Renovated Duplex with Rental
805 S Main Street Louisburg, NC 27549
805 S Main Street, Louisburg, NC, 27549
$299,900
Pending
For Sale
$299,900
Pending
Renovated duplex for sale with income potential, well suited for owner-occupants living in one unit.
Property Size1,638 SF
Days on Market343
Property Features for 805 S Main Street
General Information
- Standard status
- Pending
- Size
- 1,638 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1923
Listing agency
1800 Real Estate, Inc.
(919) 389-2201
Listed by
Victor Barreiro · License #257784
(919) 475-8664
Source
Xome
Added: Aug 13, 2025 Updated: Jul 20 at 7:51PM Checked: Jul 21 at 3:04AM
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 1800 Real Estate, Inc.
Investment Insights
Based on property information with market context.
This beautifully renovated duplex offers flexible living and rental income across two units. The property has been updated and is presented as an opportunity for an owner-occupant to live in one floor while renting the other, or for an investor seeking income from both sides. The total building size is approximately 1,638 square feet.
Located at 805 S Main Street in Louisburg, NC, the duplex is described as being near downtown Louisburg and convenient to local shops and restaurants, with Louisburg College also nearby.
For buyers looking for a renovated, two-unit residential income property in a walkable, amenity-oriented setting, this duplex presents a straightforward ownership structure with both live-in and rental options.
Located at 805 S Main Street in Louisburg, NC, the duplex is described as being near downtown Louisburg and convenient to local shops and restaurants, with Louisburg College also nearby.
For buyers looking for a renovated, two-unit residential income property in a walkable, amenity-oriented setting, this duplex presents a straightforward ownership structure with both live-in and rental options.
Key Highlights
- Renovated duplex with income potential, suitable for owner‑occupants who live in one unit and rent the other
- Year built: 1923
- Electric cooling and heating system listed as “3”
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $17.40 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $27.0k | $16.50 |
| − OpEx | −$8.1k | −$4.95 |
| NOI | $18.9k | $11.55 |
1,638 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.2K
$236.4K – $315.2K
NOI $18,913 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.5K
NOI $16,768 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$467.7K
$409.2K – $545.6K
NOI $32,738 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
South Main Baptist ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex for sale with income potential, well suited for owner-occupants living in one unit.
Where is this duplex located?
The property is located at 805 S Main Street Louisburg, NC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Renovated duplex with income potential, suitable for owner‑occupants who live in one unit and rent the other; Year built: 1923; Electric cooling and heating system listed as “3”
