Duplex with Townhome-Style
For Sale
$549,900
2759 Milburnie Road #A & B, Raleigh, NC 27610
Two-story residences offer three bedrooms upstairs, a main-level half bath, covered entries, and fenced rear yards.
Property Size2,506 SF
Lot Size0.39 Acres
Price / SF$219.43
Days on Market20
Property Features for 2759 Milburnie Road #A & B
General Information
Standard status
Active
Size
2,506 SF
Total Parking Spaces
4
Lot size
0.39 Acres
Property subtype
Residential Income
Zoning
R-6
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Gross Income
$22,200
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,252
Amenities
covered front entry
fenced rear yard
Storage
Building Details
Building Size
2,506 SF
Year Built
2018
Buildings
1
Stories
2
Construction
townhome-style
Tenancy
Single
Listing Agency:
Griffin Associates REALTORS
(919) 383-2595
Listed By:
Ezequiel Espitia
(919) 423-5685
Source:
Andreamthomas
Added: Oct 14
Changed: Oct 31
Last Checked: Oct 31 at 2:33PM
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 Griffin Associates REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2018, this Raleigh duplex contains two townhome-style residences, each with 3 bedrooms and 2.5 bathrooms across two stories. The bedrooms are upstairs, while a half bath serves the main floor. Each side also has a covered front entry and fenced rear yard. Combined, the units provide 2,506 square feet on a 0.39-acre lot, with R-6 zoning and four on-site parking spaces. One unit is leased and the other is vacant. There is no HOA, and tenants pay water and sewer, electric, and internet.
The property at 2759 Milburnie Road is approximately half a mile from WakeMed Raleigh Campus, less than 1 mile from I-440, and 2.5 miles from Downtown Raleigh. The New Bern Avenue Bus Rapid Transit corridor is under construction nearby.
The property at 2759 Milburnie Road is approximately half a mile from WakeMed Raleigh Campus, less than 1 mile from I-440, and 2.5 miles from Downtown Raleigh. The New Bern Avenue Bus Rapid Transit corridor is under construction nearby.
Key Highlights
- 2018‑built duplex with 2,506 square feet across two units
- Each residence has 3 bedrooms, 2.5 bathrooms, and two stories
- 0.39‑acre lot with R‑6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,936
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,720
$578.7K
Cap Rate 7%
$413,371
$413.4K
Cap Rate 9%
$321,511
$321.5K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$43.6K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$41.3K $16.50/SF
− OpEx
−$12.4K −$4.95/SF
NOI
$28.9K $11.55/SF
Area
ZIP 27610
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,720
Cap Rate 7%
$413,371
Cap Rate 9%
$321,511
Alternative Uses
Best Use
Multifamily LT 5
$413.4K
$361.7K – $482.3K
NOI $28,936 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$371.1K
$324.8K – $433.0K
NOI $25,980 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$734.6K
$642.8K – $857.1K
NOI $51,423 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residences offer three bedrooms upstairs, a main-level half bath, covered entries, and fenced rear yards.
Where is this duplex located?
The property is located at 2759 Milburnie Road #A & B Raleigh, NC.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2018‑built duplex with 2,506 square feet across two units; Each residence has 3 bedrooms, 2.5 bathrooms, and two stories; 0.39‑acre lot with R‑6 zoning
