Duplex with Two-Bedroom
For Sale
$475,000
841 Barringer Drive, Raleigh, NC 27606
Two mirrored residences offer patios, laundry closets, and driveway parking in a naturally wooded setting.
Property Size1,641 SF
Days on Market96
Property Features for 841 Barringer Drive
General Information
Standard status
Active
Size
1,641 SF
Property subtype
Duplex
Site & Location
Neighborhood
Fairview Hills
Taxes and HOA fees
Annual Taxes
$2,966
Amenities
patio
laundry
Building Details
Building Size
1,641 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
LPT Realty, LLC
Listed By:
George Wilson · License #223959
(919) 439-0965
Source:
Dustinbennett
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 4:15PM
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 1,641-square-foot duplex contains two mirror-image units, each arranged with 2 bedrooms, 1 full bath, a living room, dining area, kitchen, and laundry closet. Washers and dryers are provided in both units. Unit 1 is vacant and features fresh paint plus luxury vinyl plank flooring throughout. Unit 2 is occupied under a lease running through May 31, 2027.
Both residences include a rear patio positioned among the trees, while driveway parking serves the property. The duplex is located on Barringer Dr in Raleigh, near Jones Franklin Rd and I-440, with a setting between Raleigh and Cary.
Both residences include a rear patio positioned among the trees, while driveway parking serves the property. The duplex is located on Barringer Dr in Raleigh, near Jones Franklin Rd and I-440, with a setting between Raleigh and Cary.
Key Highlights
- 1,641‑square‑foot duplex with two mirror‑image units
- Each unit includes 2 bedrooms and 1 full bath
- 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
3.95%
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 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.
How Realmo checks its estimates
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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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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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 mirrored residences offer patios, laundry closets, and driveway parking in a naturally 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 $475,000.
What are key features of this property?
This property features: 1,641‑square‑foot duplex with two mirror‑image units; Each unit includes 2 bedrooms and 1 full bath; Unit 1 is vacant with fresh paint and new luxury vinyl plank flooring
