Tenant-Occupied
For Sale
$237,000
2258-2260 Onslow Drive, Jacksonville, NC 28540
Residential Income, Jacksonville, NC
Property Size1,553 SF
Lot Size0.32 Acres
Price / SF$152.61
Days on Market95
Property Features for 2258-2260 Onslow Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Paved or Surfaced
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Ceiling Fan(s)
Subdivision
Not In Subdivision
Lot features
Corner Lot
Elementary school
Clyde Erwin
Middle school
New Bridge
High school
Jacksonville
High school district
Onslow
Directions
From US- 17 N, Take the Gum Branch Rd exit and head east. Turn left onto Onslow Dr. property will be on the left side.
Standard status
Active
APN
437720705491
Size
1,553 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
L27 BJ NEW RIVER
Legal Description
L27 BJ NEW RIVER
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Aluminum Siding, Vinyl Siding, Wood Siding
Roof type
Shingle, Composition
Listing Agency:
UNITED REAL ESTATE COASTAL RIVERS
(252) 497-8157
Listed By:
Consuelo McAllister Colvin · License #284755
(252) 658-0156
Added: Jun 30
Changed: Sep 12
Last Checked: Oct 2 at 3:06AM
MLS# 100585566
Copyright © 2026 Hive MLS. 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 tenant-occupied duplex contains 1,553 square feet on a 0.316-acre lot and was built in 1953. The 2260 unit measures 600 square feet with one bedroom, one bathroom, a kitchen, living room, and laundry area within the kitchen and dining combination. The 2258 unit measures 953 square feet and includes three bedrooms, one bathroom, a kitchen, living room, and dining area.
The property is zoned R and located near Camp Lejeune, restaurants, convenience stores, shopping, a community college, public transportation, and the Camp Lejeune Military Base. A bus stop is positioned across from the duplex. Improvements include central air, electric forced-air heating, wood and vinyl flooring, paved or surfaced parking, a porch, and wash/dry connections. The exterior uses aluminum, vinyl, and wood siding, with shingle and composition roofing.
The property is zoned R and located near Camp Lejeune, restaurants, convenience stores, shopping, a community college, public transportation, and the Camp Lejeune Military Base. A bus stop is positioned across from the duplex. Improvements include central air, electric forced-air heating, wood and vinyl flooring, paved or surfaced parking, a porch, and wash/dry connections. The exterior uses aluminum, vinyl, and wood siding, with shingle and composition roofing.
Key Highlights
- Two‑unit duplex totaling 1,553 square feet on 0.316 acres
- Unit 2260: 600 sq. ft., 1 bedroom, 1 bathroom, kitchen, living room, and laundry area
- Unit 2258: 953 sq ft, 3 bedrooms, 1 bathroom, kitchen, living room, and dining area
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
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate kitchens, living areas, and tenant occupancy.
Where is this duplex located?
The property is located at 2258-2260 Onslow Drive 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 totaling 1,553 square feet on 0.316 acres; Unit 2260: 600 sq. ft., 1 bedroom, 1 bathroom, kitchen, living room, and laundry area; Unit 2258: 953 sq ft, 3 bedrooms, 1 bathroom, kitchen, living room, and dining area
