Building Details

Year Built 2023

Buildings 1

Listing Agency: Stanley Real Estate Services

Listed By: Rob Stanley Show Phone

Source: Searchhomesinnorthcarolina

Added: Aug 5 Changed: Oct 6 Last Checked: Oct 12 at 8:10PM

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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 Stanley Real Estate Services

Investment Insights

Based on property information with market context.

This duplex contains two residential units within 1,723 square feet and was built in 2023. Each unit has two bedrooms, one bathroom, and an open living arrangement. Interior details include granite countertops, shaker-style cabinets, stainless steel appliances, luxury vinyl plank flooring in the primary living areas, and tile flooring in the bathrooms. Vinyl siding provides the exterior finish.

The property is located at 317 E Gilbreath St in Graham, North Carolina. It is being offered for sale and currently provides rental income. The seller prefers a portfolio transaction but will consider an individual sale. Property access is limited until an accepted contract and the due diligence period.

Key Highlights

• 2023‑built duplex with 2 residential units
• 1,723 SF building with two 2‑bedroom, 1‑bath units
• Open floor plans with granite countertops and shaker‑style cabinetry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,562

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,240 $311.2K

Cap Rate 7%

$222,314 $222.3K

Cap Rate 9%

$172,911 $172.9K

Market Conditions

NOI Build-Up for 1,723 SF

Gross rent

$23.8K $13.80/SF

− Vacancy

−$1.5K −$0.90/SF

EGI

$22.2K $12.90/SF

− OpEx

−$6.7K −$3.87/SF

NOI

$15.6K $9.03/SF

Area

Alamance County, NC

Vacancy

6.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,240

Cap Rate 7%

$222,314

Cap Rate 9%

$172,911

Alternative Uses

Best Use

Multifamily LT 5

$222.3K

$194.5K – $259.4K (±1% cap)

NOI $15,562 @ 7.0% cap · market cap 4.79%

Second Best

Apartment 5plus

$195.5K

$171.0K – $228.1K (±1% cap)

NOI $13,683 @ 7.0% cap · market cap 4.21%

Theoretical Best

Office A

$568.1K

$497.1K – $662.8K (±1% cap)

NOI $39,765 @ 7.0% cap · market cap 12.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office HVAC Service Parking Lot & Garage Storage Facility

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

Location Intelligence

Trade Area within ½ mile

737

Businesses Nearby

Explore this area Business Placement

Demographics for 27253, NC

32,010

Population

14,821

Households

2.2

Avg Household Size

41

Median Age

24%

College-Educated

88%

High-School Grad

81.9 sq mi

ZIP Area

391

Density / Sq Mi

$62,020

Median Household Income

$39,307

Median Earnings

$975

Median Rent

$212,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer matching two-bedroom, one-bath layouts with updated interior finishes and vinyl siding.

Where is this duplex located?

The property is located at 317 E Gilbreath St Graham, NC.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 2023‑built duplex with 2 residential units; 1,723 SF building with two 2‑bedroom, 1‑bath units; Open floor plans with granite countertops and shaker‑style cabinetry