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$298,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 9 days ago
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Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St. All 2bed/1bath units Built in 1985 and 100% occupied, total of 2,820 square feet Slab on grade foundation Brick exterior Metal roof on 518/520 Suburb Street Asphalt shingle roof on 514/516 Suburb Street Current Cap Rate: 11.37% Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent) Current NOI: $33,891 NOI at Market Rent: $36,291 All tenants are on month-to-month leases at $750/mo All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.

Full Property Details for 514-520 Suburb St

General

  • Sold For: $298,000
  • Taxes: $1,225 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: 2218
  • MLS ID: 10156293
  • Added to Site: 195 day(s) ago

Rental Information

  • Lease/Rent Term: Month To Month

Interior

  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Gravel

Location

  • County: Edgecombe
  • Subdivision: To Be Added

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Duplex, Multi Family, Quadruplex, Site Built
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Roof: Asphalt, Metal
  • Building Size: 2820
  • Square Feet: 2,820
  • Living Area: 2,820 Sq. Ft.
  • Finished Above Grnd: 2,820 Sq. Ft.
  • Year Built: 1985

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 13,068

Financial Considerations

  • Tax Amount: $1,225.3
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Owner Pays: Grounds Care

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 386001997100
  • Lot Number: 2&3

Listed by Braddock Realty, Benjamin David Riegel (252) 969-0699 and Braddock Realty, Ben Braddock (919) 213-0308
Sold by ERA Live Moore, Johnny Mitchell

Listing agents

— 514-520 Suburb St —

  • Benjamin David Riegel

    Braddock Realty

  • Ben Braddock

    Braddock Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 514-520 Suburb St

Date
Details
Price
Change
Source
5/18/2026
Sold
$298,000
—
MLS
3/30/2026
Listed
$298,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Braddock Realty, Benjamin David Riegel (252) 969-0699 and Braddock Realty, Ben Braddock (919) 213-0308
Sold by ERA Live Moore, Johnny Mitchell

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514-520 Suburb Street, Rocky Mount, NC 27801 (MLS# 10156293) is a Multi-Family property that was sold at $298,000 on May 18, 2026. Want to learn more about 514-520 Suburb Street? Do you have questions about finding other Multi-Family real estate for sale in Rocky Mount? You can browse all Rocky Mount real estate or contact a Coldwell Banker agent to request more information.