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    Four-Unit Residential Income Title is generated by Realmo AI

    112 E Calhoun Street, Whiteville, NC 28472

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    Claim this Listing
    New
    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:
    5
    Last Refresh:
    Jun 5 at 1:06 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 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 8
    Parking features
    Parking Lot, Driveway, Paved or Surfaced, Off Street
    Security features
    Security Lighting
    Patio and Porch features
    Deck, Porch, 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
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air
    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
    Flat, Shingle

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    Listing Contact
    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 apartments: each unit is approximately 1,228 SF with 2 bedrooms and 1 bath
    • Units are fully furnished and include a separate kitchen and spacious living room
    • Recently remodeled apartment units with hardwood/wood flooring and plaster walls throughout
    • 1952 construction with brick veneer and wood frame exterior materials
    • Heating and cooling include central air and heat pump, plus forced‑air and electric heating
    • On‑site outdoor features include a patio, deck, and porch; parking includes driveway, off‑street, and a parking lot

    Overview

    This four-unit residential income property consists of four recently remodeled apartments, each with two bedrooms and one bathroom, plus a spacious living room and a separate kitchen. The interior features hardwood floors and plaster walls throughout. The apartments are fully furnished, positioned for immediate leasing, and are presented as tenant-ready units.

    The property is located at 112 E Calhoun Street in Whiteville, North Carolina, within Columbus County. The site covers approximately 0.26 acres, supporting a compact multi-family arrangement.

    For investors or owner-operators seeking a small residential portfolio, the building’s consistent unit mix and furnished presentation may appeal for hassle-reduced onboarding. Each unit is described as approximately 1,228 square feet, which can simplify planning for leasing and tenant use. The listing also notes that possible owner financing may be considered with a substantial down payment and an approved credit check. Buyer qualification and financing terms would be subject to approval.

    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, one-bath apartments are fully furnished and ready for occupancy.
    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 apartments: each unit is approximately 1,228 SF with 2 bedrooms and 1 bath; Units are fully furnished and include a separate kitchen and spacious living room; Recently remodeled apartment units with hardwood/wood flooring and plaster walls throughout
    More about this property
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