Triplex with
310 Hereford Lane, Spring Lake, NC 28390
For Sale
New
$285,000
Residential, Spring Lake, NC
Property Size3,050 SF
Lot Size0.85 Acres
Price / SF$93.44
Days on Market3
Property Features for 310 Hereford Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Fireplace
Appliances
Lot features
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Architectural style
Listing Agency:
GRANT-MURRAY HOMES
(910) 758-8322
Listed By:
GARY FUTCH · License #265136
(910) 322-1496
Added: Nov 7
Last Checked: Nov 9 at 6:06AM
MLS# 772017
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.
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Investment Insights
Based on property information with market context.
This brick triplex contains 3,050 square feet across three residential units on a 0.85-acre parcel. The interiors have been refreshed, and the property has a new roof. A garage provides on-site parking, and public sewer serves the property.
One lease is month-to-month, offering a different lease term for that unit than the other leases. Built in 1977, the property also includes central air conditioning, heat pump heating, and a fireplace.
One lease is month-to-month, offering a different lease term for that unit than the other leases. Built in 1977, the property also includes central air conditioning, heat pump heating, and a fireplace.
Key Highlights
- Three‑unit residential property with 3,050 square feet of building area
- One lease is month‑to‑month
- Property occupies 0.85 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,880
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,600
$437.6K
Cap Rate 7%
$312,571
$312.6K
Cap Rate 9%
$243,111
$243.1K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$42.5K $13.92/SF
− Vacancy
−$2.7K −$0.88/SF
EGI
$39.8K $13.04/SF
− OpEx
−$17.9K −$5.87/SF
NOI
$21.9K $7.17/SF
Area
Cumberland County, NC
Vacancy
6.30%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,600
Cap Rate 7%
$312,571
Cap Rate 9%
$243,111
Alternative Uses
Best Use
Multifamily LT 5
$395.7K
$346.3K – $461.7K
NOI $27,701 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$728.8K
$637.7K – $850.3K
NOI $51,017 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 28390, NC
23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include refreshed interiors, with one lease currently month-to-month.
Where is this triplex located?
The property is located at 310 Hereford Lane Spring Lake, NC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit residential property with 3,050 square feet of building area; One lease is month‑to‑month; Property occupies 0.85 acres
