a
Building Details
Year built
2023
Floors in Building
2
Building materials
Frame, Vinyl Siding
Listing Agency:
Next Stage Realty
(919) 533-9797
Listed By:
Chris Murphy · License #293540
(781) 724-7223
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 20 at 11:06AM
MLS# 10177976
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.
NOW AVAILABLE: 5 duplex buildings totaling 10 residential units, built in 2021 and 2022. The current unit mix includes three 3-bedroom, 2.5-bath units and two 4-bedroom, 2.5-bath units. The original offering included 7 buildings, with 1 building under contract and 1 building closed, and the current inventory available as a group of five or fewer or individually.
The property is located on the 200 block of N Sellers St in downtown Selma, North Carolina. The site is zoned RES.
This listing is structured for flexibility in how buyers acquire the asset, with options to purchase the duplex buildings as a group or as individual buildings. See the related listing referenced in the remarks for viewing as a single building purchase.
The property is located on the 200 block of N Sellers St in downtown Selma, North Carolina. The site is zoned RES.
This listing is structured for flexibility in how buyers acquire the asset, with options to purchase the duplex buildings as a group or as individual buildings. See the related listing referenced in the remarks for viewing as a single building purchase.
Key Highlights
- Now 5 duplex buildings (10 residences) on the 200 block of N Sellers St in Downtown Selma
- Units include three 3BR/2.5BA units and two 4BR/2.5BA units
- Frame construction with vinyl siding
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
$172,529
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
7.50%
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%
$3,450,580
$3.5M
Cap Rate 7%
$2,464,700
$2.5M
Cap Rate 9%
$1,916,989
$1.9M
Market Conditions
NOI Build-Up for 16,930 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
$260.0K $15.36/SF
− Vacancy
−$13.6K −$0.80/SF
EGI
$246.5K $14.56/SF
− OpEx
−$73.9K −$4.37/SF
NOI
$172.5K $10.19/SF
Area
Johnston County, NC
Vacancy
5.22%
Lease Rate
$15.36 /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%
$3,450,580
Cap Rate 7%
$2,464,700
Cap Rate 9%
$1,916,989
Alternative Uses
Best Use
Multifamily LT 5
$2.46M
$2.16M – $2.88M
NOI $172,529 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$2.13M
$1.86M – $2.48M
NOI $148,885 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$5.12M
$4.48M – $5.98M
NOI $358,521 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 27576, NC
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
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 - Five duplex buildings with 10 residences built in 2021 and 2022, offering a mix of 3BR and 4BR floor plans.
Where is this duplex located?
The property is located at 207 N Sellers Street Selma, NC.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Now 5 duplex buildings (10 residences) on the 200 block of N Sellers St in Downtown Selma; Units include three 3BR/2.5BA units and two 4BR/2.5BA units; Frame construction with vinyl siding
