Updated Two-Unit
2102 Rogers Drive, Fayetteville, NC 28303
For Sale
$150,000
Two one-bedroom residences are updated and occupied under month-to-month leases.
Property Size1,545 SF
Price / SF$97.09
Days on Market71
Property Features for 2102 Rogers Drive
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Highgarden Real Estate NC
(336) 414-5553
Listed By:
Ashley Hum · License NC #285338
(919) 616-5492
Source:
Martihampton
Added: Sep 1
Changed: Nov 9
Last Checked: Nov 9 at 8:54AM
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 Highgarden Real Estate NC
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Investment Insights
Based on property information with market context.
Built in 1949, this 1,545-square-foot duplex contains two one-bedroom, one-bathroom residences. Both units have been updated, and each is leased month to month.
The property occupies a corner lot in Fayetteville, North Carolina.
The property occupies a corner lot in Fayetteville, North Carolina.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,545‑square‑foot duplex built in 1949
- Both units updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,968
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
$259.4K
Cap Rate 7%
$185,257
$185.3K
Cap Rate 9%
$144,089
$144.1K
Market Conditions
NOI Build-Up for 1,545 SF
Gross rent
$25.0K $16.20/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$23.6K $15.26/SF
− OpEx
−$10.6K −$6.87/SF
NOI
$13.0K $8.39/SF
Area
Fayetteville, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
Cap Rate 7%
$185,257
Cap Rate 9%
$144,089
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.0K
NOI $14,102 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$338.6K
$296.3K – $395.0K
NOI $23,702 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
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Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
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Market
Properties on Market for Duplexes in Fayetteville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences are updated and occupied under month-to-month leases.
Where is this duplex located?
The property is located at 2102 Rogers Drive Fayetteville, NC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,545‑square‑foot duplex built in 1949; Both units updated
