Renovated Duplex with
For Sale
$229,900
Pending
707 S Randolph St, Goldsboro, NC 27530
Two residential units offer separate access, refreshed mechanical systems, and one recently renovated interior.
Property Size1,736 SF
Days on Market197
Property Features for 707 S Randolph St
General Information
Standard status
Pending
Size
1,736 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
Wilkins & Lancaster Realty, LLC
Listed By:
Riley Wilkins · License #285525
(919) 922-7530
Source:
Coastalrealtyassociates
Added: Apr 19
Changed: Nov 1
Last Checked: Nov 1 at 5:48AM
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 Wilkins & Lancaster Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each measuring approximately 870 square feet with two bedrooms and one bathroom. Separate driveways serve the units, providing dedicated vehicle access. Unit 707 has undergone recent renovation, while HVAC systems serving both units were replaced in 2015. The roof was fully replaced in 2022.
The property is located at 707 S Randolph St in Goldsboro, North Carolina. Constructed in 1957, the 1,736-square-foot building provides a two-unit residential configuration with established site improvements and updated major components.
The property is located at 707 S Randolph St in Goldsboro, North Carolina. Constructed in 1957, the 1,736-square-foot building provides a two-unit residential configuration with established site improvements and updated major components.
Key Highlights
- Two‑unit duplex totaling 1,736 square feet
- Each unit is approximately 870 SqFt with 2 bedrooms and 1 bathroom
- Separate dedicated driveway for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,158
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,160
$303.2K
Cap Rate 7%
$216,543
$216.5K
Cap Rate 9%
$168,422
$168.4K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$22.9K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$21.7K $12.47/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.2K $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%
$303,160
Cap Rate 7%
$216,543
Cap Rate 9%
$168,422
Alternative Uses
Best Use
Multifamily LT 5
$216.5K
$189.5K – $252.6K
NOI $15,158 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$202.1K
$176.9K – $235.8K
NOI $14,150 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,698 @ 7.0% cap · market cap 42.50%
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
72
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate access, refreshed mechanical systems, and one recently renovated interior.
Where is this duplex located?
The property is located at 707 S Randolph St Goldsboro, NC.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,736 square feet; Each unit is approximately 870 SqFt with 2 bedrooms and 1 bathroom; Separate dedicated driveway for each unit
