Two-Unit Townhome-Style
2759 Milburnie Road A & B, Raleigh, NC 27610
For Sale
$549,900
Pending
One residence is leased; the other is vacant and available for occupancy or a new tenancy.
Property Size2,506 SF
Lot Size0.39 Acres
Days on Market32
Property Features for 2759 Milburnie Road A & B
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
covered front entry
fenced rear yard
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Griffin Associates REALTORS
Listed By:
Ezequiel Espitia
Source:
Mundraresidential
Added: Oct 14
Changed: Nov 11
Last Checked: Nov 13 at 9:54AM
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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Investment Insights
Based on property information with market context.
Completed in 2018, this duplex contains 2,506 square feet across two attached, two-story townhome-style residences. Each unit has three bedrooms and 2.5 bathrooms, with bedrooms upstairs and a half bath on the main level. Covered front entries and fenced rear yards serve the units. The 0.39-acre parcel includes parking for two vehicles per unit and has no HOA. Unit B is leased, while Unit A is vacant.
The property is about 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 is about 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 total
- Two townhome‑style units, each approximately 1,253 sq ft
- Each unit has 3 bedrooms and 2.5 bathrooms
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
1,589
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
$260,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Raleigh, NC
Properties on Market for Duplexes in Raleigh
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased; the other is vacant and available for occupancy or a new tenancy.
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 total; Two townhome‑style units, each approximately 1,253 sq ft; Each unit has 3 bedrooms and 2.5 bathrooms
