642 Cleveland Street, Rocky Mount, NC 27803
- Added:
- Mar 7, 2026
- Days on Market:
- 103
- Last Refresh:
- Jun 18 at 7:06 am
Property Features for 642 Cleveland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential6Ksq
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3
- Patio and Porch features
- Porch
- Standard status
- Pending
- APN
- 375909260067
- Size
- 2,280 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 30 4 17, 1 LT, 12 AYCOCK; 30 4 18, 1 LT, 13 AYCOCK
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Block
- Roof type
- Shingle
Listing agent Billy Gonzalez License #312466 (919) 394-5891
Listing office Alluvium Elite Realty 3 N Main St. STE C, Wendell, NC (919) 394-5891
Listing date Mar 7, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing: Established rental income from four units.
- Investment package: Two adjacent duplexes on separate parcels being sold together.
- Seller financing: Seller financing available.
- Portfolio stability: Ideal for investors seeking reliable cash flow and long‑term portfolio stability.
- Efficient management: Side‑by‑side properties simplify management.
- All units are equipped with central air.
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 | $34.7k | $15.24 |
| − Vacancy | −$2.3k | −$1.01 |
| EGI | $32.4k | $14.23 |
| − OpEx | −$9.7k | −$4.27 |
| NOI | $22.7k | $9.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rocky Mount
- County
- Nash
- State
- North Carolina
- Longitude
- -77.8105
- Latitude
- 35.931709
