Two-Unit Duplex
For Sale
$229,900
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$141.91
Days on Market152
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
Listed By:
Bryan Guarnieri · License #299470
(919) 906-4840
Source:
Searchhomesinthetriad
Added: May 16
Changed: Oct 1
Last Checked: Oct 12 at 8:16PM
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 / Yr
$14,632
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
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
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 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 6.36%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,865 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$534.1K
$467.4K – $623.1K
NOI $37,388 @ 7.0% cap · market cap 16.26%
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
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 $229,900.
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
