Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    113 Hillside Ave Fayetteville, NC 28301

    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Victorian - Fayetteville, NC

    Property size:
    5,000 SF
    Days on Market:
    2
    Last Refresh:
    Feb 7 at 4:06 am

    Property Features for 113 Hillside Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0437-35-0679
    Exterior features
    Balcony, CornerLot
    Size
    5,000 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    8
    Flooring type
    Hardwood, Laminate
    Building materials
    WoodFrame
    Architectural style
    Victorian

    We can help!

    Listing Contact
    JUSTIN DEAL

    ERA Strother Real Estate (910) 864-2325

    Listing agent JUSTIN DEAL (910) 864-2325 License #328954

    Listing date Feb 6, 2026

    MLS# 757061 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Victorian Multifamily Property in Fayetteville

    This large home in Haymount offers over 5,000 square feet and features eight units, all of which are currently occupied. The property is priced at an 8% cap rate. The cumulative gross monthly rent is $6475, with a pro forma cumulative gross monthly rent of $6900. Tenants are responsible for utilities. This property offers excellent cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.889485
    Latitude
    35.05703

    Nearby Similar for Sale

    • New
      $249,999
      1,371 SF

      Renovated Fayetteville Ranch Home

      Recently renovated 4-bedroom home in quiet Fayetteville neighborhood.
      1823 Cascade St, Fayetteville, NC 28301
      View Details
    • $925,000
      0.18 Acres

      Historic Downtown Fayetteville Two-Story Building

      Two-story building in historic downtown Fayetteville, suitable for office or retail.
      127 Hay St, Fayetteville, NC 28301
      View Details
    • $70,000
      Pending

      Fayetteville Duplex Investment Opportunity

      Two vacant duplexes, each unit with one bedroom and bath.
      324 Rhew St, Fayetteville, NC 28303
      View Details
    • New
      $379,000
      Pending

      Haymount Duplex: Turnkey Income Property

      Income-producing duplex in Haymount, fully furnished and equipped.
      2511 Mcneill Cir, Fayetteville, NC 28303
      View Details
    • $369,999
      Pending

      New Construction Duplex For Sale

      New construction duplex for sale, estimated completion March 2026.
      2026 A & B Progress St, Fayetteville, NC 28306
      View Details
    • $800,000

      Office Condos For Sale

      Ground floor office condos, fully leased, income-producing property.
      2525 Raeford Rd, Fayetteville, NC 28305
      View Details
    • $1,000,000
      7,868 SF

      Fayetteville Retail and Office Space

      7,868 SF retail/office property in Fayetteville's heart.
      4441 Bragg Blvd, Fayetteville, NC 28303
      View Details
    • New
      $167,500
      1,142 SF

      Updated Duplex Near Fort Bragg

      Updated duplex near shopping, dining, and Fort Bragg.
      402 Andros Dr, Fayetteville, NC 28314
      View Details
    • $165,000
      Pending

      Renovated Duplex: Investment or Owner-Occupant

      Turnkey duplex with new upgrades, ideal for investors or owner-occupants.
      209&211 Gertrude St, Fayetteville, NC 28303
      View Details
    • $400,000
      Pending

      Renovated Retail Space on Raeford

      Recently renovated retail space with frontage on Raeford Road.
      5318 Raeford Rd, Fayetteville, NC 28304
      View Details
    • New
      $249,999
      1,336 SF

      Renovated Ranch Home, Corner Lot

      Renovated brick ranch with modern upgrades, convenient location.
      7001 Bronwyn St, Fayetteville, NC 28314
      View Details
    • New
      $600,000
      Pending

      Fayetteville Office Building For Sale

      Office building in a prime location, convenient to Fort Liberty.
      269 Westlake Rd, Fayetteville, NC 28303
      View Details

    FAQs

    What type of property is this?
    Apartment building - Large Victorian home with eight units and excellent cash flow.
    Where is this apartment building located?
    The property is located at 113 Hillside Ave Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - 8-unit property with excellent cash flow.; - Priced at an attractive 8% cap rate.; - Current gross monthly rent of $6475.
    (910) 864-2325
    Request Owner's contact information
    113 Hillside Ave Fayetteville, NC 28301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 Hillside Ave
    Fayetteville, NC 28301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    113 Hillside Ave Fayetteville, NC 28301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JUSTIN DEAL
    Real Estate License ID: 328954
    (910) 864-2325
    Learn more
    Google sign-in failed. Please try again or use another login method.