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DETAILS
Type: Duplex
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,344 sq ft
Year Built: 1941
Lot Size: 0.33 acres (14,375 sq ft)
Zoning: MR5
Utilities: City Water & Sewer | Electricity: Duke Energy
Occupancy at Closing: Currently occupied — will be vacant at closing
Closing Date: 09/28/2026
Closing Attorney: Atlas Orange
Tax Value: $92,461
Annual Taxes: $2,979
Parcel ID: 0428-94-7980
CONDITION
- Roof — 25+ years old
- HVAC — approximately 10+ years old, not operational
- City water and sewer
- Property sold as-is
- Currently rented for $950 per month on one side. Other side vacant.
COMPARABLE SALES
1901 Bain Dr, Fayetteville, NC 28301 — 1,644 sq ft — $189,000 ($115/sq ft) — Sold
2015 Corrinna St, Fayetteville, NC 28301 — 1,392 sq ft — $185,000 ($133/sq ft) — Sold
Pending reference: 506 Eaton St, Fayetteville, NC 28301 — 1,129 sq ft — $195,000 ($173/sq ft) — Pending, excluded from average
Pending reference: 1477 Thelbert Dr, Fayetteville, NC 28301 — 1,657 sq ft — $140,000 as-is ($84/sq ft) — Pending, excluded from average
For sale (active, duplex): 2316 Edgar St, Fayetteville, NC 28301 — 1,500 sq ft — $189,000 ($126/sq ft) — excluded from sold average
For sale (active, duplex): 2311 Nickey Ave, Fayetteville, NC 28301 — 1,270 sq ft — $215,000 ($169/sq ft) — excluded from sold average
Comp Average: ~$187,000 (~$123.92/sq ft)
Our Price: $81,000 ($60.27/sq ft)
Your Spread: ~$106,000
At $60/sq ft, this is priced well under half the sold-comp $/sq ft average, leaving heavy margin to cover the needed HVAC and roof work and still exit strong. With one side already cash-flowing and the other open for immediate renovation, this works equally well as a fast flip or a buy-and-hold reposition.
OVERVIEW
1813 Newark Ave, Fayetteville, NC 28301
Priced at $81,000 — less than half the $187K sold-comp average and roughly 60% below the $152/sq ft duplex-market average for Fayetteville — this 1,344 sq ft duplex on a spacious 0.33-acre lot offers a wide margin for rehab and resale. Minutes from Fort Liberty, one of the largest military installations in the country, the property benefits from steady rental demand in the surrounding submarket. It’s already generating $950/mo on one side while the other sits vacant and ready for immediate renovation, and the seller has confirmed full vacancy at closing. City water and sewer are in place, and the only major systems needing attention are the roof and a non-operational HVAC — a clean, well-scoped rehab.
Comp Avg (Sold): ~$187,000 | For Sale Avg: ~$167,000
Rent Avg: ~$950/mo (in-place) | Gross Yield at Asking: ~28.1%
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal.
Closing will occur as quickly as possible, but no longer than 30 calendar days.
Buyer pays all closing costs — closing costs are NOT included in the asking price.
Taxes will be prorated and split between parties.
$495 transaction fee payable to Bright Home Offer LLC.
Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing.
No clean-out or clean-up of any kind will be completed.
Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee.
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.