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    1103 N Elm St Lumberton, NC 28358

    For Sale
    $1,500,000

    MULTI_FAMILY - Lumberton, NC

    Days on Market:
    16
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 1103 N Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    3227-05-013

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Number of units
    5

    COLDWELL BANKER PREMIER TEAM REALTY (910) 738-3441 [email protected]

    Listing agent DAVID ZEITZ (910) 738-3441 License #200804

    Listing date Nov 21, 2025

    MLS# 753726 Listing URL

    Copyright © 2025 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Multifamily Investment Opportunity

    This is a turn-key investment opportunity featuring four single-family properties, fully furnished and utilized as both short-term and long-term rentals. The properties generate a Net Operating Income of $118,000 per year, offering investors a CAP rate of 7.87%. The properties are located in Lumberton, NC 28358 and include the following addresses: 1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, and 307 W 18th St. Recent improvements have been made to the properties. At 1103 N Elm St, updates include new ductwork under the home, a new disposal in the kitchen, new paint in several rooms, a new HVAC system in the cottage, new drain lines for the cottage, and extensive landscaping and driveway improvements. At 307 W 18th St, renovations include a complete remodel of a main suite with the addition of a complete bath and walk-in closet, new floors throughout, new paint and wallpaper throughout, a new drive-through and parking lot in the back of the house, new siding, paint on the back of the home, and upgrades to all bathrooms. At 840 Jane Street, new landscaping has been installed in front of the house.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lumberton
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.008789
    Latitude
    34.624935

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    FAQs

    What type of property is this?
    Single family property - Four fully furnished properties in Lumberton, NC with high CAP.
    Where is this single family property located?
    The property is located at 1103 N Elm St Lumberton, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Turn-key investment opportunity with four fully furnished single-family properties.; - Net Operating Income of $118,000 per year, offering a **7.87% CAP rate**.; - Properties used as short-term and long-term rentals.
    (910) 738-3441
    Request Owner's contact information
    1103 N Elm St Lumberton, NC 28358
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    Lumberton, NC 28358
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1103 N Elm St Lumberton, NC 28358
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