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Four Single-Family Rental Portfolio
For Sale
$1,400,000

1103 N Elm Street, Lumberton, NC 28358

MULTI_FAMILY - Lumberton, NC

Property SizeContact for details
Days on Market276

Property Features for 1103 N Elm Street

General Information

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

Taxes and HOA fees

Tax Description LT ELM STREET
Legal Description LT ELM STREET

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Number of units 5
Listing Agency: COLDWELL BANKER PREMIER TEAM REALTY
Listed By: DAVID ZEITZ · License #200804
Added: Nov 20, 2025 Changed: Aug 13 Last Checked: Aug 23 at 5:06AM
MLS# 753726

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This offering includes four single-family properties sold together, presented as a turn-key rental portfolio. All units are fully furnished and used as a mix of short-term and long-term rentals. The seller reports an annual net operating income of $143,000 per year, and states that an Annual Property Operating Data sheet is available. Showings are by appointment only, with 72 hours’ notice required for bona fide, well-qualified candidates. The seller is not entertaining “subject to” financing offers.

The properties listed are all in Lumberton, NC 28358: 1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, and 307 W 18th St. Reported updates include new duct work under the home, a new kitchen disposal, new HVAC in the cottage, new drain lines for the cottage, and extensive landscaping and driveway improvements for 1103 N Elm. For 307 W 18th St, the seller notes a complete remodel of a main suite, addition of a complete bath and walk-in closet, new floors, new paint and wallpaper, and new drive-through and parking lot improvements, along with new siding and paint on the back of the home. Updates also include new landscaping in front of 840 Jane St.

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

744
Businesses Nearby

Demographics for 28358, NC

32,865
Population
14,838
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
196.6 sq mi
ZIP Area
167
Density / Sq Mi
$46,756
Median Household Income
$34,031
Median Earnings
$837
Median Rent
$106,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four fully furnished single-family properties are offered together for rental use, with appointment-only showings and recent updates.
Where is this multifamily property located?
The property is located at 1103 N Elm Street Lumberton, NC.
What is the asking price?
The asking price for this property is $1,400,000.
More about this property
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