Two-Unit Duplex
For Sale
$244,900
714-716 N Church St, Burlington, NC 27217
1942 duplex with one vacant unit and one month-to-month tenant-occupied unit.
Property Size1,620 SF
Price / SF$151.17
Days on Market87
Property Features for 714-716 N Church St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1942
Listing Agency:
COLDWELL BANKER - HP&W
(919) 906-4840
Listed By:
Bryan Guarnieri · License #299470
Source:
Searchhomesinthetriad
Added: Jun 4
Changed: Aug 29
Last Checked: Aug 29 at 11:29AM
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 COLDWELL BANKER - HP&W
Investment Insights
Based on property information with market context.
Located at 714-716 N Church St in Burlington, this duplex contains 1,620 square feet and was built in 1942. The property is configured as two separate units, with one currently vacant and the other occupied by a month-to-month tenant.
The vacant unit became available after its prior lease term ended, while the occupied unit is also operating under a month-to-month arrangement. Showing access requires a letter of intent and proof of funds, along with advance notice.
The vacant unit became available after its prior lease term ended, while the occupied unit is also operating under a month-to-month arrangement. Showing access requires a letter of intent and proof of funds, along with advance notice.
Key Highlights
- Two‑unit duplex at 714‑716 N Church St, Burlington, NC 27217
- 1,620 square feet of building area
- Built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,640
$292.6K
Cap Rate 7%
$209,029
$209.0K
Cap Rate 9%
$162,578
$162.6K
Market Conditions
NOI Build-Up for 1,620 SF
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.
Gross rent
$22.4K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$20.9K $12.90/SF
− OpEx
−$6.3K −$3.87/SF
NOI
$14.6K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,640
Cap Rate 7%
$209,029
Cap Rate 9%
$162,578
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.9K
NOI $14,632 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,865 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$534.1K
$467.4K – $623.1K
NOI $37,388 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 27217, NC
39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 1942 duplex with one vacant unit and one month-to-month tenant-occupied unit.
Where is this duplex located?
The property is located at 714-716 N Church St Burlington, NC.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Two‑unit duplex at 714‑716 N Church St, Burlington, NC 27217; 1,620 square feet of building area; Built in 1942
