Renovated Duplex with
New
For Sale
$256,999
805 N Mebane Street, Burlington, NC 27217
MULTI_FAMILY - Other - Burlington, NC
Property Size1,289 SF
Lot Size0.23 Acres
Price / SF$199.38
Days on Market6
Property Features for 805 N Mebane Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R9
Rooms
Basement
Parking
2
Directions
Take Alamance Rd to S. Mebane St. TR to N. Mebane St. # 805 A & B
Standard status
Active
Size
1,289 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1256
Amenities
range
refrigerator
rocking chair front porch
Building Details
Year built
1910
Number of units
2
Architectural style
Other
Listing Agency:
Your Friendly Real Estate Company
(336) 908-6922
Listed By:
Shelia M Siler
(336) 908-6922
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This duplex at 805 N Mebane Street contains 1,289 square feet with one bedroom and one bathroom on each side. Both units are vacant, and each includes a range and refrigerator. Exterior improvements include fresh vinyl siding and a covered front porch with traditional rocking-chair appeal. One unit is served by a gas-pack central heating and air-conditioning system. The other has a wall furnace and two new window air conditioners scheduled for installation before closing.
The property occupies 0.23 acres in Burlington, NC, and carries R9 zoning. Built in 1910, the two-unit layout offers a compact residential income configuration with immediate possession available for both sides.
The property occupies 0.23 acres in Burlington, NC, and carries R9 zoning. Built in 1910, the two-unit layout offers a compact residential income configuration with immediate possession available for both sides.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side; both units are vacant
- 1,289 square feet on a 0.23‑acre lot
- Range and refrigerator included in each unit
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
$11,642
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
4.53%
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%
$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
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
$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 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%
$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 4.53%
Second Best
Apartment 5plus
$146.2K
$128.0K – $170.6K
NOI $10,236 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$425.0K
$371.9K – $495.8K
NOI $29,749 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
918
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
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 vacant units feature appliances, fresh vinyl siding, and separate heating and cooling arrangements.
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 $256,999.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; both units are vacant; 1,289 square feet on a 0.23‑acre lot; Range and refrigerator included in each unit
