Occupied Residential Income
For Sale
$127,500
231 Easy St, Jacksonville, NC 28546
The two-bedroom, two-bathroom unit is occupied and has rental income in place.
Property Size891 SF
Price / SF$143.10
Days on Market10
Property Features for 231 Easy St
General Information
Standard status
Active
Size
891 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1988
Listing Agency:
Seabird Realty
Listed By:
Emily McAllister
(252) 355-6000
Source:
Emilysellsgreenvillenc
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 23 at 6:39AM
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 Seabird Realty
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Investment Insights
Based on property information with market context.
This residential income property is an occupied unit with two bedrooms and two full bathrooms. It was built in 1988, and rental income is in place. The neighboring unit is also available for purchase, offering the option to acquire both units.
The property is in Jacksonville near Piney Green Road, Jacksonville Country Club, and Western Boulevard.
The property is in Jacksonville near Piney Green Road, Jacksonville Country Club, and Western Boulevard.
Key Highlights
- Two bedrooms and two full bathrooms
- Currently occupied with rental income in place
- Option to purchase the neighboring unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,101
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,020
$162.0K
Cap Rate 7%
$115,729
$115.7K
Cap Rate 9%
$90,011
$90.0K
Market Conditions
NOI Build-Up for 891 SF
Gross rent
$15.5K $17.40/SF
− Vacancy
−$775 −$0.87/SF
EGI
$14.7K $16.53/SF
− OpEx
−$6.6K −$7.44/SF
NOI
$8.1K $9.09/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,020
Cap Rate 7%
$115,729
Cap Rate 9%
$90,011
Alternative Uses
Best Use
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,101 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bathroom unit is occupied and has rental income in place.
Where is this residential income property located?
The property is located at 231 Easy St Jacksonville, NC.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Currently occupied with rental income in place; Option to purchase the neighboring unit
