8-Unit Multifamily
For Sale
$1,450,000
Pending
19-55 Crew Court, Whiteville, NC 28472
Commercial Sale, Whiteville, NC
Property Size11,076 SF
Days on Market353
Property Features for 19-55 Crew Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
bf-wr
Parking
16
Parking features
Garage
Lot features
Level
Directions
Head South on 701 from Whiteville. Take a left on Pleasant Plains Church Road. Magnolia Park will be on your right. You can enter in your GPS 5275 Pleasant Plains Church Road to get to the property.
Standard status
Pending
APN
0189.00-27-7200.000
Size
11,076 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots1,2,11,12 Magnolia Subdivision
Tax Annual Amount
14065
Legal Description
Lots1,2,11,12 Magnolia Subdivision
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Number of units
8
Flooring type
Laminate
Building materials
Brick Veneer, Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
eXp Realty
(888) 584-9431
Listed By:
Karen D Williams · License #236435
(919) 809-0241
Added: Sep 4, 2025
Changed: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# 100528909
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 8-unit multifamily portfolio consists of four duplex buildings at 19-55 Crew Court in Whiteville, North Carolina. Completed in 2023, the property contains 11,076 square feet and includes four 2-bedroom, 2-bath units plus four 3-bedroom, 2.5-bath units. Each residence features an open floor plan, laminate flooring, granite countertops, stainless appliances, and a main-level laundry room. One-car garages provide dedicated parking for each unit.
Construction includes brick veneer, vinyl siding, and wood framing, with central air, electric forced-air heat pumps, shingle roofs, public water, and public sewer. The property is identified with BF-WR zoning and is located in Columbus County within ZIP Code 28472.
Construction includes brick veneer, vinyl siding, and wood framing, with central air, electric forced-air heat pumps, shingle roofs, public water, and public sewer. The property is identified with BF-WR zoning and is located in Columbus County within ZIP Code 28472.
Key Highlights
- 8 total units across 4 duplex buildings
- Unit mix includes four 2‑bedroom, 2‑bath homes and four 3‑bedroom, 2.5‑bath homes
- 11,076 square feet completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,741
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,974,820
$2.0M
Cap Rate 7%
$1,410,586
$1.4M
Cap Rate 9%
$1,097,122
$1.1M
Market Conditions
NOI Build-Up for 11,076 SF
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.
Gross rent
$150.2K $13.56/SF
− Vacancy
−$9.1K −$0.82/SF
EGI
$141.1K $12.74/SF
− OpEx
−$42.3K −$3.82/SF
NOI
$98.7K $8.91/SF
Area
Columbus County, NC
Vacancy
6.08%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,974,820
Cap Rate 7%
$1,410,586
Cap Rate 9%
$1,097,122
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.65M
NOI $98,741 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,582 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,076 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four duplex buildings offer modern finishes, attached garages, and main-level laundry rooms supported by public utilities.
Where is this multifamily property located?
The property is located at 19-55 Crew Court Whiteville, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8 total units across 4 duplex buildings; Unit mix includes four 2‑bedroom, 2‑bath homes and four 3‑bedroom, 2.5‑bath homes; 11,076 square feet completed in 2023
