8-Unit Apartment
For Sale
$1,450,000
Pending
19-55 Crew Court, Whiteville, NC 28472
MULTI_FAMILY - Whiteville, NC
Property Size11,076 SF
Days on Market338
Property Features for 19-55 Crew Court
General Information
Property type
Residential Multi Family
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 3
Last Checked: Aug 7 at 8:06AM
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 apartment portfolio consists of four duplex buildings completed in 2023. The unit mix includes four two-bedroom, two-bath residences and four three-bedroom, two-and-a-half-bath residences. Each home features an open layout, laminate flooring, granite countertops, stainless steel appliances, a main-level laundry room, and a one-car garage. The property contains 11,076 square feet and uses brick veneer, vinyl siding, and wood-frame construction, with central air and electric heat pump systems serving the units.
Located in Whiteville, North Carolina, the portfolio is connected to public water and public sewer. Shingle roofing, uniform construction, and consistent interior specifications create a cohesive physical profile across the four buildings. Zoning is identified as bf-wr. The combination of multiple residential units, recent construction, and a defined unit mix provides a clear format for multifamily ownership and management.
Located in Whiteville, North Carolina, the portfolio is connected to public water and public sewer. Shingle roofing, uniform construction, and consistent interior specifications create a cohesive physical profile across the four buildings. Zoning is identified as bf-wr. The combination of multiple residential units, recent construction, and a defined unit mix provides a clear format for multifamily ownership and management.
Key Highlights
- Four duplex buildings comprising 8 total units
- 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
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?
Apartment building - Four duplex buildings offer contemporary finishes, main-level laundry, and one-car garages throughout the portfolio.
Where is this apartment building 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: Four duplex buildings comprising 8 total units; Unit mix includes four 2‑bedroom, 2‑bath homes and four 3‑bedroom, 2.5‑bath homes; 11,076 square feet completed in 2023
