Updated Duplex with Two
For Sale
$168,000
2316 Edgar St, Fayetteville, NC 28301
Both residences are occupied and provide two bedrooms and one bathroom per side.
Property Size1,500 SF
Price / SF$112
Days on Market49
Property Features for 2316 Edgar St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$855
Public Transit
Yes
Building Details
Year Built
1973
Listed By:
Carolina Collective Realty
(919) 782-4503
Source:
Carolinacollectiverealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 Carolina Collective 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.
The property at 2316 Edgar St is a duplex with 1,500 square feet and two separate residences. Each side includes 2 bedrooms and 1 bathroom. Built in 1973, the property has been redone and updated, with tenants currently occupying both units.
The Fayetteville address places the duplex near Fayetteville State University, shopping centers, dining options, and transit access. The existing occupancy and two-unit layout provide an established residential income configuration for an owner seeking a multifamily property.
The Fayetteville address places the duplex near Fayetteville State University, shopping centers, dining options, and transit access. The existing occupancy and two-unit layout provide an established residential income configuration for an owner seeking a multifamily property.
Key Highlights
- Two‑unit duplex with 1,500 square feet
- 2 bedrooms and 1 bathroom per side
- Both units are fully rented with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,692
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
$273.8K
Cap Rate 7%
$195,600
$195.6K
Cap Rate 9%
$152,133
$152.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.6K $13.04/SF
− OpEx
−$5.9K −$3.91/SF
NOI
$13.7K $9.13/SF
Area
Fayetteville, NC
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
Cap Rate 7%
$195,600
Cap Rate 9%
$152,133
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$179.9K
$157.4K – $209.8K
NOI $12,590 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 13.70%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
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 are occupied and provide two bedrooms and one bathroom per side.
Where is this duplex located?
The property is located at 2316 Edgar St Fayetteville, NC.
What is the asking price?
The asking price for this property is $168,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,500 square feet; 2 bedrooms and 1 bathroom per side; Both units are fully rented with tenants in place
