Remodeled Four-Unit
112 E Calhoun Street, Whiteville, NC 28472
For Sale
$497,500
Residential Income, Whiteville, NC
Property Size5,162 SF
Lot Size0.26 Acres
Price / SF$96.38
Days on Market162
Property Features for 112 E Calhoun Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Berkshire Hathaway HomeServices Carolina Premier Properties
(910) 222-4060
Listed By:
Lisa A Bass · License #185361
(910) 620-7478
Added: Jun 1
Changed: Oct 30
Last Checked: Nov 9 at 10:06AM
MLS# 100578261
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains approximately 5,162 square feet on 0.26 acres. Each residence measures approximately 1,228 square feet and includes two bedrooms, one bathroom, a separate kitchen, and a spacious living room. Recent remodeling incorporates hardwood flooring, plaster walls, high ceilings, blinds or shades, and furnished interiors. Units also include washer and dryer connections, pantries, electric ovens, and refrigerators.
The property is located at 112 E Calhoun Street in Whiteville, NC, within R12 zoning. On-site features include a paved parking lot, driveway and additional off-street parking, along with mail and trash facilities. Porches, patios, and decks provide outdoor areas, while public water, central air, heat pumps, and forced-air heating serve the building. Constructed in 1952, the property has brick, brick veneer, and wood-frame construction with flat and shingle roofing.
The property is located at 112 E Calhoun Street in Whiteville, NC, within R12 zoning. On-site features include a paved parking lot, driveway and additional off-street parking, along with mail and trash facilities. Porches, patios, and decks provide outdoor areas, while public water, central air, heat pumps, and forced-air heating serve the building. Constructed in 1952, the property has brick, brick veneer, and wood-frame construction with flat and shingle roofing.
Key Highlights
- Four‑unit property with approximately 5,162 square feet
- Each unit is approximately 1,228 square feet with 2 bedrooms and 1 bathroom
- 0.26‑acre site at 112 E Calhoun Street, Whiteville, NC 28472
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,818
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,360
$816.4K
Cap Rate 7%
$583,114
$583.1K
Cap Rate 9%
$453,533
$453.5K
Market Conditions
NOI Build-Up for 5,162 SF
Gross rent
$79.3K $15.36/SF
− Vacancy
−$5.1K −$0.98/SF
EGI
$74.2K $14.38/SF
− OpEx
−$33.4K −$6.47/SF
NOI
$40.8K $7.91/SF
Area
Columbus County, NC
Vacancy
6.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,360
Cap Rate 7%
$583,114
Cap Rate 9%
$453,533
Alternative Uses
Best Use
Multifamily LT 5
$657.4K
$575.2K – $767.0K
NOI $46,019 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$583.1K
$510.2K – $680.3K
NOI $40,818 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,653 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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Business Placement
Demographics for 28472, NC
17,308
Population
8,073
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
91%
High-School Grad
197.9 sq mi
ZIP Area
87
Density / Sq Mi
$48,963
Median Household Income
$36,535
Median Earnings
$788
Median Rent
$141,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished residences feature two bedrooms, one bath, separate kitchens, and dedicated living areas.
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 $497,500.
What are key features of this property?
This property features: Four‑unit property with approximately 5,162 square feet; Each unit is approximately 1,228 square feet with 2 bedrooms and 1 bathroom; 0.26‑acre site at 112 E Calhoun Street, Whiteville, NC 28472
