Two-Unit
For Sale
$255,000
231-233 Easy St, Jacksonville, NC 28546
Both residences are occupied and offer two bedrooms and two full bathrooms apiece.
Property Size891 SF
Price / SF$286.20
Days on Market8
Property Features for 231-233 Easy St
General Information
Standard status
Active
Size
891 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1988
Listing Agency:
SERHANT
Listed By:
Holly Griffith · License #340024
(218) 280-5150
Source:
Augustaaikenhomefinder
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 19 at 7:15AM
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 SERHANT
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Investment Insights
Based on property information with market context.
This 1988-built duplex contains two residences, each with two bedrooms and two full bathrooms. Both units are currently occupied, providing an existing residential configuration for the next owner.
The property is near Piney Green Road, Jacksonville Country Club, and Western Boulevard in Jacksonville. Shopping, everyday services, and multiple military installations are also identified in the surrounding area.
The property is near Piney Green Road, Jacksonville Country Club, and Western Boulevard in Jacksonville. Shopping, everyday services, and multiple military installations are also identified in the surrounding area.
Key Highlights
- Two occupied residential units
- Each unit has 2 bedrooms and 2 full bathrooms
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,911
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,220
$178.2K
Cap Rate 7%
$127,300
$127.3K
Cap Rate 9%
$99,011
$99.0K
Market Conditions
NOI Build-Up for 891 SF
Gross rent
$13.4K $15.00/SF
− Vacancy
−$635 −$0.71/SF
EGI
$12.7K $14.29/SF
− OpEx
−$3.8K −$4.29/SF
NOI
$8.9K $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 Rate 5%
$178,220
Cap Rate 7%
$127,300
Cap Rate 9%
$99,011
Alternative Uses
Best Use
Multifamily LT 5
$127.3K
$111.4K – $148.5K
NOI $8,911 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,101 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and offer two bedrooms and two full bathrooms apiece.
Where is this duplex located?
The property is located at 231-233 Easy St Jacksonville, 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: Two occupied residential units; Each unit has 2 bedrooms and 2 full bathrooms; Built in 1988
