Rented Duplex Income
For Sale
$159,900
714 Hines Street W, Wilson, NC 27893
MULTI_FAMILY - Wilson, NC
Property Size1,673 SF
Lot Size0.17 Acres
Price / SF$95.58
Days on Market93
Property Features for 714 Hines Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GR6
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Off Street
Patio and Porch features
Patio
Subdivision
Not In Subdivision
Elementary school
Hearne
Middle school
Darden
High school
Fike
Directions
Nash St. toward downtown; turn right onto Rountree St.; turn left onto Hines St.; duplex on the left.
Standard status
Active
APN
3722-02-0634.000
Size
1,673 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
714 HINES ST W 1.00LT
Tax Annual Amount
799
Legal Description
714 HINES ST W 1.00LT
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick Veneer, Wood Frame
Roof type
Composition, Shingle
Listing Agency:
Chesson Realty
(252) 291-3600
Listed By:
Adam Chesson · License #230531
(252) 230-9555
Added: Apr 29
Changed: Jul 18
Last Checked: Jul 30 at 11:06PM
MLS# 100570441
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.
This duplex includes two residential units under one property. Unit 714 is a 1-bedroom, 1-bath layout that is currently rented. Unit 716 is a 2-bedroom, 1-bath layout that is also currently rented, providing occupancy in both units.
The property is located at 714 Hines Street W in Wilson, North Carolina. The lot size is listed at 0.17 acres. The listing notes that 24-hour notice is required to schedule showings.
From an investor or owner-operator standpoint, this asset offers a simple two-unit structure with existing tenants in place. The 1BR unit is currently rented at $455 per month, and the 2BR unit is currently rented at $675 per month. Both sides are described as being rented, with the 1BR tenant noted as having nearly 10 years in place. For qualified buyers, this creates an opportunity to acquire a functioning duplex with current rental income rather than starting from vacancy.
The property is located at 714 Hines Street W in Wilson, North Carolina. The lot size is listed at 0.17 acres. The listing notes that 24-hour notice is required to schedule showings.
From an investor or owner-operator standpoint, this asset offers a simple two-unit structure with existing tenants in place. The 1BR unit is currently rented at $455 per month, and the 2BR unit is currently rented at $675 per month. Both sides are described as being rented, with the 1BR tenant noted as having nearly 10 years in place. For qualified buyers, this creates an opportunity to acquire a functioning duplex with current rental income rather than starting from vacancy.
Key Highlights
- Duplex built in 1954 with both units currently rented
- 714 unit: 1 bed/1 bath rented for $455/month
- 716 unit: 2 bed/1 bath rented for $675/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.1k | $12.60 |
| − Vacancy | −$1.6k | −$0.95 |
| EGI | $19.5k | $11.66 |
| − OpEx | −$5.8k | −$3.50 |
| NOI | $13.6k | $8.16 |
1,673 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
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
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
906
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
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 - Duplex with two currently rented units, offering straightforward residential income potential for buyers.
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: Duplex built in 1954 with both units currently rented; 714 unit: 1 bed/1 bath rented for $455/month; 716 unit: 2 bed/1 bath rented for $675/month
