Brick Duplex with Two
For Sale
$159,900
714 Hines Street W, Wilson, NC 27893
Residential, Wilson, NC
Property Size1,673 SF
Lot Size0.17 Acres
Price / SF$95.58
Days on Market139
Property Features for 714 Hines Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Subdivision
Not in a Subdivision
Elementary school
Wilson - Margaret Hearne Elementary
Middle school
Wilson - Charles H Darden Middle
High school
Wilson - Fike High
Standard status
Active
APN
3722020634000
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
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Adam Chesson · License #230531
(252) 230-9555
Added: May 18
Changed: Oct 2
Last Checked: Oct 3 at 4:06AM
MLS# 10168213
Copyright © 2026 Doorify 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 1,673-square-foot ranch duplex contains two residences within a brick building constructed in 1954. The units include one 1-bedroom, 1-bath residence and one 2-bedroom, 1-bath residence, with both currently rented. Interior finishes include carpet and vinyl flooring, while heating is provided by forced air and cooling by wall or window units.
The property occupies approximately 0.17 acres at 714 Hines Street W in Wilson, North Carolina. Public water and public sewer serve the site. The roof uses composition and shingle materials, and the building's residential configuration provides a distinct two-unit layout.
The property occupies approximately 0.17 acres at 714 Hines Street W in Wilson, North Carolina. Public water and public sewer serve the site. The roof uses composition and shingle materials, and the building's residential configuration provides a distinct two-unit layout.
Key Highlights
- Two‑unit duplex with both residences currently rented
- 1,673 square feet on approximately 0.17 acres
- Unit mix includes 1BR/1BA and 2BR/1BA residences
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
$13,649
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
8.54%
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%
$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
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
$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 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%
$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
Multi-tenant
Tenancy
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
View Realmo Analytics
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 - Ranch-style property with two currently occupied residences and public water and sewer service.
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 with both residences currently rented; 1,673 square feet on approximately 0.17 acres; Unit mix includes 1BR/1BA and 2BR/1BA residences
