Brick Duplex with Updated
For Sale
$172,000
334 Rhew St, Fayetteville, NC 28303
Fully occupied two-unit property with compact layouts and recent interior improvements.
Property Size1,300 SF
Price / SF$132.31
Days on Market50
Property Features for 334 Rhew St
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1959
Construction
brick
Listing Agency:
Highgarden Real Estate NC
Listed By:
Ashley Hum · License #285338
(919) 616-5492
Source:
Tcrnc
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 7 at 3:44PM
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 Highgarden Real Estate NC
Investment Insights
Based on property information with market context.
Built in 1959, this brick duplex contains 1,300 square feet and is configured as two separate residential units. Each unit offers one bedroom, one bathroom, and functional living areas suited to efficient occupancy and management. Interior improvements and cosmetic updates have been completed in both units in recent years.
The property is fully occupied by long-term tenants and is located at 334 Rhew St in Fayetteville, North Carolina. Its brick exterior provides a durable building envelope, while the two-unit configuration creates a straightforward multifamily ownership structure.
The property is fully occupied by long-term tenants and is located at 334 Rhew St in Fayetteville, North Carolina. Its brick exterior provides a durable building envelope, while the two-unit configuration creates a straightforward multifamily ownership structure.
Key Highlights
- Two‑unit duplex with 1,300 square feet
- Each unit includes 1 bedroom and 1 bathroom
- Brick exterior construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,866
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,320
$237.3K
Cap Rate 7%
$169,514
$169.5K
Cap Rate 9%
$131,844
$131.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$17.9K $13.80/SF
− Vacancy
−$988 −$0.76/SF
EGI
$17.0K $13.04/SF
− OpEx
−$5.1K −$3.91/SF
NOI
$11.9K $9.13/SF
Area
Fayetteville, NC
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,320
Cap Rate 7%
$169,514
Cap Rate 9%
$131,844
Alternative Uses
Best Use
Multifamily LT 5
$169.5K
$148.3K – $197.8K
NOI $11,866 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$155.9K
$136.4K – $181.9K
NOI $10,911 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$284.9K
$249.3K – $332.4K
NOI $19,943 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with compact layouts and recent interior improvements.
Where is this duplex located?
The property is located at 334 Rhew St Fayetteville, NC.
What is the asking price?
The asking price for this property is $172,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,300 square feet; Each unit includes 1 bedroom and 1 bathroom; Brick exterior construction
