52031 Piney Ridge Road, Frisco, NC 27936
MULTI_FAMILY - Frisco, NC
- Added:
- Apr 3, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 6 at 6:06 pm
Property Features for 52031 Piney Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SED-1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Utility Room, Laundry Room, Bedroom 2, Bathroom 2
- Interior features
- Attic, Bay/Bow Window, Cedar Closet(s), Pantry, Walk in Closet
- Appliances
- Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator, Stackable Washer/Dryer
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 2.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2400
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1989
- Number of units
- 2
- Flooring type
- Carpet, Tile, Tile - Ceramic, Vinyl
- Building materials
- Masonry, Wood
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Susan Ayers License #347205 (888) 875-4218
Listing office Home Zu 3321 Chamblee Dunwoody Rd, Tucker, NC (888) 875-4218
Listing date Apr 3, 2026
Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two separate units totaling 2,600 SF: 1,300 SF upper unit and 1,300 SF lower unit
- 3BR/2BA upstairs unit with a large deck that wraps around the house
- Downstairs unit offers 2 large bedrooms, 1 large bathroom, plus a front porch, patio, and screened‑in back porch with hot tub
- 2.25 acres on the ocean side of Highway 12 with secluded privacy in the woods
- Includes a one‑acre cleared buildable lot adjacent to the property
- Heat pump HVAC with shingle roof; interior features include walk‑in closets, pantry, and cedar closet(s)
Overview
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 | $57.7k | $22.20 |
| − Vacancy | −$2.9k | −$1.11 |
| EGI | $54.8k | $21.09 |
| − OpEx | −$16.5k | −$6.33 |
| NOI | $38.4k | $14.76 |
Alternative Uses
Current Use by Public Records
Map
- City
- Frisco
- County
- Dare
- State
- North Carolina
- Longitude
- -75.6069
- Latitude
- 35.2371
