Two-Unit Duplex with
New
For Sale
$650,000
375 & 377 Talbert Rd, Mooresville, NC 28117
Separate kitchens and varied bedroom layouts support independent living in each residence.
Property Size3,125 SF
Price / SF$208
Days on Market5
Property Features for 375 & 377 Talbert Rd
General Information
Standard status
Active
Size
3,125 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
garage
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Ally Plus Realty LLC
Listed By:
Cassidy Davis realtorcassidy@yahoo.com
Source:
Judy.lakenormanhomeguide
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:47PM
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 Ally Plus Realty LLC
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Investment Insights
Based on property information with market context.
This Mooresville duplex contains two residences with a combined 3,125 square feet. The larger unit has three bedrooms and three full bathrooms, including two primary bedrooms; the second has two bedrooms, one full bathroom, and one half bath. Both residences have their own kitchens. A garage includes a ramp, and an easy-access shower with built-in grab bars is also present.
Built in 1974, the property is near I-77, shopping, dining, and everyday amenities. The combined layout provides distinct living spaces within one duplex.
Built in 1974, the property is near I-77, shopping, dining, and everyday amenities. The combined layout provides distinct living spaces within one duplex.
Key Highlights
- Two residences totaling 3,125 square feet
- Larger unit has 3 bedrooms, 3 full bathrooms, and 2 primary bedrooms
- Second unit has 2 bedrooms, 1 full bathroom, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,754
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,080
$615.1K
Cap Rate 7%
$439,343
$439.3K
Cap Rate 9%
$341,711
$341.7K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$46.1K $14.76/SF
− Vacancy
−$2.2K −$0.70/SF
EGI
$43.9K $14.06/SF
− OpEx
−$13.2K −$4.22/SF
NOI
$30.8K $9.84/SF
Area
Iredell County, NC
Vacancy
4.75%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,080
Cap Rate 7%
$439,343
Cap Rate 9%
$341,711
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.6K
NOI $30,754 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$405.9K
$355.1K – $473.5K
NOI $28,411 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
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Business Placement
Demographics for 28117, NC
46,917
Population
21,528
Households
2.2
Avg Household Size
42
Median Age
55%
College-Educated
98%
High-School Grad
39.1 sq mi
ZIP Area
1,200
Density / Sq Mi
$109,310
Median Household Income
$53,706
Median Earnings
$1,593
Median Rent
$567,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and varied bedroom layouts support independent living in each residence.
Where is this duplex located?
The property is located at 375 & 377 Talbert Rd Mooresville, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residences totaling 3,125 square feet; Larger unit has 3 bedrooms, 3 full bathrooms, and 2 primary bedrooms; Second unit has 2 bedrooms, 1 full bathroom, and 1 half bath
