12-Unit Multifamily Apartment
For Sale
Contact for pricing
315 Hall Lane, Pineville, NC 28134
Twelve-unit apartment community with all units occupied, offering a mix of one- and two-bedroom layouts.
Property Size9,250 SF
Price / SF$243.24
Days on Market154
Property Features for 315 Hall Lane
General Information
Standard status
Active
Size
9,250 SF
Property subtype
Multifamily
Zoning
R-7
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$159,168
Site & Location
Neighborhood
Falcon Bridge
Additional Details
Multifamily Units
12
Building Details
Year Built
1972
Year Renovated
2023
Buildings
2
Units
12
Tenancy
Multi
Listing Agency:
HRC Partners, LLC
Listed By:
Ronny Chakra · License #322716
Source:
Crexi
Added: May 30
Changed: Oct 25
Last Checked: Oct 28 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HRC Partners, LLC
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Investment Insights
Based on property information with market context.
This 12-unit multifamily apartment community is 100% occupied and consists of four two-bedroom units and eight one-bedroom units. The property has benefited from major capital improvements, and ownership has successfully increased rents on six of the units. The remaining six units are positioned for continued rent adjustments going forward.
Located in Pineville, North Carolina at 315 Hall Lane, the community is described as conveniently near Charlotte’s major employment centers, shopping, and transportation corridors. While the listing does not provide further site specifics, the unit mix and current occupancy provide a straightforward operational profile for an owner-operator or investor.
For buyers seeking a stabilized, occupied income property with an existing unit mix, this community may fit well. The fact pattern supports a two-part approach: rents have been increased on half of the units, while the other half represent the area where further rent growth is expected through future adjustments. Please do not disturb tenants.
Located in Pineville, North Carolina at 315 Hall Lane, the community is described as conveniently near Charlotte’s major employment centers, shopping, and transportation corridors. While the listing does not provide further site specifics, the unit mix and current occupancy provide a straightforward operational profile for an owner-operator or investor.
For buyers seeking a stabilized, occupied income property with an existing unit mix, this community may fit well. The fact pattern supports a two-part approach: rents have been increased on half of the units, while the other half represent the area where further rent growth is expected through future adjustments. Please do not disturb tenants.
Key Highlights
- 12‑unit apartment community with all units occupied (100% occupied)
- Unit mix: 4 two‑bedroom units and 8 one‑bedroom units
- Year built: 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,343
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,860
$1.4M
Cap Rate 7%
$990,614
$990.6K
Cap Rate 9%
$770,478
$770.5K
Market Conditions
NOI Build-Up for 9,250 SF
Gross rent
$137.6K $14.88/SF
− Vacancy
−$11.6K −$1.25/SF
EGI
$126.1K $13.63/SF
− OpEx
−$56.7K −$6.13/SF
NOI
$69.3K $7.50/SF
Area
Mecklenburg County, NC
Vacancy
8.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,860
Cap Rate 7%
$990,614
Cap Rate 9%
$770,478
Alternative Uses
Best Use
Apartment 5plus
$990.6K
$866.8K – $1.16M
NOI $69,343 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,225 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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Business Placement
Demographics for 28134, NC
12,411
Population
5,299
Households
2.3
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
1,495
Density / Sq Mi
$82,947
Median Household Income
$45,076
Median Earnings
$1,694
Median Rent
$336,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit apartment community with all units occupied, offering a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 315 Hall Lane Pineville, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12‑unit apartment community with all units occupied (100% occupied); Unit mix: 4 two‑bedroom units and 8 one‑bedroom units; Year built: 1972
