Duplex with Bonus
For Sale
$499,000
231 Barbara Avenue, Midway Park, NC 28544
Both residences include a first-floor bonus room and a private garage.
Property Size3,264 SF
Days on Market10
Property Features for 231 Barbara Avenue
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Residential Income
Zoning
R-8M
Units
Unit Mix
2 x 2BR/3.5BA
Multifamily Units
2
Parking per Unit
1
Amenities
Dining Area
No
Yes
7
Electric
3
4
Dryer Hookup,Washer Hookup,In Hall
Wash/Dry Connect,Ceiling Fan(s),Pantry,Walk-in Shower
Public
See Remarks
0.28
0.0
81x138x73x140
Vinyl Siding
Garage Faces Front,Concrete,Garage Door Opener,On Site,Paved,Garage
Slab
3264.0
Building Details
Building Size
3,264 SF
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
Joe Powers Realty
Listed By:
Jaclyn Cook · License #365696
(910) 382-2777
Source:
Hurtrealtyllc
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:36PM
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 Joe Powers Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2026-built duplex contains 3,264 square feet across two residences. Each unit has 2 bedrooms, 3.5 bathrooms, a first-floor bonus room, and a private 1-car garage. The property is zoned R-8M and sits on a 0.28-acre lot.
The property is near Camp Lejeune, shopping, dining, and local amenities.
The property is near Camp Lejeune, shopping, dining, and local amenities.
Key Highlights
- Two‑unit duplex with 3,264 square feet
- Each unit offers 2 bedrooms and 3.5 bathrooms
- First‑floor bonus room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,644
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,880
$652.9K
Cap Rate 7%
$466,343
$466.3K
Cap Rate 9%
$362,711
$362.7K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$49.0K $15.00/SF
− Vacancy
−$2.3K −$0.71/SF
EGI
$46.6K $14.29/SF
− OpEx
−$14.0K −$4.29/SF
NOI
$32.6K $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%
$652,880
Cap Rate 7%
$466,343
Cap Rate 9%
$362,711
Alternative Uses
Best Use
Multifamily LT 5
$466.3K
$408.1K – $544.1K
NOI $32,644 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$423.9K
$370.9K – $494.6K
NOI $29,675 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$709.1K
$620.4K – $827.2K
NOI $49,634 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 28544, NC
4,283
Population
2,311
Households
1.9
Avg Household Size
28
Median Age
18%
College-Educated
85%
High-School Grad
10.6 sq mi
ZIP Area
404
Density / Sq Mi
$49,449
Median Household Income
$29,576
Median Earnings
$1,165
Median Rent
$136,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include a first-floor bonus room and a private garage.
Where is this duplex located?
The property is located at 231 Barbara Avenue Midway Park, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,264 square feet; Each unit offers 2 bedrooms and 3.5 bathrooms; First‑floor bonus room in each residence
