Two-Unit Duplex with Private
New
For Sale
$420,000
640 Charles Street, Clayton, NC 27520
Residential Income, Clayton, NC
Property Size1,864 SF
Lot Size0.23 Acres
Price / SF$225.32
Days on Market1
Property Features for 640 Charles Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 4, Dining Room, Bedroom 4, Bathroom 2, Bedroom 1
Parking
4
Interior features
Bathtub/Shower Combination, Ceiling Fan(s), Kitchen/Dining Room Combination, Pantry
Exterior features
Private Entrance, Storage
Appliances
Dishwasher, Electric Range, Free-Standing Refrigerator, Microwave, Washer/Dryer
Subdivision
Candlewood
Standard status
Active
APN
05025013D
Size
1,864 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 32 Candlewood Ph 2 53/158
Tax Annual Amount
3055
Legal Description
Lot 32 Candlewood Ph 2 53/158
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Central Air, Separate Meters, Electric
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Buildings
1
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Aaron Chaney
(910) 742-2179
Added: Nov 2
Last Checked: Nov 2 at 4:06PM
MLS# 10201256
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.
This 1,864-square-foot duplex in Clayton contains two residences, each with two bedrooms, two bathrooms, an eat-in kitchen, a laundry closet, and a vaulted-ceiling living room. Both units have private entrances, separate parking pads, and exterior storage closets off the back patio. LVP flooring runs throughout, and the refrigerators, washers, and dryers convey. The property was built in 2000 and sits on a 0.23-acre lot.
Downtown Clayton’s restaurants, cafes, shopping, and microbreweries are within walking distance. Clayton Municipal Park and the Neuse River Trail are also accessible on foot or by bike. The duplex has public water and sewer service, and there is no HOA.
Downtown Clayton’s restaurants, cafes, shopping, and microbreweries are within walking distance. Clayton Municipal Park and the Neuse River Trail are also accessible on foot or by bike. The duplex has public water and sewer service, and there is no HOA.
Key Highlights
- Two‑unit duplex totaling 1,864 square feet
- Each unit has 2 bedrooms, 2 bathrooms, an eat‑in kitchen, and a laundry closet
- Private entrance and separate parking pad for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,996
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,920
$379.9K
Cap Rate 7%
$271,371
$271.4K
Cap Rate 9%
$211,067
$211.1K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$28.6K $15.36/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$27.1K $14.56/SF
− OpEx
−$8.1K −$4.37/SF
NOI
$19.0K $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%
$379,920
Cap Rate 7%
$271,371
Cap Rate 9%
$211,067
Alternative Uses
Best Use
Multifamily LT 5
$271.4K
$237.5K – $316.6K
NOI $18,996 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$563.9K
$493.4K – $657.9K
NOI $39,473 @ 7.0% cap · market cap 9.40%
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
556
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two bathrooms, laundry, and a separate parking pad.
Where is this duplex located?
The property is located at 640 Charles Street Clayton, NC.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,864 square feet; Each unit has 2 bedrooms, 2 bathrooms, an eat‑in kitchen, and a laundry closet; Private entrance and separate parking pad for each residence
