Duplex with Two Three-Bedroom
New
For Sale
$250,000
2104-2106 Barefoot Park Lane SW, Wilson, NC 27893
Residential Income, Wilson, NC
Property Size2,000 SF
Lot Size0.25 Acres
Price / SF$125
Days on Market5
Property Features for 2104-2106 Barefoot Park Lane SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GR6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 6
Patio and Porch features
Patio
Interior features
Wash/Dry Connect
Exterior features
Storm Doors
Appliances
Electric Oven, Refrigerator, Dishwasher
Subdivision
Barefoot Park
Elementary school
Winstead
Middle school
Darden
High school
Beddingfield
Directions
Downing St. SW, left onto Glendale, right onto Barefoot Park Lane. Duplex is on the right.
Standard status
Active
APN
3711-34-3870.000
Size
2,000 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2104 Barefoot Park Ln SW L33s1 Barefoot Park 1.00 LT
Tax Annual Amount
2278
Legal Description
2104 Barefoot Park Ln SW L33s1 Barefoot Park 1.00 LT
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Number of units
2
Flooring type
Lvt/lvp, Vinyl
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
The Forbes Real Estate Group
(252) 291-2048
Listed By:
Lafan Forbes · License #135511
(252) 206-6037
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 20 at 8:06AM
MLS# 100604033
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 2104-2106 Barefoot Park Lane SW in Wilson, North Carolina, contains 2,000 square feet across two residential units. Each unit includes three bedrooms and one full bathroom. The property was built in 1995 and features wood-frame construction with wood siding, vinyl and LVT/LVP flooring, central air, and electric forced-air heating. Both units include washer/dryer connections and patio space.
The property sits on a 0.25-acre lot with GR6 zoning and public water service. Included appliances are an electric oven, refrigerator, and dishwasher, while storm doors and shingle roofing add to the existing improvements.
The property sits on a 0.25-acre lot with GR6 zoning and public water service. Included appliances are an electric oven, refrigerator, and dishwasher, while storm doors and shingle roofing add to the existing improvements.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 full bath per unit
- 2,000 square feet on a 0.25‑acre lot
- Built in 1995 with wood‑frame construction and wood siding
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
$16,317
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
6.53%
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%
$326,340
$326.3K
Cap Rate 7%
$233,100
$233.1K
Cap Rate 9%
$181,300
$181.3K
Market Conditions
NOI Build-Up for 2,000 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
$25.2K $12.60/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$23.3K $11.66/SF
− OpEx
−$7.0K −$3.50/SF
NOI
$16.3K $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%
$326,340
Cap Rate 7%
$233,100
Cap Rate 9%
$181,300
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $272.0K
NOI $16,317 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$215.7K
$188.7K – $251.7K
NOI $15,099 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 13.44%
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
313
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residential units offer separate living spaces with patios, central air, and washer/dryer connections.
Where is this duplex located?
The property is located at 2104-2106 Barefoot Park Lane SW Wilson, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 full bath per unit; 2,000 square feet on a 0.25‑acre lot; Built in 1995 with wood‑frame construction and wood siding
