New Construction
New
For Sale
$394,000
947 949 Stevens St, Raeford, NC 28376
Both residences have three bedrooms, two-and-a-half baths, and private fenced patio areas.
Property Size1,500 SF
Price / SF$262.67
Days on Market4
Property Features for 947 949 Stevens St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
privacy fenced patio area
laundry closet
Building Details
Year Built
2026
Listed By:
Hope Tyler Home Team
(919) 332-5447
Source:
Hopetylerhometeam
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 6:33AM
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 Hope Tyler Home Team
Investment Insights
Based on property information with market context.
This newly constructed duplex contains two residences, each with more than 1,500 square feet. Both feature three bedrooms, two-and-a-half baths, an eat-in kitchen with granite counters and stainless steel appliances, and a large great room. A laundry closet is located downstairs; the upper level holds all three bedrooms, including a main bedroom with a private bath, plus a full hall bath. Each unit also has a privacy-fenced patio area. Completion is projected in 45–60 days.
The property is on Stevens Street in Raeford, near shopping, schools, restaurants, and downtown. The stated year built is 2026.
The property is on Stevens Street in Raeford, near shopping, schools, restaurants, and downtown. The stated year built is 2026.
Key Highlights
- Two‑unit duplex with over 1500 sq ft in each residence
- Each unit has 3 bedrooms and 2.5 baths
- Eat‑in kitchen with granite counters and stainless appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,692
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
$273.8K
Cap Rate 7%
$195,600
$195.6K
Cap Rate 9%
$152,133
$152.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.6K $13.04/SF
− OpEx
−$5.9K −$3.91/SF
NOI
$13.7K $9.13/SF
Area
Hoke County, NC
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,840
Cap Rate 7%
$195,600
Cap Rate 9%
$152,133
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$179.9K
$157.4K – $209.8K
NOI $12,590 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 28376, NC
43,160
Population
16,834
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
90%
High-School Grad
278.7 sq mi
ZIP Area
155
Density / Sq Mi
$61,793
Median Household Income
$40,858
Median Earnings
$1,091
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two-and-a-half baths, and private fenced patio areas.
Where is this duplex located?
The property is located at 947 949 Stevens St Raeford, NC.
What is the asking price?
The asking price for this property is $394,000.
What are key features of this property?
This property features: Two‑unit duplex with over 1500 sq ft in each residence; Each unit has 3 bedrooms and 2.5 baths; Eat‑in kitchen with granite counters and stainless appliances in both units
