Renovated Duplex with Open
New
For Sale
$265,000
210 Raleigh Road Pkwy N, Wilson, NC 27893
Updated two-unit property with modern appliances, refreshed systems, and convenient access to shopping, downtown, and Barton College.
Property Size1,442 SF
Price / SF$183.77
Days on Market2
Property Features for 210 Raleigh Road Pkwy N
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Buildings
1
Listing Agency:
United Real Estate Coastal Carolina
Listed By:
Chong Tsao · License #299235
(252) 560-9187
Source:
Barefootbrokers
Added: Sep 13
Last Checked: Sep 13 at 2:46PM
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, each arranged around an open-concept great room with 9-foot ceilings. Improvements include new HVAC, plumbing, sewer, and electrical wiring. Both units are equipped with stainless steel refrigerators, dishwashers, and washer-dryer sets, providing a complete appliance package for occupancy or leasing.
The property is located at 210 Raleigh Road Pkwy N in Wilson, North Carolina, near major shopping centers and within walking distance of downtown and Barton College. Built in 1948, the duplex offers 1,442 square feet of residential space in a two-unit configuration suitable for an owner occupant or separate leasing of both units.
The property is located at 210 Raleigh Road Pkwy N in Wilson, North Carolina, near major shopping centers and within walking distance of downtown and Barton College. Built in 1948, the duplex offers 1,442 square feet of residential space in a two-unit configuration suitable for an owner occupant or separate leasing of both units.
Key Highlights
- Two‑unit duplex with 1,442 square feet of property size
- Each unit includes 1 bedroom and 1 bath
- Fully renovated with new HVAC, plumbing, sewer, and electrical wiring
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
4.44%
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 4.44%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.5K
NOI $10,887 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$346.1K
$302.8K – $403.8K
NOI $24,227 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with modern appliances, refreshed systems, and convenient access to shopping, downtown, and Barton College.
Where is this duplex located?
The property is located at 210 Raleigh Road Pkwy N Wilson, NC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,442 square feet of property size; Each unit includes 1 bedroom and 1 bath; Fully renovated with new HVAC, plumbing, sewer, and electrical wiring
