Boarding House Income
511 Cameron Street Burlington, NC 27215
511 Cameron Street, Burlington, NC, 27215
$199,000
For Sale
$199,000
MULTI_FAMILY - Burlington, NC
Property Size2,255 SF
Lot Size0.19 Acres
Price / SF$88.25
Days on Market384
Property Features for 511 Cameron Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- OI
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen
- Standard status
- Active
- APN
- 135972
- Size
- 2,255 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Cameron St 013-40-10
- Tax Annual Amount
- 896
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Keller Williams Central
(336) 227-4433
2280 S Church Street Suite 206, Burlington, NC
Listed by
Margaret McCann
(336) 516-2001
Added: Jul 2, 2025 Checked: Jul 20 at 6:06 am
MLS# 10107058
Listing URL
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a 5-bedroom, 2-bath boarding house currently operating under that use. The home includes spacious common areas and a flexible layout designed to accommodate its current configuration. In addition, there are permanent stairs that provide access to additional space, which may support storage or other uses depending on an operator’s plans. The property is occupied, and all showings require coordination.
The home is situated on a 0.19-acre lot in Burlington, North Carolina. Zoning is listed as OI. The available information does not specify any additional building details, exterior amenities, or frontage characteristics.
For investors or owner-occupants looking for a residential income asset, the current boarding house setup offers an immediately functioning use. The presence of permanent stairs to additional space provides an extra area that could support storage needs or potential reconfiguration. Since the property is occupied, prospective buyers should plan for appointment-based access and should coordinate with the listing agent prior to visiting.
The home is situated on a 0.19-acre lot in Burlington, North Carolina. Zoning is listed as OI. The available information does not specify any additional building details, exterior amenities, or frontage characteristics.
For investors or owner-occupants looking for a residential income asset, the current boarding house setup offers an immediately functioning use. The presence of permanent stairs to additional space provides an extra area that could support storage needs or potential reconfiguration. Since the property is occupied, prospective buyers should plan for appointment-based access and should coordinate with the listing agent prior to visiting.
Key Highlights
- 5‑bedroom, 2‑bathroom home currently operating as a boarding house
- Eat‑in kitchen with multiple bedrooms and two bathrooms
- Forced air heat with central air cooling and electric heating
Local Financial Insights For Apartment 5plus
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 | $34.6k | $15.36 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $32.6k | $14.44 |
| − OpEx | −$14.7k | −$6.50 |
| NOI | $17.9k | $7.94 |
2,255 SF · lease $15.36/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.0K
$254.6K – $339.5K
NOI $20,367 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$255.8K
$223.8K – $298.5K
NOI $17,907 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$743.5K
$650.5K – $867.4K
NOI $52,043 @ 7.0% cap · market cap 26.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Boarding house-style residence with five bedrooms and two bathrooms, including permanent stairs to additional space.
Where is this quadplex located?
The property is located at 511 Cameron Street Burlington, NC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 5‑bedroom, 2‑bathroom home currently operating as a boarding house; Eat‑in kitchen with multiple bedrooms and two bathrooms; Forced air heat with central air cooling and electric heating
