Three-Bedroom
215 N Sellers St, Selma, NC 27576
For Sale
$448,500
Each side offers a three-bedroom, two-and-a-half-bath layout in a 2022-built property.
Property Size2,550 SF
Price / SF$175.88
Days on Market63
Property Features for 215 N Sellers St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Next Stage Realty
Listed By:
Chris Murphy · License #293540
(781) 724-7223
Source:
Tcrnc
Added: Sep 6
Changed: Nov 2
Last Checked: Oct 7 at 1:29PM
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 Next Stage Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this two-unit residential income property contains approximately 2,550 square feet. Each residence provides approximately 1,255 square feet with three bedrooms and two-and-a-half baths, creating matching layouts within the building.
The property is located at 215 N Sellers St in Selma, North Carolina. It is one of five duplexes available from the same seller on N Sellers St and may be acquired individually or as part of a package.
The property is located at 215 N Sellers St in Selma, North Carolina. It is one of five duplexes available from the same seller on N Sellers St and may be acquired individually or as part of a package.
Key Highlights
- 2022‑built duplex with two residential units
- Approximately 2,550 square feet total
- Each unit has approximately 1,255 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,986
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,720
$519.7K
Cap Rate 7%
$371,229
$371.2K
Cap Rate 9%
$288,733
$288.7K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$39.2K $15.36/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$37.1K $14.56/SF
− OpEx
−$11.1K −$4.37/SF
NOI
$26.0K $10.19/SF
Area
Johnston County, NC
Vacancy
5.22%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,720
Cap Rate 7%
$371,229
Cap Rate 9%
$288,733
Alternative Uses
Best Use
Multifamily LT 5
$371.2K
$324.8K – $433.1K
NOI $25,986 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$320.4K
$280.3K – $373.8K
NOI $22,425 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 27576, NC
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers a three-bedroom, two-and-a-half-bath layout in a 2022-built property.
Where is this duplex located?
The property is located at 215 N Sellers St Selma, NC.
What is the asking price?
The asking price for this property is $448,500.
What are key features of this property?
This property features: 2022‑built duplex with two residential units; Approximately 2,550 square feet total; Each unit has approximately 1,255 square feet
