Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1716 Lynne Avenue Rocky Mount, NC 27801

    View on Map
    Claim this Listing
    Pending
    $5,300,000

    MULTI_FAMILY - Rocky Mount, NC

    Property size:
    1,940 SF
    Added:
    Feb 2, 2026
    Days on Market:
    95
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 1716 Lynne Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 6, Bathroom 3, Bathroom 5
    Standard status
    Pending
    APN
    376948936500
    Size
    1,940 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1716 Lynne Ave
    Tax Annual Amount
    2006

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Varies
    Building materials
    Brick Veneer
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Thomas Furlow

    Listing agent Thomas Furlow License #222598

    Listing office Deaton Investment Real Estate 6817 Falls of Neuse Ste. 106 Stephen Deaton, Raleigh, NC

    Listing date Feb 2, 2026

    MLS# 10144144 Listing URL

    Copyright © 2026 Doorify 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

    • Portfolio of 61 properties totaling 77 units, offering immediate scale.
    • Value‑add opportunity through rent increases and physical/operational improvements.
    • Discount‑to‑market bulk pricing.
    • Potential for profitable individual resale after renovation.
    • Predominantly single‑family rental portfolio.
    • Most properties located in Rocky Mount, N.C.

    Overview

    Rocky Mount Multifamily Portfolio

    The JLJB Rental Portfolio presents an opportunity to acquire 61 properties, totaling 77 units. 56 properties, comprising 71 units, are situated in Rocky Mount, NC, with the remaining 5 properties, consisting of 6 units, located in nearby Tarboro, NC. The properties, predominantly single-family rentals, have been under the same family's ownership and management since their construction. This portfolio, zoned R6, offers a value-add opportunity to increase rents and net income through physical and operational improvements. The bulk pricing may represent discount-to-market pricing for many of the individual homes. With a total property size of 1940 square feet, an investor could renovate and resell properties individually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.767063
    Latitude
    35.93734

    Nearby Similar for Sale

    • $849,900
      9,000 SF

      Versatile Commercial Building Near I-95

      9,000 SF commercial building on 3 acres near I-95.
      2040 Fenner, Rocky Mount, NC 27804
      View Details
    • $399,000
      11,680 SF

      Versatile Commercial Facility with Yard

      11,680 SF facility with flexible zoning and fenced yard.
      130 S Fairview Road, Rocky Mount, NC 27801
      View Details
    • $369,000
      2,260 SF

      High-Visibility Commercial Building on Busy Corridor

      Commercial building on 0.54-acre lot with expansion potential.
      1505 E Raleigh Boulevard, Rocky Mount, NC 27801
      View Details
    • $625,000
      10,000 SF

      Versatile Building in Rocky Mount, NC

      Adaptable commercial building suitable for various uses in Rocky Mount.
      420 Paul Street, Rocky Mount, NC 27803
      View Details
    • $149,000
      2,164 SF

      Rocky Mount Commercial Investment Opportunity

      Commercial building with four retail units and income potential.
      215 W Bassett Street, Rocky Mount, NC 27803
      View Details
    • $150,000
      1,367 SF

      Restaurant Space with Expansion Potential

      Commercial space ideal for restaurant or business with expansion options.
      601-603 N Pine Street, Rocky Mount, NC 27804
      View Details
    • $305,000
      60,000 SF

      Rocky Mount Warehouse Opportunity

      60,000 sq ft warehouse on 1.77 acres in Rocky Mount.
      801 Gold St, Rocky Mount, NC 27804
      View Details
    • $249,900
      1,650 SF

      Downtown Office Duplex For Sale

      Downtown office duplex with five offices on each side.
      411/413 Sunset Avenue, Rocky Mount, NC 27804
      View Details
    • $145,000
      3,968 SF

      Rocky Mount Quadruplex: Investor Special

      Four-unit property in Rocky Mount with significant upside potential.
      2004 S Church Street, Rocky Mount, NC 27803
      View Details
    • $550,000
      2,600 SF

      Retail/Showroom with Attached Warehouse

      Retail/showroom space with attached warehouse in a prime location.
      1241 Independence Drive, Rocky Mount, NC 27804
      View Details
    • $419,500
      4,766 SF

      Versatile Downtown Commercial Building

      Two-story building in downtown with development potential.
      115 N Church Street, Rocky Mount, NC 27804
      View Details
    • $449,000
      11,680 SF

      Versatile Commercial Facility with Fenced Yard

      11,680 SF commercial facility with flexible zoning and fenced yard.
      130 S Fairview, Rocky Mount, NC 27801
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 61 properties, 77 units in Rocky Mount and Tarboro, NC.
    Where is this multifamily property located?
    The property is located at 1716 Lynne Avenue Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Portfolio of 61 properties totaling 77 units, offering immediate scale.; Value‑add opportunity through rent increases and physical/operational improvements.; Discount‑to‑market bulk pricing.
    (919) 412-3913
    We can help!
    Listing Contact
    Thomas Furlow
    Real Estate License ID: 222598
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1716 Lynne Avenue, Rocky Mount, NC 27801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!