514 Suburb St Rocky Mount, NC 27801
Estimated payment $1,671/month
Highlights
- No HOA
- Luxury Vinyl Tile Flooring
- 5-minute walk to Martin Luther King Jr Park
- 1-Story Property
- Central Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,225
Year Built
- Built in 1985
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Roof
- Metal Roof
Interior Spaces
- 2,820 Sq Ft Home
- 1-Story Property
- Luxury Vinyl Tile Flooring
- Basement
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Gravel Driveway
- 4 Open Parking Spaces
Additional Features
- 13,068 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- To Be Added Subdivision
Listing and Financial Details
- Assessor Parcel Number 386001997100
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2026 04/03/26 | Pending | -- | -- | -- |
| 03/30/2026 03/30/26 | For Sale | $298,000 | -- | $106 / Sq Ft |
Source: Doorify MLS
MLS Number: 10156293
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Ask me questions while you tour the home.