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Duplex with Separate Utilities
For Sale
$300,000

2134 Rock Avenue, Fayetteville, NC 28303

Residential, Fayetteville, NC

Property Size1,968 SF
Lot Size0.23 Acres
Price / SF$152.44
Days on Market110

Property Features for 2134 Rock Avenue

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features Garage
Patio and Porch features Porch
Fireplace 1
Appliances Dryer, FreeStandingElectricRange, FreeStandingRefrigerator
Subdivision HAYMOUNT
Lot features Less Than Quarter Acre, Level, Partially Cleared
Elementary school Alamance - Alexander Wilson
Middle school Max Abbott Middle School
High school Terry Sanford Senior High
Standard status Active
APN 0427-48-4376
Size 1,968 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description MARKET HOUSE PROPERTIES LLC RECOMB LO:21 PL:0148-0131
Legal Description MARKET HOUSE PROPERTIES LLC RECOMB LO:21 PL:0148-0131

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1952
Building materials VinylSiding
Architectural style Other
Listing Agency: TOWNSEND REAL ESTATE
Listed By: JENNIFER YUNUS · License #302148
Added: Jun 19 Changed: Sep 18 Last Checked: Oct 6 at 9:06PM
MLS# 764577

Copyright © 2026 Longleaf Pine Realtors. 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 2134 Rock Avenue contains 1,968 square feet across two separately configured residences. The front unit includes 2 bedrooms, 1 bathroom, and a covered porch. The rear unit provides 1 bedroom, 1 bathroom, and a sunroom. Both residences are occupied, and each has separate utility service. Property features include vinyl siding, a garage, a fireplace, natural-gas heating, central air, electric cooling, and public water and sewer. The building dates to 1952 and includes a dryer, freestanding electric range, and freestanding refrigerator.

The property is in Fayetteville’s Haymount area, close to Fort Bragg and downtown Fayetteville. Terry Sanford High School and Fayetteville Technical Community College are within walking distance. The 0.23-acre site is located in Fayetteville, NC 28303.

Key Highlights

  • 1,968‑square‑foot duplex on a 0.23‑acre site
  • Front residence offers 2 bedrooms, 1 bathroom, and a covered porch
  • Rear residence includes 1 bedroom, 1 bathroom, and a sunroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,963
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,260 $359.3K
Cap Rate 7%
$256,614 $256.6K
Cap Rate 9%
$199,589 $199.6K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$27.2K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.7K $13.04/SF
− OpEx
−$7.7K −$3.91/SF
NOI
$18.0K $9.13/SF
Area
Fayetteville, NC
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,260
Cap Rate 7%
$256,614
Cap Rate 9%
$199,589

Alternative Uses

Best Use
Multifamily LT 5
$256.6K
$224.5K – $299.4K (±1% cap)
NOI $17,963 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$236.0K
$206.5K – $275.3K (±1% cap)
NOI $16,518 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$431.3K
$377.4K – $503.2K (±1% cap)
NOI $30,191 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Restaurant Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

528
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two occupied residences provide distinct layouts, public utilities, and a garage in Fayetteville’s Haymount area.
Where is this duplex located?
The property is located at 2134 Rock Avenue Fayetteville, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,968‑square‑foot duplex on a 0.23‑acre site; Front residence offers 2 bedrooms, 1 bathroom, and a covered porch; Rear residence includes 1 bedroom, 1 bathroom, and a sunroom
More about this property
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