Duplex With Three-Bedroom
New
For Sale
$475,000
512 W Second Street, Clayton, NC 27520
Both residences have townhome-style layouts and are within walking distance of downtown Clayton and Clayton High School.
Property Size3,020 SF
Price / SF$157.28
Days on Market6
Property Features for 512 W Second Street
General Information
Standard status
Active
Size
3,020 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,463
Building Details
Year Built
2007
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Source:
Exprealty
Added: Oct 28
Changed: Oct 31
Last Checked: Nov 1 at 9:38AM
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 Deaton Investment Real Estate
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Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two townhome-style residences, each with three bedrooms, 2.5 bathrooms, and approximately 1,510 square feet of living space. The property totals 3,020 square feet. One unit is vacant, while the other is occupied, providing a mix of available and in-place occupancy.
Clayton High School and downtown Clayton’s Main Street are within walking distance. Main Street includes local shops, restaurants, and community amenities. Major commuting routes connect Clayton with Raleigh and the surrounding Triangle region.
Clayton High School and downtown Clayton’s Main Street are within walking distance. Main Street includes local shops, restaurants, and community amenities. Major commuting routes connect Clayton with Raleigh and the surrounding Triangle region.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Approximately 1,510 square feet per unit; 3,020 square feet total
- 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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
774
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 townhome-style layouts and are within walking distance of downtown Clayton and Clayton High School.
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; Approximately 1,510 square feet per unit; 3,020 square feet total; Built in 2007
