Modern Duplex with Contemporary
For Sale
$387,900
705 E Spruce St, Goldsboro, NC 27530
Two-unit residential property with current renters, efficient layouts, and energy-conscious features in a newer construction setting.
Property Size2,594 SF
Price / SF$149.54
Days on Market80
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Property Features for 705 E Spruce St
General Information
Standard status
Active
Size
2,594 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Movil Realty
Listed By:
Leo Murphy · License #354194
(919) 908-8000
Source:
Findnorthcarolinaproperties
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 14 at 11:14PM
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 Movil Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residential units with contemporary finishes, efficient floor plans, and low-maintenance construction. The property includes updated systems and energy-efficient features associated with its newer build. Renters are currently in place, supporting immediate rental use, while the two-unit configuration also accommodates an owner-occupant arrangement with one unit rented separately.
Located at 705 E Spruce St in Goldsboro, North Carolina, the property is situated on a quiet street. The offering is identified as FHA- and VA-eligible, and the sister property at 208 S Leslie is also available for purchase for buyers considering ownership of both assets.
Located at 705 E Spruce St in Goldsboro, North Carolina, the property is situated on a quiet street. The offering is identified as FHA- and VA-eligible, and the sister property at 208 S Leslie is also available for purchase for buyers considering ownership of both assets.
Key Highlights
- 2025 construction with 2 residential units
- 2,594 property size
- Renters currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,650
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,000
$453.0K
Cap Rate 7%
$323,571
$323.6K
Cap Rate 9%
$251,667
$251.7K
Market Conditions
NOI Build-Up for 2,594 SF
Gross rent
$34.2K $13.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$32.4K $12.47/SF
− OpEx
−$9.7K −$3.74/SF
NOI
$22.7K $8.73/SF
Area
Wayne County, NC
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,000
Cap Rate 7%
$323,571
Cap Rate 9%
$251,667
Alternative Uses
Best Use
Multifamily LT 5
$323.6K
$283.1K – $377.5K
NOI $22,650 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$302.1K
$264.3K – $352.4K
NOI $21,144 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$2.09M
$1.82M – $2.43M
NOI $145,984 @ 7.0% cap · market cap 37.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 27530, NC
37,470
Population
17,796
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
89%
High-School Grad
106.5 sq mi
ZIP Area
352
Density / Sq Mi
$55,507
Median Household Income
$37,696
Median Earnings
$827
Median Rent
$176,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with current renters, efficient layouts, and energy-conscious features in a newer construction setting.
Where is this duplex located?
The property is located at 705 E Spruce St Goldsboro, NC.
What is the asking price?
The asking price for this property is $387,900.
What are key features of this property?
This property features: 2025 construction with 2 residential units; 2,594 property size; Renters currently in place
