Description

A rare value-add opportunity in the heart of Greenville’s growing multifamily market, the Greenville Duplex Portfolio offers four well-maintained duplex buildings (eight units total) situated at 409 Deck Street, just minutes from East Carolina University and the ECU Health Medical Center. Originally constructed in 1940 and fully renovated in 2024, each unit features updated kitchens, bathrooms, and mechanical systems, blending historic character with modern finishes to attract long-term tenants and minimize capital expenditures.

Positioned within the 27834 zip code, this portfolio benefits from Greenville’s diversified employment base, including higher education, healthcare, and manufacturing, as well as easy access to major retail corridors and Highway 264. Strong rental demand from students, young professionals, and hospital staff creates stable occupancy, while surrounding redevelopment initiatives and population growth underpin future rent growth.

Offered at $850,000, this asset is attractively priced at just over $106,000 per unit, presenting an investor with both current cash-flow and a clear path to enhance returns through professional management and rental rate optimization. With turn-key condition, recent capital improvements, and proven market fundamentals, the Greenville Duplex Portfolio is ideally suited for a 1031 exchange, private investor, or local operator seeking to expand a multifamily foothold in Eastern North Carolina.