Renovated Brick
For Sale
$304,900
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$183.90
Days on Market51
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
Listed By:
Carolina Collective Realty
(919) 782-4503
Source:
Carolinacollectiverealty
Added: Aug 30
Changed: Oct 10
Last Checked: Oct 19 at 7:29AM
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
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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 / Yr
$16,896
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
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
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 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 5.54%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,581 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,111 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 $304,900.
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
