Two-Unit Duplex with
For Sale
$499,000
711 Tallman Circle, Midway Park, NC 28544
Residential Income, Midway Park, NC
Property Size2,324 SF
Lot Size0.25 Acres
Price / SF$214.72
Days on Market141
Property Features for 711 Tallman Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-5
Bedrooms
4
Bathrooms
7
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 6, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 7, Bathroom 8
Parking
2
Parking features
Garage, Off Street, Open
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Ceiling Fan(s), Pantry, Walk-in Shower, Blinds/Shades
Appliances
Electric Oven, Built-In Microwave, Refrigerator, Dishwasher
Elementary school
Hunters Creek
Middle school
Swansboro
High school
Swansboro
High school district
Onslow
Directions
Hwy 24 toward Hubert left on Tallman Circle property on left
Standard status
Active
APN
1116d-64.1
Size
2,324 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
L1 BRAD COOK
Legal Description
L1 BRAD COOK
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Heat Pump, Ceiling Fan(s)
Building Details
Year built
2025
Floors in Building
3
Number of units
2
Flooring type
Tile
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Joe Powers Realty
(910) 934-0339
Listed By:
Jaclyn Cook · License #365696
(910) 382-2777
Added: May 18
Changed: Sep 12
Last Checked: Oct 5 at 12:06PM
MLS# 100574885
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.
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two separate residential units within a 2324-square-foot property on 0.25 acres. Each unit includes 2 bedrooms, 3.5 bathrooms, a first-floor bonus room, and a private 1-car garage. Interior features include tile flooring, pantry storage, walk-in showers, ceiling fans, and washer/dryer connections. Each residence also includes an electric oven, built-in microwave, refrigerator, and dishwasher.
The property is located in Midway Park, near Camp Lejeune, shopping, dining, and local amenities. RM-5 zoning supports the property’s residential configuration. Additional features include vinyl siding, wood-frame construction, shingle roofing, porches, open and off-street parking, heat-pump heating, and multiple cooling options.
The property is located in Midway Park, near Camp Lejeune, shopping, dining, and local amenities. RM-5 zoning supports the property’s residential configuration. Additional features include vinyl siding, wood-frame construction, shingle roofing, porches, open and off-street parking, heat-pump heating, and multiple cooling options.
Key Highlights
- Two‑unit duplex completed in 2025
- 2324 square feet on 0.25 acres
- Each unit has 2 bedrooms and 3.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,243
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,860
$464.9K
Cap Rate 7%
$332,043
$332.0K
Cap Rate 9%
$258,256
$258.3K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$34.9K $15.00/SF
− Vacancy
−$1.7K −$0.71/SF
EGI
$33.2K $14.29/SF
− OpEx
−$10.0K −$4.29/SF
NOI
$23.2K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,860
Cap Rate 7%
$332,043
Cap Rate 9%
$258,256
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.4K
NOI $23,243 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.2K
NOI $21,129 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 28544, NC
4,283
Population
2,311
Households
1.9
Avg Household Size
28
Median Age
18%
College-Educated
85%
High-School Grad
10.6 sq mi
ZIP Area
404
Density / Sq Mi
$49,449
Median Household Income
$29,576
Median Earnings
$1,165
Median Rent
$136,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with bonus rooms, private garages, and RM-5 zoning for flexible residential use.
Where is this duplex located?
The property is located at 711 Tallman Circle Midway Park, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2025; 2324 square feet on 0.25 acres; Each unit has 2 bedrooms and 3.5 bathrooms
