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92-Unit Apartment Community
New
For Sale
$12,000,000

701 Fairway Dr, Oxford, NC 27565

A mix of one-, two-, and three-bedroom homes includes townhome layouts and shared resident amenities.

Property Size86,509 SF
Lot Size15.48 Acres
Days on Market2

Property Features for 701 Fairway Dr

General Information

Standard status Active
Size 86,509 SF
Lot size 15.48 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 92

Amenities

swimming pool
sundeck
BBQ and picnic area
club room
fitness center
on-site management
on-site maintenance
central heat and air conditioning
full-size washer and dryer hookups
private balcony or patio
above-standard ceiling heights
outside storage
fireplaces
2.50% Assumable HUD Loan: Opportunity to assume a 2.50% HUD loan, subject to HUD approval, a meaningful advantage in the current rate environment.
1BR + 2BR + 3BR Unit Mix: Diverse unit mix including one-, two-, and three-bedroom floor plans, plus townhome units with fireplaces.
Full Amenity Package: Swimming pool, sundeck, fitness center, club room, BBQ area, and full-size W/D hookups in every unit.
EPA Energy Star Certified: EPA Energy Star certified community delivering energy-efficient operations across all units.
Research Triangle Proximity: 29 miles north of Durham and Research Triangle Park via I-85, with six county I-85 interchanges.
Granville County Employment: Anchored by Revlon, Ontic Aerospace, Granville Health System, and Vance-Granville Community College.

Building Details

Building Size 86,509 SF
Year Built 2005
Units 92
Listing Agency: Charlotte Uptown Office
Listed By: Ryan Parrish · License #License(s): NC: 358857
Source: Marcusmillichap
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 3 at 2:32AM

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 Charlotte Uptown Office

Investment Insights

Based on property information with market context.

Built in 2005 on 15.48 acres, this 92-unit apartment community in Oxford offers one-, two-, and three-bedroom floor plans, including townhomes with fireplaces. Individual residences have central heating and air conditioning, full-size washer and dryer hookups, a balcony or patio, higher-than-standard ceilings, and exterior storage. The property holds EPA ENERGY STAR certification.

Residents have access to a swimming pool and sundeck, a barbecue and picnic area, a club room, and a fitness center. On-site management and maintenance are also provided.

Oxford is approximately 29 miles north of Durham and Research Triangle Park, along the I-85 corridor. The listing identifies Revlon, Ontic Aerospace, Granville Health System, and Vance-Granville Community College as Granville County employers.

Key Highlights

  • 92 apartments across 15.48 acres; built in 2005
  • One-, two-, and three‑bedroom plans, including townhomes with fireplaces
  • Each home has central heat and air conditioning, washer and dryer hookups, a balcony or patio, and outside storage

Property Analytics

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Current Use

Links At Thorndale Apartment Complex

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

92
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 27565, NC

24,676
Population
10,903
Households
2.3
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
319.0 sq mi
ZIP Area
77
Density / Sq Mi
$59,406
Median Household Income
$38,841
Median Earnings
$903
Median Rent
$193,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A mix of one-, two-, and three-bedroom homes includes townhome layouts and shared resident amenities.
Where is this apartment building located?
The property is located at 701 Fairway Dr Oxford, NC.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 92 apartments across 15.48 acres; built in 2005; One-, two-, and three‑bedroom plans, including townhomes with fireplaces; Each home has central heat and air conditioning, washer and dryer hookups, a balcony or patio, and outside storage
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