Remodeled Four-Unit Apartment
112 E Calhoun Street Whiteville, NC 28472
112 E Calhoun Street, Whiteville, NC, 28472
$525,000
For Sale
$525,000
MULTI_FAMILY - Whiteville, NC
Property Size5,162 SF
Lot Size0.26 Acres
Price / SF$101.70
Days on Market51
Property Features for 112 E Calhoun Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R12
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 2
- Parking features
- Driveway, Off Street, Parking Lot, Paved or Surfaced
- Security features
- Security Lighting
- Patio and Porch features
- Patio, Porch, Deck
- 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
- 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
Listing agency
Berkshire Hathaway HomeServices Carolina Premier Properties
(910) 222-4060
Listed by
Lisa A Bass · License #185361
(910) 620-7478
Added: Jun 1 Updated: Jul 18 at 7:22AM Checked: Jul 21 at 1:06PM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Apartment complex with four recently remodeled 2‑bedroom, 1‑bath units and spacious living rooms with separate kitchens
- Each unit is approximately 1,228 SF and is fully furnished and ready to rent
- 1952 construction with hardwood floors and plaster walls throughout
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
NOI $46,019 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$583.1K
$510.2K – $680.3K
NOI $40,818 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,653 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
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: Apartment complex with four recently remodeled 2‑bedroom, 1‑bath units and spacious living rooms with separate kitchens; Each unit is approximately 1,228 SF and is fully furnished and ready to rent; 1952 construction with hardwood floors and plaster walls throughout
