Duplex with Private
For Sale
$400,000
309-311 Rocky Street, Rocky Mount, NC 27803
Two three-bedroom residences feature open layouts, contemporary finishes, and efficient systems and appliances.
Property Size2,568 SF
Price / SF$155.76
Days on Market277
Property Features for 309-311 Rocky Street
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$76
Building Details
Building Size
2,568 SF
Year Built
2026
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Hunter Cutright · License #293884
(919) 737-5990
Source:
Whyrealtygroup
Added: Jan 30
Changed: Nov 1
Last Checked: Nov 1 at 3:43PM
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 EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences, each with three bedrooms and a one-car garage. Open-concept interiors are paired with contemporary finishes, efficient systems, and appliances. The property offers a two-unit configuration in a recently constructed building.
Highways, local amenities, a hospital, and the local airport are accessible nearby, with amenities described as within walking distance.
Highways, local amenities, a hospital, and the local airport are accessible nearby, with amenities described as within walking distance.
Key Highlights
- Two‑unit duplex built in 2026
- Each residence has 3 bedrooms and a 1‑car garage
- Open‑concept floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,574
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,480
$511.5K
Cap Rate 7%
$365,343
$365.3K
Cap Rate 9%
$284,156
$284.2K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$39.1K $15.24/SF
− Vacancy
−$2.6K −$1.01/SF
EGI
$36.5K $14.23/SF
− OpEx
−$11.0K −$4.27/SF
NOI
$25.6K $9.96/SF
Area
Nash County, NC
Vacancy
6.65%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,480
Cap Rate 7%
$365,343
Cap Rate 9%
$284,156
Alternative Uses
Best Use
Multifamily LT 5
$365.3K
$319.7K – $426.2K
NOI $25,574 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$324.3K
$283.7K – $378.3K
NOI $22,698 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$846.7K
$740.8K – $987.8K
NOI $59,266 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 27803, NC
20,882
Population
10,079
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
41.9 sq mi
ZIP Area
498
Density / Sq Mi
$59,647
Median Household Income
$38,154
Median Earnings
$889
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature open layouts, contemporary finishes, and efficient systems and appliances.
Where is this duplex located?
The property is located at 309-311 Rocky Street Rocky Mount, NC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; Each residence has 3 bedrooms and a 1‑car garage; Open‑concept floor plans
