Occupied Two-Unit
For Sale
$159,900
714 Hines Street W, Wilson, NC 27893
Both residences are leased, with a one-bedroom layout and a separate two-bedroom configuration.
Property Size1,673 SF
Price / SF$95.58
Days on Market160
Property Features for 714 Hines Street W
General Information
Standard status
Active
Size
1,673 SF
Property subtype
Multi-Family
Zoning
GR6
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$798
Amenities
Carpet,Vinyl
No
Yes
2
Electric
1
3
Public
See Remarks
0.17
0.0
83 x 90
Brick Veneer
Off Street,On Site
Crawl Space
City Street,State Road
1673.0
Building Details
Year Built
1954
Stories
1
Listing Agency:
Foote Real Estate LLC
(912) 233-6000
Listed By:
Margaret Winkler
(407) 399-1537
Source:
Baystreetrealtygroup
Added: Apr 30
Changed: Oct 6
Last Checked: Oct 5 at 4:03PM
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 Foote Real Estate LLC
Investment Insights
Based on property information with market context.
This Wilson duplex, constructed in 1954, contains two separately configured residences. The unit associated with 714 Hines Street W has 1 bedroom and 1 bathroom, while the 716 unit provides 2 bedrooms and 1 bathroom. Both residences are currently rented, offering an existing occupancy profile for the next owner.
The property is located at 714 Hines Street W in Wilson, NC 27893. Showings require 24-hour notice.
The property is located at 714 Hines Street W in Wilson, NC 27893. Showings require 24-hour notice.
Key Highlights
- Two‑unit duplex at 714 Hines Street W, Wilson, NC 27893
- 714 unit includes 1 bedroom and 1 bathroom
- 716 unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,649
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,980
$273.0K
Cap Rate 7%
$194,986
$195.0K
Cap Rate 9%
$151,656
$151.7K
Market Conditions
NOI Build-Up for 1,673 SF
Gross rent
$21.1K $12.60/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$19.5K $11.66/SF
− OpEx
−$5.8K −$3.50/SF
NOI
$13.6K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,980
Cap Rate 7%
$194,986
Cap Rate 9%
$151,656
Alternative Uses
Best Use
Multifamily LT 5
$195.0K
$170.6K – $227.5K
NOI $13,649 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,631 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences are leased, with a one-bedroom layout and a separate two-bedroom configuration.
Where is this duplex located?
The property is located at 714 Hines Street W Wilson, NC.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex at 714 Hines Street W, Wilson, NC 27893; 714 unit includes 1 bedroom and 1 bathroom; 716 unit includes 2 bedrooms and 1 bathroom
