Two-Unit Duplex
For Sale
$240,000
Pending
2120 Barefoot Park Ln SW, Wilson, NC 27893
Paired residential units provide a compact income-property configuration with separate street addresses.
Property Size2,002 SF
Days on Market201
Property Features for 2120 Barefoot Park Ln SW
General Information
Standard status
Pending
Size
2,002 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1996
Listing Agency:
First Wilson Properties
Listed By:
Johnson Bissette · License #90909
(252) 245-0905
Source:
Coastalrealtyassociates
Added: Feb 25
Changed: Sep 11
Last Checked: Sep 13 at 11:23AM
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 First Wilson Properties
Investment Insights
Based on property information with market context.
This duplex offering comprises two residential units totaling 2,002 square feet. The property was built in 1996 and is being offered as a combined sale rather than as a single standalone unit.
The sale includes 2120 Barefoot Park Ln SW and 2122 Barefoot Park Ln SW in Wilson, NC 27893. Together, the two addresses represent a two-unit residential property configuration.
The sale includes 2120 Barefoot Park Ln SW and 2122 Barefoot Park Ln SW in Wilson, NC 27893. Together, the two addresses represent a two-unit residential property configuration.
Key Highlights
- Two residential units included in the sale
- 2,002 square feet of property size
- Built in 1996
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
$16,333
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
6.81%
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%
$326,660
$326.7K
Cap Rate 7%
$233,329
$233.3K
Cap Rate 9%
$181,478
$181.5K
Market Conditions
NOI Build-Up for 2,002 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%
$326,660
Cap Rate 7%
$233,329
Cap Rate 9%
$181,478
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.2K – $272.2K
NOI $16,333 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$215.9K
$188.9K – $251.9K
NOI $15,115 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$480.5K
$420.5K – $560.6K
NOI $33,636 @ 7.0% cap · market cap 14.02%
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
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Frequently Asked Questions
What type of property is this?
Duplex - Paired residential units provide a compact income-property configuration with separate street addresses.
Where is this duplex located?
The property is located at 2120 Barefoot Park Ln SW Wilson, NC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residential units included in the sale; 2,002 square feet of property size; Built in 1996
