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Brick Multifamily Building with Townhomes
For Sale
$799,990
Pending

1619 Newark Avenue, Fayetteville, NC 28301

CommercialSale, Fayetteville, NC

Property Size9,636 SF
Days on Market78

Property Features for 1619 Newark Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description MR5 - Mixed Residential
Parking features Parking Lot
Subdivision NOT IN SUBDIVISION
Lot features Quarter To Half Acre Lot
Directions Directions: Murchison Rd to State St to Newark Ave.
Standard status Pending
APN 0438-04-4015
Size 9,636 SF

Taxes and HOA fees

Tax Description EVA MAE SLATER PROP LO:17-21 SE:01 BL:D PL:0010-0072
Legal Description EVA MAE SLATER PROP LO:17-21 SE:01 BL:D PL:0010-0072

Utilities

Sewer type Public Sewer
Heating system Baseboard
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1971
Building materials BrickVeneer, Frame
Roof type Metal
Listing Agency: KELLER WILLIAMS REALTY (FAYETTEVILLE)
Listed By: FRITZ FRANCIS · License #236960
Added: Jun 8 Changed: Aug 19 Last Checked: Aug 24 at 3:06PM
MLS# 763646

Copyright © 2026 Longleaf Pine Realtors. 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 brick multifamily building features a metal roof and replacement windows. The property includes four one-bedroom, one-bath apartments arranged 2 upstairs and 2 downstairs on each end of the building, along with eight two-bedroom, one-bath townhome-style units in two-story configurations. Washer/dryer hookups are provided in each unit.

The building is located within walking distance of Fayetteville State University. It also offers convenient access to historic downtown Fayetteville, public transportation, and the new Segra Baseball Stadium, along with restaurants, museums, and shops.

For buyers seeking a residential income property, the unit mix supports a range of household needs, combining 1-bedroom apartments with 2-bedroom townhome-style layouts. The current setup includes in-unit washer/dryer hookups, which can be a practical amenity for tenants. The seller notes that rents may be increased with cosmetic improvements; buyers should verify all details, including building size, prior to closing. Please do not disturb tenants, and there will be no showings without an accepted contract.

Key Highlights

  • 1971 brick 12‑unit building with a metal roof and replacement windows
  • Unit mix: 4 one‑bedroom, 1‑bath apartments and 8 two‑bedroom, 1‑bath townhome‑style units
  • Washer/dryer hookups in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 28301, NC

17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Twelve-unit brick property with washer/dryer hookups, offering a mix of 1-bedroom and townhome-style 2-bedroom units.
Where is this apartment building located?
The property is located at 1619 Newark Avenue Fayetteville, NC.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: 1971 brick 12‑unit building with a metal roof and replacement windows; Unit mix: 4 one‑bedroom, 1‑bath apartments and 8 two‑bedroom, 1‑bath townhome‑style units; Washer/dryer hookups in each unit
More about this property
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