Downtown Duplex Portfolio
For Sale
$3,400,000
207 North Sellers Street, Selma, NC 27576
Seven newly built duplex buildings offer 14 residences with 3- or 4-bedroom layouts.
Property Size16,930 SF
Price / SF$200.83
Days on Market237
Property Features for 207 North Sellers Street
General Information
Standard status
Active
Size
16,930 SF
Property subtype
Commercial Sale / Multi Family
Additional Details
Multifamily Units
14
Building Details
Year Built
2023
Listing Agency:
Next Stage Realty
(781) 724-7223
Listed By:
Chris Murphy · License #293540
(781) 724-7223
Source:
Compass
Added: Dec 5, 2025
Changed: Jul 23
Last Checked: Jul 30 at 1:31PM
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 Next Stage Realty
Investment Insights
Based on property information with market context.
This offering includes seven duplex buildings containing 14 total residences. The properties were built in 2023, 2024, and 2025, and each unit features 2.5 bathrooms, with layouts of either 3 bedrooms or 4 bedrooms.
The buildings are located on the 200 block of N Sellers St and the 400 block of Waddell St in downtown Selma, NC. They can be purchased as a group of seven or as individual buildings.
Tenancies will vary by unit type, with consistent 2.5-bath configurations across the portfolio and either 3BR or 4BR bedroom counts. Buildings are available for single-building purchase as well, including the option referenced through MLS# 10138680.
The buildings are located on the 200 block of N Sellers St and the 400 block of Waddell St in downtown Selma, NC. They can be purchased as a group of seven or as individual buildings.
Tenancies will vary by unit type, with consistent 2.5-bath configurations across the portfolio and either 3BR or 4BR bedroom counts. Buildings are available for single-building purchase as well, including the option referenced through MLS# 10138680.
Key Highlights
- Seven duplex buildings (14 residences) on the 200 block of N Sellers St and the 400 block of Waddell St in Downtown Selma
- Built in 2023, 2024, and 2025
- Each unit is either a 3‑bedroom/2.5‑bath or a 4‑bedroom/2.5‑bath layout
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 |
16,930 SF · lease $15.36/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.46M
$2.16M – $2.88M
NOI $172,529 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$2.13M
$1.86M – $2.48M
NOI $148,885 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$5.12M
$4.48M – $5.98M
NOI $358,521 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14
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
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Frequently Asked Questions
What type of property is this?
Duplex - Seven newly built duplex buildings offer 14 residences with 3- or 4-bedroom layouts.
Where is this duplex located?
The property is located at 207 North Sellers Street Selma, NC.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Seven duplex buildings (14 residences) on the 200 block of N Sellers St and the 400 block of Waddell St in Downtown Selma; Built in 2023, 2024, and 2025; Each unit is either a 3‑bedroom/2.5‑bath or a 4‑bedroom/2.5‑bath layout
