Multi-Family
For Sale
$330,000
4413 W Church Street, Farmville, NC 27828
MULTI_FAMILY - Farmville, NC
Property Size4,014 SF
Lot Size0.34 Acres
Price / SF$82.21
Days on Market184
Property Features for 4413 W Church Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking features
Off Street
Subdivision
Not In Subdivision
Elementary school
HB Sugg
Middle school
Farmville Middle School
High school
Farmville Central High School
High school district
Pitt County Schools
Directions
from downtown Farmville go west on wilson st , turn left on Fields st and then right on church st , the building is just down on the left
Standard status
Active
APN
005712
Size
4,014 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
parcel # 05712
Tax Annual Amount
3717
Legal Description
parcel # 05712
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1901
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding, Wood Frame
Roof type
Composition
Listing Agency:
Lee and Harrell Real Estate Professionals
(252) 355-5006
Listed By:
Kevin Lee · License #186173
(252) 327-9668
Added: Feb 12
Changed: Aug 14
Last Checked: Aug 15 at 7:06PM
MLS# 100554290
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 multi-family quadplex is a residential income property offering for sale, with a total building size of 4,014 square feet on a 0.34-acre lot. The asset is zoned R5 and is configured for multiple tenants, making it a practical choice for an owner looking to operate a small rental building.
The property is located at 4413 W Church Street in Farmville, North Carolina. Public remarks indicate the building is within walking distance to downtown Farmville, where you’ll find art galleries, restaurants, a theatre, and shops.
For buyers seeking a smaller, multi-unit residential ownership opportunity, this quadplex provides a straightforward platform for operating rental units under the R5 zoning framework. With its compact lot footprint and established multi-tenant configuration, it may also appeal to tenants and investors looking for a manageable property size within the local rental market context described in the listing.
The property is located at 4413 W Church Street in Farmville, North Carolina. Public remarks indicate the building is within walking distance to downtown Farmville, where you’ll find art galleries, restaurants, a theatre, and shops.
For buyers seeking a smaller, multi-unit residential ownership opportunity, this quadplex provides a straightforward platform for operating rental units under the R5 zoning framework. With its compact lot footprint and established multi-tenant configuration, it may also appeal to tenants and investors looking for a manageable property size within the local rental market context described in the listing.
Key Highlights
- Multi‑unit building with 5 bedrooms and 4 bathrooms based on listed rooms
- Year built 1901 with wood frame and vinyl siding construction materials
- Central air conditioning with natural gas heating
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
$26,797
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
8.12%
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%
$535,940
$535.9K
Cap Rate 7%
$382,814
$382.8K
Cap Rate 9%
$297,744
$297.7K
Market Conditions
NOI Build-Up for 4,014 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
$40.9K $10.20/SF
− Vacancy
−$2.7K −$0.66/SF
EGI
$38.3K $9.54/SF
− OpEx
−$11.5K −$2.86/SF
NOI
$26.8K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /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%
$535,940
Cap Rate 7%
$382,814
Cap Rate 9%
$297,744
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,797 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$356.5K
$312.0K – $415.9K
NOI $24,956 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$873.8K
$764.6K – $1.02M
NOI $61,166 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 27828, NC
8,673
Population
4,006
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
84%
High-School Grad
79.3 sq mi
ZIP Area
109
Density / Sq Mi
$53,523
Median Household Income
$36,970
Median Earnings
$947
Median Rent
$156,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property offered for sale with rental-ready units near downtown Farmville amenities.
Where is this quadplex located?
The property is located at 4413 W Church Street Farmville, NC.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Multi‑unit building with 5 bedrooms and 4 bathrooms based on listed rooms; Year built 1901 with wood frame and vinyl siding construction materials; Central air conditioning with natural gas heating
