Tenant-Occupied
For Sale
$237,000
2258-2260 Onslow Dr, Jacksonville, NC 28540
Two residential units are currently occupied by tenants.
Property Size1,553 SF
Price / SF$152.61
Days on Market67
Property Features for 2258-2260 Onslow Dr
General Information
Standard status
Active
Size
1,553 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1953
Listing Agency:
UNITED REAL ESTATE COASTAL RIVERS
(252) 658-0156
Listed By:
Consuelo McAllister Colvin · License #284755
Source:
Coastalrealtyassociates
Added: Jun 26
Changed: Aug 29
Last Checked: Aug 30 at 6:00PM
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 UNITED REAL ESTATE COASTAL RIVERS
Investment Insights
Based on property information with market context.
This duplex contains two occupied residential units with a combined 1,553 square feet. The smaller unit offers 600 square feet with one bedroom, one bathroom, a kitchen, living room, and laundry area integrated into the kitchen and dining space. The second unit provides 953 square feet, three bedrooms, one bathroom, a kitchen, living room, and separate dining area. The property was built in 1953.
The duplex is near Camp Lejeune, restaurants, convenience stores, shopping, a community college, public transportation, and the Camp Lejeune Military Base. A bus stop is located across from the property. Showings require advance notice and are limited to serious, qualified buyers.
The duplex is near Camp Lejeune, restaurants, convenience stores, shopping, a community college, public transportation, and the Camp Lejeune Military Base. A bus stop is located across from the property. Showings require advance notice and are limited to serious, qualified buyers.
Key Highlights
- Two‑unit duplex with 1,553 square feet combined
- Unit 2260: 600 sq. ft., 1 bedroom, 1 bathroom
- Unit 2258: 953 sq ft, 3 bedrooms, 1 bathroom
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
$15,532
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
6.55%
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%
$310,640
$310.6K
Cap Rate 7%
$221,886
$221.9K
Cap Rate 9%
$172,578
$172.6K
Market Conditions
NOI Build-Up for 1,553 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
$23.3K $15.00/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$22.2K $14.29/SF
− OpEx
−$6.7K −$4.29/SF
NOI
$15.5K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /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%
$310,640
Cap Rate 7%
$221,886
Cap Rate 9%
$172,578
Alternative Uses
Best Use
Multifamily LT 5
$221.9K
$194.2K – $258.9K
NOI $15,532 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,119 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$337.4K
$295.2K – $393.6K
NOI $23,616 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
Median Home Value
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 are currently occupied by tenants.
Where is this duplex located?
The property is located at 2258-2260 Onslow Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,553 square feet combined; Unit 2260: 600 sq. ft., 1 bedroom, 1 bathroom; Unit 2258: 953 sq ft, 3 bedrooms, 1 bathroom
