Well-Maintained Duplex
411 W Raleigh Street Siler City, NC 27344
411 W Raleigh Street, Siler City, NC, 27344
$259,000
Pending
For Sale
$259,000
Pending
Two-unit duplex with updated interiors, including a two-bedroom unit and a one-bedroom unit for rental or owner-occupancy.
Property Size1,877 SF
Days on Market195
Property Features for 411 W Raleigh Street
General Information
- Standard status
- Pending
- Size
- 1,877 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1949
Listing agency
Harris Realty & Auction
(919) 742-3286
Listed by
Scott Harris · License #159569
(919) 498-4077
Source
Xome
Added: Jan 8 Updated: Jul 22 at 9:54AM Checked: Jul 22 at 9:54AM
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 Harris Realty & Auction
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate living units with interior updates. Unit #1 features two bedrooms, an updated kitchen, a living room and dining area, along with fresh interior paint and new flooring in the kitchen, bathroom, and bedrooms. Unit #2 includes one bedroom, a combined living/dining area, and a full kitchen.
Located at 411 W Raleigh Street in Siler City, the property is described as being within walking distance to shopping and local amenities. The public remarks also note proximity to major employers, including approximately 17 miles to the Toyota Battery Manufacturing Plant in Liberty, NC, and approximately 5 miles to the Wolfspeed Silicon Carbide Chip Plant.
The layout provides flexibility for an owner-occupant to live in one unit while renting the other, or for investors seeking a duplex with two income-producing residences.
Located at 411 W Raleigh Street in Siler City, the property is described as being within walking distance to shopping and local amenities. The public remarks also note proximity to major employers, including approximately 17 miles to the Toyota Battery Manufacturing Plant in Liberty, NC, and approximately 5 miles to the Wolfspeed Silicon Carbide Chip Plant.
The layout provides flexibility for an owner-occupant to live in one unit while renting the other, or for investors seeking a duplex with two income-producing residences.
Key Highlights
- Duplex built in 1949 with two units: a 2‑bedroom unit and a 1‑bedroom unit
- Unit #1 has an updated kitchen, living room, dining area, fresh interior paint, and new flooring in the kitchen, bathroom, and bedrooms
- Unit #2 offers 1 bedroom with a combined living/dining area and a full kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $13.80 |
| − Vacancy | −$2.9k | −$1.53 |
| EGI | $23.0k | $12.27 |
| − OpEx | −$6.9k | −$3.68 |
| NOI | $16.1k | $8.59 |
1,877 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.5K – $268.6K
NOI $16,117 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$203.1K
$177.8K – $237.0K
NOI $14,220 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$606.1K
$530.3K – $707.1K
NOI $42,427 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with updated interiors, including a two-bedroom unit and a one-bedroom unit for rental or owner-occupancy.
Where is this duplex located?
The property is located at 411 W Raleigh Street Siler City, NC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex built in 1949 with two units: a 2‑bedroom unit and a 1‑bedroom unit; Unit #1 has an updated kitchen, living room, dining area, fresh interior paint, and new flooring in the kitchen, bathroom, and bedrooms; Unit #2 offers 1 bedroom with a combined living/dining area and a full kitchen
