Duplex with Front
805 N Mebane Street, Burlington, NC 27217
For Sale
$230,000
Residential Income, Burlington, NC
Property Size1,289 SF
Lot Size0.23 Acres
Price / SF$178.43
Days on Market99
Property Features for 805 N Mebane Street
General Information
Property type
Property subtype
Zoning
Rooms
Parking
Elementary school
Middle school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
front porch
Building Details
Year built
Number of units
Architectural style
Listing Agency:
Your Friendly Real Estate Company
Listed By:
Shelia M Siler
(336) 908-6922
Added: Aug 4
Changed: Oct 28
Last Checked: Nov 10 at 12:06PM
MLS# 1230120
Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two renovated one-bedroom apartments and totals 1,289 square feet. Both units are vacant and include a range and refrigerator, with gas heat serving each side. Exterior features include vinyl siding and a front porch. The property was built in 1910 and sits on a 0.23-acre lot.
Zoning is R9. The property is located at 805 N Mebane Street in Burlington, North Carolina.
Zoning is R9. The property is located at 805 N Mebane Street in Burlington, North Carolina.
Key Highlights
- Two renovated one‑bedroom units, both vacant
- 1,289‑square‑foot building on a 0.23‑acre lot
- Gas heat in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,642
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,840
$232.8K
Cap Rate 7%
$166,314
$166.3K
Cap Rate 9%
$129,356
$129.4K
Market Conditions
NOI Build-Up for 1,289 SF
Gross rent
$17.8K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$16.6K $12.90/SF
− OpEx
−$5.0K −$3.87/SF
NOI
$11.6K $9.03/SF
Area
Alamance County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,840
Cap Rate 7%
$166,314
Cap Rate 9%
$129,356
Alternative Uses
Best Use
Multifamily LT 5
$166.3K
$145.5K – $194.0K
NOI $11,642 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$146.2K
$128.0K – $170.6K
NOI $10,236 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$425.0K
$371.9K – $495.8K
NOI $29,749 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 27217, NC
39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant one-bedroom units include ranges, refrigerators, and gas heat.
Where is this duplex located?
The property is located at 805 N Mebane Street Burlington, NC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two renovated one‑bedroom units, both vacant; 1,289‑square‑foot building on a 0.23‑acre lot; Gas heat in each apartment
