Two-Unit Duplex with Accessory
New
For Sale
$209,900
2801 Jefferson Dr Unit A & B, Greenville, NC 27858
Separate electrical meters serve a three-bedroom main residence and an upstairs one-bedroom apartment.
Property Size1,602 SF
Price / SF$131.02
Days on Market4
Property Features for 2801 Jefferson Dr Unit A & B
General Information
Standard status
Active
Size
1,602 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
rear deck
fenced yard
front porch
washer & dryer hookups
Building Details
Year Built
1956
Stories
2
Listing Agency:
RAMSEY SMITH GROUP
Listed By:
TODD RAMSEY · License #118600
(252) 916-2151
Source:
Yournorthcarolinahomesource
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:35AM
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 RAMSEY SMITH GROUP
Investment Insights
Based on property information with market context.
This duplex pairs a three-bedroom, one-bathroom main residence on the first level with a one-bedroom, one-bathroom accessory apartment above the tandem garage. The main unit includes a living room, kitchen, front porch, rear deck, fenced yard, and washer and dryer hookups in the garage. The upper unit has its own living room and kitchen, a front porch, and two separate entrances. The property was built in 1956 and contains 1,602 heated square feet.
The units have separate electrical meters. The owner currently pays for water and sewer. The property is off Tenth Street and within one mile of East Carolina University, in Greenville’s Colonial Heights area.
The units have separate electrical meters. The owner currently pays for water and sewer. The property is off Tenth Street and within one mile of East Carolina University, in Greenville’s Colonial Heights area.
Key Highlights
- 1,602 heated square feet across two units
- Main residence has 3 bedrooms, 1 full bathroom, and a tandem two‑car garage
- Upstairs accessory apartment has 1 bedroom, 1 full bathroom, and two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,695
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,900
$213.9K
Cap Rate 7%
$152,786
$152.8K
Cap Rate 9%
$118,833
$118.8K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$16.3K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$15.3K $9.54/SF
− OpEx
−$4.6K −$2.86/SF
NOI
$10.7K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,900
Cap Rate 7%
$152,786
Cap Rate 9%
$118,833
Alternative Uses
Best Use
Multifamily LT 5
$152.8K
$133.7K – $178.3K
NOI $10,695 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$142.3K
$124.5K – $166.0K
NOI $9,960 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$348.7K
$305.1K – $406.9K
NOI $24,411 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters serve a three-bedroom main residence and an upstairs one-bedroom apartment.
Where is this duplex located?
The property is located at 2801 Jefferson Dr Unit A & B Greenville, NC.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,602 heated square feet across two units; Main residence has 3 bedrooms, 1 full bathroom, and a tandem two‑car garage; Upstairs accessory apartment has 1 bedroom, 1 full bathroom, and two separate entrances
