Charming Multi-Family Investment
133 /135 S Pine Street Aberdeen, NC 28315
For Sale
Under Contract
$1,175,000
MULTI_FAMILY - Aberdeen, NC
Property Size4,800 SF
Lot Size0.46 Acres
Price / SF$244.79
Days on Market253
Property Features for 133 /135 S Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
TH
Bedrooms
8
Bathrooms
10
Rooms
Bathroom 3, Bedroom 3, Bathroom 7, Bedroom 8, Bedroom 5, Bedroom 2, Bathroom 10, Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 6, Bathroom 8, Bedroom 4, Bathroom 11, Bathroom 1, Bathroom 9, Bedroom 1, Bathroom 12, Bedroom 7
Parking features
Assigned
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Pantry, Blinds/Shades
Exterior features
Mail on Site
Appliances
Electric Oven, Electric Cooktop, Built-In Microwave, Washer, Refrigerator, Ice Maker, Dryer, Disposal, Dishwasher
Standard status
Active Under Contract
APN
00046139
Size
4,800 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PINE STREET & SOUTH
Tax Annual Amount
4280
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Forced Air, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Number of units
4
Flooring type
Lvt/lvp, Carpet
Building materials
Brick, Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
eXp Realty
(888) 584-9431
Listed By:
Wesley Smith · License #283687
(919) 810-4826
Added: Nov 18, 2025
Changed: Jul 18
Last Checked: Jul 29 at 3:06AM
MLS# 100541958
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.
Located in the heart of historic downtown Aberdeen, this charming four-unit multi-family property presents an excellent investment opportunity. Situated at the corner of Pine and South, the property enjoys an unmatched location, with shops, restaurants, a brewery, a coffee shop, an outdoor park, and the new library all within a few blocks. Constructed in 2000, each unit features an open-concept living area and kitchen. The layout includes 2 bedrooms and 2 full bathrooms upstairs, along with a half bath on the main level. Storage is available throughout each unit. Residents can enjoy a covered front porch, an outdoor storage closet, and a private back patio with professional landscaping. A new roof was installed over all units in 2025. The property, zoned TH, spans a lot size of 0.46 acres, with a total property size of 4800 square feet. This four-unit property offers potential for investors seeking reliable returns in a growing area of Moore County.
Key Highlights
- 4‑unit multi‑family property built in 2000 at 123/125 and 133/135 S Pine St
- New roof over all units added in 2025
- Each unit features 2 bedrooms and 2 full bathrooms upstairs, plus a guest half bath on the main level
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 | $68.5k | $14.28 |
| − Vacancy | −$3.0k | −$0.62 |
| EGI | $65.5k | $13.66 |
| − OpEx | −$19.7k | −$4.10 |
| NOI | $45.9k | $9.56 |
4,800 SF · lease $14.28/SF/yr · vacancy 4.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$655.5K
$573.6K – $764.7K
NOI $45,884 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$604.5K
$528.9K – $705.2K
NOI $42,312 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$914.6K
$800.3K – $1.07M
NOI $64,024 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multi-family property in historic downtown Aberdeen.
Where is this quadplex located?
The property is located at 133 /135 S Pine Street Aberdeen, NC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 4‑unit multi‑family property built in 2000 at 123/125 and 133/135 S Pine St; New roof over all units added in 2025; Each unit features 2 bedrooms and 2 full bathrooms upstairs, plus a guest half bath on the main level
