14-Unit Townhome-Style Apartment
New
For Sale
$2,300,000
801 E Main Street, Aberdeen, NC 28315
Residences offer two- and three-bedroom layouts in both single-story and two-story configurations.
Property Size15,082 SF
Lot Size2.70 Acres
Price / SF$152.50
Days on Market6
Property Features for 801 E Main Street
General Information
Standard status
Active
Size
15,082 SF
Lot size
2.70 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$13,519
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Source:
Exprealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:44PM
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 Deaton Investment Real Estate
Investment Insights
Based on property information with market context.
Pineview Apartments is a 14-unit multifamily property with 15,082 square feet of building area. Its townhome-style residences include two- and three-bedroom layouts; four units are single-story and ten are two-story. Operations are stabilized.
The property occupies approximately 2.7 acres at 801 E Main Street in Aberdeen, within the Southern Pines-Pinehurst-Aberdeen corridor. The area offers access to employment, healthcare, retail, and recreation. Zoning allows up to 23 total dwelling units, subject to applicable requirements and buyer verification.
The property occupies approximately 2.7 acres at 801 E Main Street in Aberdeen, within the Southern Pines-Pinehurst-Aberdeen corridor. The area offers access to employment, healthcare, retail, and recreation. Zoning allows up to 23 total dwelling units, subject to applicable requirements and buyer verification.
Key Highlights
- 14‑unit community with townhome‑style residences
- Four single‑story units and ten two‑story units
- Two- and three‑bedroom residence layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,947
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,940
$2.7M
Cap Rate 7%
$1,899,243
$1.9M
Cap Rate 9%
$1,477,189
$1.5M
Market Conditions
NOI Build-Up for 15,082 SF
Gross rent
$253.4K $16.80/SF
− Vacancy
−$11.7K −$0.77/SF
EGI
$241.7K $16.03/SF
− OpEx
−$108.8K −$7.21/SF
NOI
$132.9K $8.81/SF
Area
Moore County, NC
Vacancy
4.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,940
Cap Rate 7%
$1,899,243
Cap Rate 9%
$1,477,189
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.22M
NOI $132,947 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $201,169 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 28315, NC
13,500
Population
6,350
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
65.0 sq mi
ZIP Area
208
Density / Sq Mi
$73,079
Median Household Income
$45,644
Median Earnings
$1,131
Median Rent
$279,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residences offer two- and three-bedroom layouts in both single-story and two-story configurations.
Where is this apartment building located?
The property is located at 801 E Main Street Aberdeen, NC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 14‑unit community with townhome‑style residences; Four single‑story units and ten two‑story units; Two- and three‑bedroom residence layouts
