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    Remodeled Four-Unit Apartment Building Title is generated by Realmo AI

    112 E Calhoun Street, Whiteville, NC 28472

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    Claim this Listing
    For Sale
    $525,000

    MULTI_FAMILY - Whiteville, NC

    Property size:
    5,162 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $101/SF
    Added:
    Jun 1, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 27 at 5:06 pm

    Property Features for 112 E Calhoun Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R12
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 7
    Parking features
    Off Street, Parking Lot, Paved or Surfaced, Driveway
    Security features
    Security Lighting
    Patio and Porch features
    Porch, Deck, Patio
    Interior features
    High Ceilings, Wash/Dry Connect, Furnished, Pantry, Blinds/Shades
    Exterior features
    Mail on Site, Trash on Site
    Appliances
    Electric Oven, Washer, Refrigerator, Dryer
    Standard status
    Active
    APN
    000152
    Size
    5,162 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PIN 0281.04.91.8450.000
    Tax Annual Amount
    1418

    Utilities

    Heating system
    Forced Air, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Wood
    Building materials
    Brick, Brick Veneer, Wood Frame
    Roof type
    Shingle, Flat

    We can help!

    Contact an agent
    Lisa A Bass

    Listing agent Lisa A Bass License #185361

    Listing office Berkshire Hathaway HomeServices Carolina Premier Properties 7201 E Oak Island Drive, Oak Island, NC

    Listing date Jun 1, 2026

    MLS# 100578261 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four remodeled, fully furnished apartments in a southern traditional style complex
    • Two‑bedroom, one‑bath layout with spacious living rooms and separate kitchens
    • Approx. 1,228 SF per unit
    • 1952 construction with hardwood/wood flooring and plaster walls
    • Units include electric oven, washer, dryer, and refrigerator
    • Heat pump heating and central air cooling; shingle and flat roofing

    Overview

    This property is a four-unit apartment complex featuring recently remodeled apartments, each with two bedrooms and one bathroom. Units offer a spacious living room with a separate kitchen, and interior finishes noted as hardwood floors and plaster walls. Each unit is approximately 1,228 square feet and is fully furnished and ready for rent.

    The building sits on a 0.26-acre lot and is zoned R12. The property is located at 112 E Calhoun Street in Whiteville, North Carolina, within Columbus County.

    For tenants, buyers, or operators seeking a small multifamily asset with move-in-ready furnishings, the unit configuration is consistent across the four apartments: two-bedroom, one-bath layouts with living room and separate kitchen spaces. The listing also notes that the broker is a member-manager of the LLC that owns the property.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $70.0k $13.56
    − Vacancy −$4.3k −$0.82
    EGI $65.7k $12.74
    − OpEx −$19.7k −$3.82
    NOI $46.0k $8.91
    5,162 SF · lease $13.56/SF/yr · vacancy 6.08% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $657.4K
    $575.2K – $767.0K (±1% cap)
    NOI $46,019 @ 7.0% cap · market cap 8.77%
    Second Best
    Apartment 5plus
    $583.1K
    $510.2K – $680.3K (±1% cap)
    NOI $40,818 @ 7.0% cap · market cap 7.77%
    Theoretical Best
    Office A
    $1.25M
    $1.10M – $1.46M (±1% cap)
    NOI $87,653 @ 7.0% cap · market cap 16.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Whiteville
    County
    Columbus
    State
    North Carolina
    Longitude
    -78.702392
    Latitude
    34.33046

    FAQs

    What type of property is this?
    Quadplex - Four recently remodeled two-bedroom apartments with hardwood floors and furnishings ready for immediate rental.
    Where is this quadplex located?
    The property is located at 112 E Calhoun Street Whiteville, NC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Four remodeled, fully furnished apartments in a southern traditional style complex; Two‑bedroom, one‑bath layout with spacious living rooms and separate kitchens; Approx. 1,228 SF per unit
    More about this property
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