Duplex with Back
New
For Sale
$475,000
841 Barringer Drive, Raleigh, NC 27606
DUPLEX - Ranch - Raleigh, NC
Property Size1,641 SF
Lot Size0.35 Acres
Price / SF$289.46
Days on Market7
Property Features for 841 Barringer Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Driveway, Open
Subdivision
Fairview Hills
Elementary school
Wake - Adams Elementary
Middle school
Wake - Lufkin Road Middle
High school
Wake - Athens Drive High
Standard status
Active
APN
078305271796000 0119714
Size
1,641 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo3 Fairview Hills Sub Bm1981-566
Tax Annual Amount
2966
Legal Description
Lo3 Fairview Hills Sub Bm1981-566
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Patio
Laundry closet with Washer and Dryer
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
George Wilson · License #223959
(919) 439-0965
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 2 at 11:06AM
MLS# 10182665
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.
Ranch-style duplex on a 0.35-acre lot with driveway parking and a patio in the backyard. Both units are mirror images, each with two bedrooms and one full bath. Unit 1 is currently vacant and has been freshly painted with new luxury vinyl plank flooring. Unit 2 is currently rented through May 31st of 2027.
Constructed in 1982 with vinyl siding and a shingle roof, the home is served by public water and public sewer. Heating is forced air with central air cooling, and each unit includes a living room, dining area, and kitchen with a laundry closet and washer and dryer provided.
The property is located off Jones Franklin Rd near 440 and set back in a naturally wooded yard, offering a quiet, private outdoor setting for both units.
Constructed in 1982 with vinyl siding and a shingle roof, the home is served by public water and public sewer. Heating is forced air with central air cooling, and each unit includes a living room, dining area, and kitchen with a laundry closet and washer and dryer provided.
The property is located off Jones Franklin Rd near 440 and set back in a naturally wooded yard, offering a quiet, private outdoor setting for both units.
Key Highlights
- 0.35‑acre lot with backyard patio
- Both units: two bedrooms and one full bath; mirror‑image layouts
- Unit 1 vacant; freshly painted with new luxury vinyl plank flooring
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 | $28.6k | $17.40 |
| − Vacancy | −$1.8k | −$1.07 |
| EGI | $26.8k | $16.33 |
| − OpEx | −$8.0k | −$4.90 |
| NOI | $18.8k | $11.43 |
1,641 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,709 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
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 - Ranch duplex in R-6 with driveway parking, public utilities, and each unit offering two bedrooms and one full bath.
Where is this duplex located?
The property is located at 841 Barringer Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 0.35‑acre lot with backyard patio; Both units: two bedrooms and one full bath; mirror‑image layouts; Unit 1 vacant; freshly painted with new luxury vinyl plank flooring
