Renovated Duplex with Newer
For Sale
$519,500
4604 Lavista Court, Raleigh, NC 27616
Two leased units with updated interiors and access to major Raleigh-area routes.
Property Size2,050 SF
Days on Market53
Property Features for 4604 Lavista Court
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Average Monthly Rent
$1,325
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,574
Building Details
Building Size
2,050 SF
Year Built
1980
Listing Agency:
1st Choice Realty of Triangle
Listed By:
Todd Averette · License #278256
(919) 475-8310
Source:
Dustinbennett
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 21 at 5:21AM
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 1st Choice Realty of Triangle
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two well-maintained residential units, providing an established income-producing configuration. One unit has new carpet, while the other has undergone a full renovation. Both units are currently leased, supporting immediate occupancy continuity for a purchaser.
The property sits at the end of a cul-de-sac near I-540, Hwy 401, and the Triangle Town Center area. A replacement roof completed in 2020 adds a recent major improvement to the property’s physical profile.
The property sits at the end of a cul-de-sac near I-540, Hwy 401, and the Triangle Town Center area. A replacement roof completed in 2020 adds a recent major improvement to the property’s physical profile.
Key Highlights
- Two‑unit duplex with both residences currently leased
- Unit A features fresh new carpet
- Unit B has been fully renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,671
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,420
$473.4K
Cap Rate 7%
$338,157
$338.2K
Cap Rate 9%
$263,011
$263.0K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$35.7K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$33.8K $16.50/SF
− OpEx
−$10.1K −$4.95/SF
NOI
$23.7K $11.55/SF
Area
ZIP 27616
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,420
Cap Rate 7%
$338,157
Cap Rate 9%
$263,011
Alternative Uses
Best Use
Multifamily LT 5
$338.2K
$295.9K – $394.5K
NOI $23,671 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$299.8K
$262.3K – $349.8K
NOI $20,985 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$585.3K
$512.2K – $682.9K
NOI $40,973 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
Demographics for 27616, NC
56,941
Population
24,282
Households
2.3
Avg Household Size
34
Median Age
43%
College-Educated
91%
High-School Grad
22.5 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,534
Median Household Income
$41,601
Median Earnings
$1,514
Median Rent
$314,800
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 - Two leased units with updated interiors and access to major Raleigh-area routes.
Where is this duplex located?
The property is located at 4604 Lavista Court Raleigh, NC.
What is the asking price?
The asking price for this property is $519,500.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently leased; Unit A features fresh new carpet; Unit B has been fully renovated
