Renovated Duplex with Two
For Sale
$269,000
210 Raleigh Road Parkway N, Wilson, NC 27893
Updated systems and in-unit laundry support flexible owner-occupant or rental use.
Property Size1,442 SF
Price / SF$186.55
Days on Market27
Property Features for 210 Raleigh Road Parkway N
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Multi Family Home
Zoning
R
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$926
Building Details
Building Size
1,442 SF
Year Built
1948
Buildings
1
Stories
1
Units
2
Listing Agency:
United Real Estate Coastal Carolina
(252) 560-9187
Listed By:
Chong Tsao · License #299235
(252) 560-9187
Source:
Frankerealproperties
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 29 at 10:21AM
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 United Real Estate Coastal Carolina
Investment Insights
Based on property information with market context.
This fully renovated duplex contains two one-bedroom, one-bath units within 1,442 square feet. Each residence offers an open-concept great room with 9-foot ceilings, along with stainless steel appliances including a refrigerator, dishwasher, washer, and dryer. Improvements include new HVAC, plumbing, sewer, and electrical wiring.
The property is positioned near major shopping centers and within walking distance of downtown and Barton College in Wilson. Its two-unit layout supports an owner-occupant arrangement with one residence rented separately, or rental use of both units.
The property is positioned near major shopping centers and within walking distance of downtown and Barton College in Wilson. Its two-unit layout supports an owner-occupant arrangement with one residence rented separately, or rental use of both units.
Key Highlights
- Two‑unit duplex with a 1‑bedroom, 1‑bath layout in each unit
- Fully renovated with new HVAC, plumbing, sewer, and electrical wiring
- 1,442 square feet; built in 1948
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
$11,765
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
4.37%
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%
$235,300
$235.3K
Cap Rate 7%
$168,071
$168.1K
Cap Rate 9%
$130,722
$130.7K
Market Conditions
NOI Build-Up for 1,442 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
$18.2K $12.60/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$16.8K $11.66/SF
− OpEx
−$5.0K −$3.50/SF
NOI
$11.8K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /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%
$235,300
Cap Rate 7%
$168,071
Cap Rate 9%
$130,722
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,765 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.5K
NOI $10,887 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$346.1K
$302.8K – $403.8K
NOI $24,227 @ 7.0% cap · market cap 9.01%
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
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
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 - Updated systems and in-unit laundry support flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 210 Raleigh Road Parkway N Wilson, NC.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit duplex with a 1‑bedroom, 1‑bath layout in each unit; Fully renovated with new HVAC, plumbing, sewer, and electrical wiring; 1,442 square feet; built in 1948
