Renovated Brick
New
For Sale
$324,900
800 W Anderson Street, Selma, NC 27576
Residential Income, Selma, NC
Property Size1,658 SF
Lot Size0.30 Acres
Price / SF$195.96
Days on Market2
Property Features for 800 W Anderson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking
6
Parking features
Off Street, Driveway
Window features
Insulated Windows
Interior features
Bathtub/Shower Combination, Eat-in Kitchen, High Speed Internet, Primary Downstairs
Exterior features
Private Yard
Appliances
Electric Range, Water Heater
Subdivision
Not in a Subdivision
Lot features
Back Yard, Cleared, Front Yard, Hardwood Trees, Landscaped, Near Public Transit, Rectangular Lot
Elementary school
Johnston - Selma Elementary
Middle school
Johnston - Selma Middle School
High school
Johnston - Smithfield Selma High
Standard status
Active
APN
14025055
Size
1,658 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
W Anderson St M25l55
Tax Annual Amount
2177
Legal Description
W Anderson St M25l55
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Amenities
front & back yards
privacy fencing
landscaped
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
HomeTowne Realty
(919) 550-7355
Listed By:
Christopher Carroll
(919) 422-3143
Added: Aug 29
Last Checked: Aug 30 at 5:06AM
MLS# 10189544
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 1,658-square-foot duplex was built in 1988 with brick construction and a two-bedroom, one-bath layout in each unit. Interior features include eat-in kitchens, primary bedrooms on the lower level, vinyl flooring, electric ranges, heat-pump heating and cooling, and central air. One residence is leased through the end of the year, while the other has been recently renovated and is vacant.
The property occupies 0.3 acres in Selma, with front and rear yard areas, privacy fencing, landscaping, and paved concrete driveways. Off-street parking, public water, and public sewer are provided. The RES-zoned property is located near downtown Selma, the 70/95 interchange, Eastfield Crossing, and Carolina Pottery Outlet.
The property occupies 0.3 acres in Selma, with front and rear yard areas, privacy fencing, landscaping, and paved concrete driveways. Off-street parking, public water, and public sewer are provided. The RES-zoned property is located near downtown Selma, the 70/95 interchange, Eastfield Crossing, and Carolina Pottery Outlet.
Key Highlights
- 1,658‑square‑foot duplex on 0.3 acres
- Two 2‑bedroom, 1‑bath units with similar layouts
- One unit leased through the end of the year; second unit vacant after renovation
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
50%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two comparable two-bedroom units with separate driveways, private yard areas, and public water and sewer service.
Where is this duplex located?
The property is located at 800 W Anderson Street 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 duplex on 0.3 acres; Two 2‑bedroom, 1‑bath units with similar layouts; One unit leased through the end of the year; second unit vacant after renovation
