Duplex Near Military
For Sale
$250,000
304 Starling Street, Jacksonville, NC 28540
MULTI_FAMILY - Jacksonville, NC
Property Size1,637 SF
Lot Size0.39 Acres
Price / SF$152.72
Days on Market214
Property Features for 304 Starling Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Rmf-Hd
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
Appliances
Electric Oven, Refrigerator, Dishwasher
Subdivision
Not In Subdivision
Elementary school
Clyde Erwin
Middle school
Northwoods Park
High school
Jacksonville
High school district
Onslow
Directions
Marine Blvd to Onslow Drive and a right onto starling drive. Property in on the left.
Standard status
Active
APN
426-40.7
Size
1,637 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L14 Bd Onslow Bldg Co
Tax Annual Amount
1300
Legal Description
L14 Bd Onslow Bldg Co
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Advantage Gold Realty
(910) 353-2001
Listed By:
Courtney Knaub · License #317180
(910) 320-1725
Added: Jan 13
Changed: Aug 10
Last Checked: Aug 15 at 7:06AM
MLS# 100549038
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex presents an investor opportunity with flexibility and long-term potential, offering the chance to purchase both sides in one sale. Each unit features a private entrance and functional layout, making it suitable for long-term rentals. The property is conveniently located near Camp Lejeune, New River Air Station, and downtown shopping and amenities. The property is located in Jacksonville, NC, in Onslow County. The lot size is 0.39 acres. The property size is 1637 square feet. The zoning is Rmf-Hd.
Key Highlights
- Duplex built in 1953 with 2 separate units, each with its own private entrance
- Each side offers a functional layout with 4 bedrooms and 2 bathrooms total across the property
- Central air conditioning plus heat pump and electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,440
$327.4K
Cap Rate 7%
$233,886
$233.9K
Cap Rate 9%
$181,911
$181.9K
Market Conditions
NOI Build-Up for 1,637 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.6K $15.00/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$23.4K $14.29/SF
− OpEx
−$7.0K −$4.29/SF
NOI
$16.4K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,440
Cap Rate 7%
$233,886
Cap Rate 9%
$181,911
Alternative Uses
Best Use
Multifamily LT 5
$233.9K
$204.7K – $272.9K
NOI $16,372 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.1K
NOI $14,883 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
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 - Duplex near Camp Lejeune and New River Air Station.
Where is this duplex located?
The property is located at 304 Starling Street Jacksonville, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex built in 1953 with 2 separate units, each with its own private entrance; Each side offers a functional layout with 4 bedrooms and 2 bathrooms total across the property; Central air conditioning plus heat pump and electric heating
