Multifamily Portfolio with Development
For Sale
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3552 Tart Street, Fayetteville, NC 28306
Two residential income properties span three parcels and include an additional vacant lot at a corner location.
Property Size2,250 SF
Price / SF$221.78
Days on Market54
Property Features for 3552 Tart Street
General Information
Standard status
Active
Size
2,250 SF
Class
C
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
R101-RES
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$42,000
Financials
Asking Price
$525,000
Cap Rate
8%
Building Details
Year Renovated
2024
Buildings
2
Units
6
Tenancy
Multi
Listing Agency:
ONNIT Realty Group
Listed By:
Nicholas Eiberger · License #309482
(910) 835-5537
Source:
Crexi
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 20 at 7:56PM
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 ONNIT Realty Group
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Investment Insights
Based on property information with market context.
This multifamily offering combines two income-producing residential properties across three parcels, with approximately 2,250 square feet and six occupied rental spaces. The portfolio includes rental accommodations at 3552 Tart Street and a room-rental residence at 3560 Tart Street, along with an additional vacant lot.
The properties occupy a corner location in Fayetteville, North Carolina, and are designated R101-RES. Any future construction on the vacant parcel would remain subject to zoning, permitting, utility availability, and governmental approval.
The properties occupy a corner location in Fayetteville, North Carolina, and are designated R101-RES. Any future construction on the vacant parcel would remain subject to zoning, permitting, utility availability, and governmental approval.
Key Highlights
- Two income‑producing residential properties across three parcels
- Approximately 2,250 total square feet
- Six occupied rental spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,885
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,700
$377.7K
Cap Rate 7%
$269,786
$269.8K
Cap Rate 9%
$209,833
$209.8K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$36.5K $16.20/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$34.3K $15.26/SF
− OpEx
−$15.5K −$6.87/SF
NOI
$18.9K $8.39/SF
Area
Fayetteville, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,700
Cap Rate 7%
$269,786
Cap Rate 9%
$209,833
Alternative Uses
Best Use
Apartment 5plus
$269.8K
$236.1K – $314.8K
NOI $18,885 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.1K
$431.5K – $575.3K
NOI $34,517 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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Business Placement
Demographics for 28306, NC
44,615
Population
17,723
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
69.7 sq mi
ZIP Area
640
Density / Sq Mi
$63,175
Median Household Income
$40,258
Median Earnings
$1,115
Median Rent
$218,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential income properties span three parcels and include an additional vacant lot at a corner location.
Where is this multifamily property located?
The property is located at 3552 Tart Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two income‑producing residential properties across three parcels; Approximately 2,250 total square feet; Six occupied rental spaces
