Renovated Brick
New
For Sale
$324,900
800 W Anderson St #802, Selma, NC 27576
Two-unit property with one occupied residence and a second updated unit ready for rental.
Property Size1,658 SF
Price / SF$195.96
Days on Market3
Property Features for 800 W Anderson St #802
General Information
Standard status
Active
Size
1,658 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
yard space
paved concrete driveways
privacy fencing
landscaped
Building Details
Year Built
1988
Construction
brick
Listing Agency:
(919) 782-4503
Listed By:
Carolina Collective Realty
(919) 782-4503
Source:
Carolinacollectiverealty
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 3:09PM
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 Carolina Collective Realty
Investment Insights
Based on property information with market context.
Built in 1988, this 1,658-square-foot brick duplex contains two residences with matching two-bedroom, one-bathroom layouts. Both units have been updated, while the property also includes front and rear yard areas, paved concrete driveways, privacy fencing, and landscaped grounds.
At 800 W Anderson St #802 in Selma, one unit is leased through the end of the year. The other is vacant following a fresh renovation and is ready for a new renter. The property is located minutes from downtown Selma, the 70/95 interchange, Eastfield Crossing, and Carolina Pottery Outlet.
At 800 W Anderson St #802 in Selma, one unit is leased through the end of the year. The other is vacant following a fresh renovation and is ready for a new renter. The property is located minutes from downtown Selma, the 70/95 interchange, Eastfield Crossing, and Carolina Pottery Outlet.
Key Highlights
- 1,658‑square‑foot brick duplex built in 1988
- Two units, each with 2 bedrooms and 1 bathroom
- One unit rented through the end of the year
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
$16,896
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
5.20%
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%
$337,920
$337.9K
Cap Rate 7%
$241,371
$241.4K
Cap Rate 9%
$187,733
$187.7K
Market Conditions
NOI Build-Up for 1,658 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
$25.5K $15.36/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$24.1K $14.56/SF
− OpEx
−$7.2K −$4.37/SF
NOI
$16.9K $10.19/SF
Area
Johnston County, NC
Vacancy
5.22%
Lease Rate
$15.36 /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%
$337,920
Cap Rate 7%
$241,371
Cap Rate 9%
$187,733
Alternative Uses
Best Use
Multifamily LT 5
$241.4K
$211.2K – $281.6K
NOI $16,896 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,581 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,111 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 27576, NC
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
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 - Two-unit property with one occupied residence and a second updated unit ready for rental.
Where is this duplex located?
The property is located at 800 W Anderson St #802 Selma, NC.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,658‑square‑foot brick duplex built in 1988; Two units, each with 2 bedrooms and 1 bathroom; One unit rented through the end of the year
