Duplex with Updated Vacant
841 Barringer Drive, Raleigh, NC 27606
For Sale
$450,000
Residential, Raleigh, NC
Property Size1,641 SF
Lot Size0.35 Acres
Price / SF$274.22
Days on Market104
Property Features for 841 Barringer Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
Patio
washer/dryer
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
George Wilson · License #223959
(919) 439-0965
Added: Jul 27
Changed: Oct 30
Last Checked: Nov 7 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1982, this ranch-style duplex contains 1,641 square feet across two mirror-image residences. Each unit offers two bedrooms, one full bathroom, a living room, dining area, kitchen, and laundry closet with a washer and dryer. Unit 1 is vacant and has been refreshed with new luxury vinyl plank flooring and fresh paint. Unit 2 is occupied under a lease extending through May 31, 2027.
The property occupies 0.35 acres at 841 Barringer Drive in Raleigh, near Jones Franklin Road and I-440. A naturally wooded yard, backyard patios, and open driveway parking serve the two-unit layout. Public water and public sewer support the property, which is zoned R-6.
The property occupies 0.35 acres at 841 Barringer Drive in Raleigh, near Jones Franklin Road and I-440. A naturally wooded yard, backyard patios, and open driveway parking serve the two-unit layout. Public water and public sewer support the property, which is zoned R-6.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per residence
- 1,641 square feet on a 0.35‑acre lot
- Unit 1 is vacant with fresh paint and new luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,754
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,080
$375.1K
Cap Rate 7%
$267,914
$267.9K
Cap Rate 9%
$208,378
$208.4K
Market Conditions
NOI Build-Up for 1,641 SF
Gross rent
$28.6K $17.40/SF
− Vacancy
−$1.8K −$1.07/SF
EGI
$26.8K $16.33/SF
− OpEx
−$8.0K −$4.90/SF
NOI
$18.8K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,080
Cap Rate 7%
$267,914
Cap Rate 9%
$208,378
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,709 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
$423,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Raleigh, NC
Properties on Market for Duplexes in Raleigh
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with matching two-bedroom layouts, private backyard patios, and driveway parking in a wooded setting.
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 $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per residence; 1,641 square feet on a 0.35‑acre lot; Unit 1 is vacant with fresh paint and new luxury vinyl plank flooring
