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    705 Peed Dr, Unit 5 Greenville, NC 27834

    Pending
    For Sale
    $775,100

    MULTI_FAMILY - Greenville, NC

    Property size:
    9,426 SF
    Lot size:
    0.87 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 705 Peed Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    R6
    APN
    46761
    Parking
    25
    Parking features
    Parking Lot
    Size
    9,426 SF
    Lot size
    0.87 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1987
    Number of units
    16
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition

    Vic Corey Real Estate (252) 341-4989

    Listing agent VIC COREY (252) 321-1990 License #122932

    Listing date Nov 4, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of 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

    Greenville Multifamily Investment Opportunity

    Located in Summerfield Gardens in Greenville, NC, 705 Peed Dr is a multifamily property in close proximity to dining, retail shopping, and the hospital. The building consists of 12 one-bedroom, one-bath apartments and 4 two-bedroom, one-bath apartments. The property has a 94% occupancy rate and a waiting list. The property is zoned R6 and has a building size of 9426 square feet on a lot of 0.87 acres. The property is located across from Parkers #1 off Memorial Dr. Present rents are $550 per month for one-bedroom units and $650 per month for two-bedroom units, which are under market value with room to increase. No large capital improvements are needed at this time.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LOVELY BABYSITTING SERVICES Child Care Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.400708
    Latitude
    35.574598

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Greenville, NC with high occupancy rate.
    Where is this apartment building located?
    The property is located at 705 Peed Dr, Unit 5 Greenville, NC.
    What is the asking price?
    The asking price for this property is $775,100.
    What are key features of this property?
    This property features: - High occupancy rate of 94% with a waiting list showing strong tenant demand.; - Opportunity to increase rental income with below-market rents.; - Located in desirable Summerfield Gardens, Greenville, NC.
    (252) 321-1990
    Request Owner's contact information
    705 Peed Dr, Unit 5 Greenville, NC 27834
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    Greenville, NC 27834
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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
    705 Peed Dr, Unit 5 Greenville, NC 27834
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