Townhome-Style
New
For Sale
$475,000
512 W Second Street, Clayton, NC 27520
Residential Income, Clayton, NC
Property Size3,020 SF
Lot Size0.26 Acres
Price / SF$157.28
Days on Market3
Property Features for 512 W Second Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 6, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 5
Parking features
Off Street, Driveway
Subdivision
Not in a Subdivision
Standard status
Active
APN
165916-84-7504
Size
3,020 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3463
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Added: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 10200545
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.
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Investment Insights
Based on property information with market context.
Built in 2007, this two-unit property contains 3,020 square feet across two townhome-style residences. Each unit has three bedrooms and 2.5 bathrooms; one is occupied, while the other is vacant. The 0.26-acre parcel includes driveway and off-street parking. Public water and sewer serve the property, which has vinyl siding, central air, and electric central heat.
The property is within walking distance of Clayton High School and downtown Clayton’s Main Street, where shops, restaurants, and community amenities are located. Commuting routes connect Clayton with Raleigh and the surrounding Triangle region.
The property is within walking distance of Clayton High School and downtown Clayton’s Main Street, where shops, restaurants, and community amenities are located. Commuting routes connect Clayton with Raleigh and the surrounding Triangle region.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 3,020 square feet of building area on a 0.26‑acre lot
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,776
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,520
$615.5K
Cap Rate 7%
$439,657
$439.7K
Cap Rate 9%
$341,956
$342.0K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$46.4K $15.36/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$44.0K $14.56/SF
− OpEx
−$13.2K −$4.37/SF
NOI
$30.8K $10.19/SF
Area
Johnston County, NC
Vacancy
5.22%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,520
Cap Rate 7%
$439,657
Cap Rate 9%
$341,956
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.7K – $512.9K
NOI $30,776 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.6K
NOI $26,558 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$913.6K
$799.4K – $1.07M
NOI $63,953 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
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Business Placement
Demographics for 27520, NC
46,478
Population
18,540
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
70.8 sq mi
ZIP Area
656
Density / Sq Mi
$84,545
Median Household Income
$45,147
Median Earnings
$1,430
Median Rent
$282,200
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 - Both residences have three-bedroom layouts, with one currently vacant and the other occupied.
Where is this duplex located?
The property is located at 512 W Second Street Clayton, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; 3,020 square feet of building area on a 0.26‑acre lot; Built in 2007
