Multifamily Property Near Campbell
601 Main Street, Lillington, NC 27546
MULTI_FAMILY - Lillington, NC
Type:Apartment
Property size:
46,400 SFLot size:
7.10 AcresPrice / SF:
$106/SF- Added:
- Feb 8, 2026
- Days on Market:
- 122
- Last Refresh:
- Jun 10 at 6:06 am
Property Features for 601 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- RA-30
- Bedrooms
- 71
- Bathrooms
- 88
- Rooms
- Bedroom 45, Bathroom 21, Bedroom 62, Bedroom 8, Bathroom 84, Bathroom 30, Bedroom 56, Bedroom 35, Bathroom 102, Bathroom 19, Bathroom 45, Bedroom 64, Bathroom 35, Bathroom 72, Bedroom 51, Bedroom 53, Bathroom 79, Bathroom 91, Bathroom 25, Bathroom 100, Bedroom 13, Bedroom 15, Bathroom 39, Bathroom 4, Bedroom 29, Bedroom 39, Bedroom 23, Bathroom 41, Bathroom 28, Bedroom 10, Bedroom 50, Bathroom 53, Bathroom 68, Bedroom 61, Bathroom 24, Bedroom 4, Bedroom 46, Bedroom 26, Bedroom 54, Bathroom 48, Bathroom 86, Bathroom 44, Bedroom 60, Bathroom 26, Bathroom 56, Bedroom 38, Bedroom 5, Bathroom 90, Bathroom 61, Bathroom 67, Bathroom 71, Bathroom 33, Bedroom 6, Bedroom 58, Bathroom 60, Bedroom 27, Bathroom 23, Bathroom 58, Bathroom 18, Bedroom 11, Bathroom 85, Bedroom 20, Bedroom 30, Bedroom 31, Bathroom 92, Bedroom 48, Bedroom 44, Bathroom 27, Bedroom 49, Bathroom 42, Bathroom 14, Bathroom 40, Bedroom 55, Bathroom 59, Bathroom 95, Bathroom 98, Bathroom 7, Bedroom 59, Bathroom 10, Bathroom 37, Bedroom 34, Bathroom 2, Bathroom 83, Bedroom 14, Bedroom 67, Bathroom 22, Bedroom 36, Bathroom 77, Bathroom 32, Bedroom 66, Bedroom 41, Bedroom 19, Bathroom 94, Bathroom 80, Bathroom 69, Bathroom 47, Bathroom 88, Bathroom 51, Bathroom 66, Bedroom 12, Bedroom 69, Bedroom 2, Bedroom 47, Bathroom 1, Bathroom 12, Bathroom 101, Bathroom 89, Bathroom 70, Bedroom 70, Bathroom 54, Bedroom 42, Bathroom 5, Bathroom 81, Bathroom 9, Bathroom 76, Bathroom 104, Bedroom 3, Bathroom 11, Bathroom 31, Bathroom 97, Bathroom 75, Bathroom 20, Bathroom 17, Bathroom 93, Bathroom 82, Bathroom 8, Bathroom 50, Bathroom 52, Bathroom 63, Bedroom 1, Bedroom 65, Bathroom 6, Bedroom 32, Bathroom 78, Bathroom 57, Bedroom 37, Bathroom 34, Bedroom 63, Bathroom 46, Bathroom 74, Bathroom 103, Bathroom 87, Bathroom 96, Bathroom 43, Bedroom 17, Bedroom 21, Bathroom 65, Bedroom 43, Bedroom 24, Bedroom 18, Bathroom 16, Bathroom 62, Bedroom 33, Bedroom 52, Bathroom 15, Bathroom 99, Bathroom 49, Bedroom 40, Bathroom 38, Bedroom 16, Bathroom 13, Bedroom 9, Bathroom 3, Bathroom 55, Bedroom 7, Bedroom 22, Bedroom 57, Bedroom 28, Bedroom 25, Bathroom 36, Bathroom 64, Bedroom 71, Bathroom 73, Bedroom 68, Bathroom 29
- Exterior features
- Storage
- Appliances
- Dishwasher, Dryer, Electric Cooktop, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 0670-86-6402.000/ 0670-86-7395.000
- Size
- 46,400 SF
- Lot size
- 7.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1.26AC PC#F-450C 5.843AC L C PULLEY MAP#98-248
- Tax Annual Amount
- 29817
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Forced Air
- Cooling system
- Heat Pump, Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick Veneer, Frame, Vinyl Siding
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing agent Lucia Turlington License #265256 (919) 697-6905
Listing office Turlington Real Estate Group 1008 S Clinton Avenue, Dunn, NC (910) 892-0463
Listing date Feb 8, 2026
MLS# 10145383
Listing URL
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approved plans for 24 additional units on 2.85 acres, with utilities at the road.
- Proven rental income with 100% occupancy year after year.
- Prime location within walking distance to Campbell University.
- Diverse unit mix (1, 2, and 3‑bedroom units) with ground‑level entrances.
- Well‑maintained property with recent upgrades including new roofs (2016) and LVP flooring in approximately 50% of units.
- Included appliances and ground care.
Overview
Located within walking distance of Campbell University and 10 minutes from Lillington, this multifamily property features a mix of one-bedroom, one-bathroom units, two-bedroom, two-and-a-half-bathroom units, and three-bedroom, three-bathroom units. The units have remained 100% occupied year after year, with rent increases occurring annually. The occupants are a mix of students, faculty, and the general public. The property consists of vinyl and brick exteriors on a slab, with all units having ground-level entrances. There is ample parking for occupants and visitors. Each unit is individually metered and all-electric. Included with each unit are a refrigerator, stove, washing machine, dryer, garbage dumpster, and ground care. An on-site office is currently used for storage by the property management and maintenance crew. The property has been maintained as needed, with all new roofs installed in 2016. AC units and appliances have been replaced as needed, and work orders are completed as they are submitted. Approximately 50% of the units have been updated with LVP flooring on the main level and in the bathrooms, with carpet replaced as needed. All tenants have a deposit in trust. Additionally, there are 2.85 acres of cleared land for 24 additional units in 4 buildings with 6 units each, already addressed by Harnett County, and plans are in hand. All utilities are at the road. The plans will be conveyed to the buyer at closing. The property is located in Lillington, North Carolina.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $684.9k | $14.76 |
| − Vacancy | −$46.6k | −$1.00 |
| EGI | $638.3k | $13.76 |
| − OpEx | −$287.2k | −$6.19 |
| NOI | $351.1k | $7.57 |
46,400 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.02M
$4.39M – $5.85M
NOI $351,061 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.10M
$8.84M – $11.78M
NOI $707,047 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Harnett County Schools
School District Office
Meredith Square Townhomes
Townhouse Complex
Location Insight
- Map
- Local Demand
- City
- Lillington
- County
- Harnett
- State
- North Carolina
- Longitude
- -78.7357761
- Latitude
- 35.4155739
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property near Campbell University with expansion potential.
Where is this apartment building located?
The property is located at 601 Main Street Lillington, NC.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approved plans for 24 additional units on 2.85 acres, with utilities at the road.; Proven rental income with 100% occupancy year after year.; Prime location within walking distance to Campbell University.
