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New Construction Duplex
For Sale
$499,900

302-304 S Miller Ave, Goldsboro, NC 27530

Two three-bedroom residences provide open layouts, updated finishes, and efficient systems for residential income use.

Property Size3,122 SF
Price / SF$160.12
Days on Market76
Rey
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Property Features for 302-304 S Miller Ave

General Information

Standard status Active
Size 3,122 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Additional Details

Highway Access Yes

Building Details

Year Built 2026
Listed By: Hope Tyler Home Team
Source: Hopetylerhometeam
Added: Aug 1 Changed: Oct 2 Last Checked: Oct 14 at 11:10PM

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 Hope Tyler Home Team

Investment Insights

Based on property information with market context.

Located at 302-304 S Miller Ave in Goldsboro, this 2026 duplex contains 3,122 square feet across two residential units. Each residence includes 3 bedrooms and an open-concept living arrangement, with modern finishes, appliances, and efficient building systems throughout.

The property offers convenient access to Raleigh via 70 and is positioned near local amenities. Its two-unit configuration supports a range of residential ownership and occupancy arrangements, including owner use, multigenerational living, or rental operation.

Key Highlights

  • Two‑unit duplex completed in 2026
  • 3,122 square feet across the property
  • Each unit includes 3 bedrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$27,261
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,220 $545.2K
Cap Rate 7%
$389,443 $389.4K
Cap Rate 9%
$302,900 $302.9K
Market Conditions
NOI Build-Up for 3,122 SF
Gross rent
$41.2K $13.20/SF
− Vacancy
−$2.3K −$0.73/SF
EGI
$38.9K $12.47/SF
− OpEx
−$11.7K −$3.74/SF
NOI
$27.3K $8.73/SF
Area
Wayne County, NC
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,220
Cap Rate 7%
$389,443
Cap Rate 9%
$302,900

Alternative Uses

Best Use
Multifamily LT 5
$389.4K
$340.8K – $454.4K (±1% cap)
NOI $27,261 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$363.5K
$318.1K – $424.1K (±1% cap)
NOI $25,447 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M (±1% cap)
NOI $175,699 @ 7.0% cap · market cap 35.15%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

214
Businesses Nearby

Demographics for 27530, NC

37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom residences provide open layouts, updated finishes, and efficient systems for residential income use.
Where is this duplex located?
The property is located at 302-304 S Miller Ave Goldsboro, NC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 3,122 square feet across the property; Each unit includes 3 bedrooms
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