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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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505 E Elizabeth St , Selma, NC 27576
$219,900
Est. Payment: $1,235.85/mo
4 Bed
2 Bath
1736 Sqft
0.25 Acres
Status: pending | Days on site: 6
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71409 - 84932,99159
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Terri Bias
Operator/Brokerage Owner

House Description

Investor Opportunity in Selma, NC! This income-producing duplex offers an attractive opportunity for an investor looking to add a tenant-occupied property to their portfolio. Both 2-bedroom, 1-bath units are currently leased, providing an established rental history from day one, and the existing property management company is already in place should the new owner choose to continue with the current arrangement for a seamless transition. Each unit has its own separate entrance and driveway, providing privacy and convenience for tenants. Unit A features a combination of carpet and laminate flooring, while Unit B offers continuous LVP flooring throughout. Both units also enjoy access to a rear patio, attached storage room and a wooded buffer that provides additional privacy. Conveniently located near downtown Selma, shopping, dining, major highways and the Selma-Smithfield Amtrak station, this property offers both an established tenant base and a convenient location for renters. A solid opportunity for investors seeking an income-producing duplex with tenants and property management already in place.

Highlights

Listed by Meredith Hilbert , Howard Hanna Allen Tate Wake Forest/Rolesville , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1981

County

Johnston

Neighborhood

Not in a Subdivision

Listing ID

10195124

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Range, Electric Water Heater, Refrigerator
Air Cond:Central Air,Heat Pump
Fireplaces:
Floor:Carpet,Laminate,Luxury Vinyl
Above Ground Sq Ft:1736
Water:Public

Exterior Features

Lot:Back Yard,Front Yard
Zoning:RES
Roof:Shingle
Others:
  • ▪ Additional:Patio
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$1,236
Taxes
$140

Home Price

$219,900

Loan Details

30 yrs
7.548%

Down Payment

20%
$43,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,235.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,235.85 $140.19 $0.00 $1,376.03
Yearly $14,830.15 $1,682.24 $0.00 $16,512.38
Total $444,904.37 $50,467.05 $0.00 $495,371.42

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Selma, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T17:52:00.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina