Maintained Duplex with
For Sale
$385,000
808 Harrisburg Dr Sw, Lenoir, NC 28645
Two-unit rental property with documented improvements, professional management, and established rental income.
Property Size3,874 SF
Price / SF$99.38
Days on Market121
Property Features for 808 Harrisburg Dr Sw
General Information
Standard status
Active
Size
3,874 SF
Property subtype
Residential Income
Listing Agency:
lpt realty llc
(877) 366-2213
Listed By:
CeCe Baxter
(704) 575-2736
Source:
Exprealty
Added: Jun 18
Changed: Oct 11
Last Checked: Oct 16 at 10:22AM
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 lpt realty llc
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Investment Insights
Based on property information with market context.
This 3,874-square-foot duplex is an income-producing residential asset with established rental operations and professional management. Ownership improvements have addressed HVAC systems, moisture management, crawl space conditions, drainage, exterior maintenance, and structural elements. The property has been actively maintained, with work focused on ongoing operation and preservation of the improvements.
Documentation and records for completed upgrades are available for buyer review. Located at 808 Harrisburg Dr Sw in Lenoir, NC, the property combines a two-unit configuration with a history of rental income and completed capital work.
Documentation and records for completed upgrades are available for buyer review. Located at 808 Harrisburg Dr Sw in Lenoir, NC, the property combines a two-unit configuration with a history of rental income and completed capital work.
Key Highlights
- 3,874‑square‑foot duplex at 808 Harrisburg Dr Sw, Lenoir, NC
- Two‑unit residential income property with established rental operations
- HVAC enhancements and moisture management systems completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,007
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,140
$580.1K
Cap Rate 7%
$414,386
$414.4K
Cap Rate 9%
$322,300
$322.3K
Market Conditions
NOI Build-Up for 3,874 SF
Gross rent
$44.2K $11.40/SF
− Vacancy
−$2.7K −$0.70/SF
EGI
$41.4K $10.70/SF
− OpEx
−$12.4K −$3.21/SF
NOI
$29.0K $7.49/SF
Area
Caldwell County, NC
Vacancy
6.17%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,140
Cap Rate 7%
$414,386
Cap Rate 9%
$322,300
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,007 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.3K
NOI $26,775 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$884.1K
$773.6K – $1.03M
NOI $61,885 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 28645, NC
46,004
Population
21,558
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
82%
High-School Grad
329.1 sq mi
ZIP Area
140
Density / Sq Mi
$50,529
Median Household Income
$34,526
Median Earnings
$726
Median Rent
$157,800
Median Home Value
Check the figures for this property
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 rental property with documented improvements, professional management, and established rental income.
Where is this duplex located?
The property is located at 808 Harrisburg Dr Sw Lenoir, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3,874‑square‑foot duplex at 808 Harrisburg Dr Sw, Lenoir, NC; Two‑unit residential income property with established rental operations; HVAC enhancements and moisture management systems completed
