Three-Bedroom
215 Bidney Drive, Burlington, NC 27215
For Sale
$255,000
A 1959 residential property offers three bedrooms, one and a half bathrooms, and recently refreshed interior paint.
Property Size1,652 SF
Price / SF$154.36
Days on Market95
Property Features for 215 Bidney Drive
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
Elevation Realty, LLC
(336) 212-1054
Listed By:
Sherri Dyer · License #259704
(336) 516-1034
Source:
Thorperealtyco
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 8 at 12:45PM
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 Elevation Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex includes three bedrooms and one and a half bathrooms across 1,652 square feet. Hardwood flooring is present beneath the existing carpet, and the interior has been repainted. Built in 1959, the property offers a defined residential layout.
Key Highlights
- Three bedrooms and one and a half bathrooms
- 1,652 square feet of interior space
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,921
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,420
$298.4K
Cap Rate 7%
$213,157
$213.2K
Cap Rate 9%
$165,789
$165.8K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$22.8K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.3K $12.90/SF
− OpEx
−$6.4K −$3.87/SF
NOI
$14.9K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,420
Cap Rate 7%
$213,157
Cap Rate 9%
$165,789
Alternative Uses
Best Use
Multifamily LT 5
$213.2K
$186.5K – $248.7K
NOI $14,921 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.7K
NOI $13,119 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$544.7K
$476.6K – $635.4K
NOI $38,126 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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Business Placement
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A 1959 residential property offers three bedrooms, one and a half bathrooms, and recently refreshed interior paint.
Where is this duplex located?
The property is located at 215 Bidney Drive Burlington, NC.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Three bedrooms and one and a half bathrooms; 1,652 square feet of interior space; Built in 1959
