207 N Sellers Street, Selma, NC 27576
- Added:
- Jul 3, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 5 at 5:06 am
Property Features for 207 N Sellers Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RES
- Parking
- 28
- 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
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Building materials
- Frame, Vinyl Siding
Listing agent Chris Murphy (781) 724-7223
Listing office Next Stage Realty 11312 US 15-501 N STE 107/224, Cary, NC (919) 533-9797
Listing date Jul 3, 2026
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.
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
- Built in 2021 and 2022 (year built listed as 2023)
Overview
The buildings are located on the 200 block of N Sellers St in downtown Selma, NC (Johnston County). The listing notes that the original plan included seven buildings, with one building under contract and one closed, leaving these remaining buildings available. Buildings can be purchased as a group of five or fewer, or individually, depending on the buyer’s needs.
For buyers seeking an owner-operator or small multifamily portfolio, this configuration allows for acquisition at the building level or as a bundled set. With newly built duplex product and a repeatable unit mix, the property may support straightforward leasing and tenant matching based on bedroom requirements. The option to buy individual buildings can also help tailor total investment exposure within the remaining selection described in the listing.
Local 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 | $260.0k | $15.36 |
| − Vacancy | −$13.6k | −$0.80 |
| EGI | $246.5k | $14.56 |
| − OpEx | −$73.9k | −$4.37 |
| NOI | $172.5k | $10.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Selma
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.279593
- Latitude
- 35.535534
