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    Multifamily Property in Wilson, NC Title is generated by Realmo AI

    714 Pender Street S, Wilson, NC 27893

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    Claim this Listing
    For Sale
    Under Contract
    $225,000

    MULTI_FAMILY - Wilson, NC

    Property size:
    1,950 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $115/SF
    Added:
    Dec 9, 2025
    Days on Market:
    188
    Last Refresh:
    Jun 15 at 5:06 pm

    Property Features for 714 Pender Street S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    GR6
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
    Parking features
    Carport
    Window features
    Storm Window(s)
    Patio and Porch features
    Porch
    Interior features
    Wash/Dry Connect, Ceiling Fan(s)
    Exterior features
    Storm Doors
    Fencing
    Chain Link
    Standard status
    Active Under Contract
    APN
    3721-46-6462.000
    Size
    1,950 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    See DB 2034 PG 213

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood, Carpet
    Building materials
    Block, Brick Veneer, Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Allyson M Moye
    Allyson M Moye

    Listing agent Allyson M Moye License #210074

    Listing office Womble Real Estate 602-B Nash Street NE, Wilson, NC

    Listing date Dec 9, 2025

    MLS# 100544785 Listing URL

    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.

    HighLights

    • Two‑home property with long‑term tenants in both homes
    • Brick 3‑bedroom, 1‑bath home with hardwoods and a carport
    • Second home offers 2 bedrooms and 1.5 baths with a covered porch and outbuilding
    • Central air and forced‑air natural gas heating
    • Interior includes wash/dry connect and ceiling fans
    • Chain‑link fenced property with storm doors and shingle roof (built 1967)

    Overview

    This property presents an opportunity for multi-generational living or use as an income property. It includes two homes situated on a 0.25-acre lot. The first home is a brick structure featuring three bedrooms, one bathroom, hardwood floors, and a carport. The second home offers two bedrooms, one and a half bathrooms, a covered porch, and an outbuilding. Both homes are currently occupied by long-term tenants. The property is located in Wilson, NC.

    Local 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 $24.6k $12.60
    − Vacancy −$1.8k −$0.95
    EGI $22.7k $11.66
    − OpEx −$6.8k −$3.50
    NOI $15.9k $8.16
    1,950 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $227.3K
    $198.9K – $265.2K (±1% cap)
    NOI $15,909 @ 7.0% cap · market cap 7.07%
    Second Best
    Apartment 5plus
    $210.3K
    $184.0K – $245.4K (±1% cap)
    NOI $14,722 @ 7.0% cap · market cap 6.54%
    Theoretical Best
    Office A
    $468.0K
    $409.5K – $546.0K (±1% cap)
    NOI $32,762 @ 7.0% cap · market cap 14.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.905947
    Latitude
    35.712345

    FAQs

    What type of property is this?
    Duplex - Two homes on one lot, ideal for income or multigenerational.
    Where is this duplex located?
    The property is located at 714 Pender Street S Wilson, NC.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Two‑home property with long‑term tenants in both homes; Brick 3‑bedroom, 1‑bath home with hardwoods and a carport; Second home offers 2 bedrooms and 1.5 baths with a covered porch and outbuilding
    More about this property
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