Apartment Building with Townhome-Style
801 E Main Street, Aberdeen, NC 28315
For Sale
$2,150,000
Residential Income, Aberdeen, NC
Property Size15,082 SF
Lot Size2.92 Acres
Price / SF$142.55
Days on Market35
Property Features for 801 E Main Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License NC #222598
(919) 412-3913
Added: Oct 7
Changed: Oct 27
Last Checked: Nov 10 at 7:06PM
MLS# 10196990
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.
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Investment Insights
Based on property information with market context.
Pineview Apartments is a 14-unit multifamily property at 801 E Main Street in Aberdeen. Built in 1968, the 15,082-square-foot community includes townhome-style residences with two or three bedrooms. Four units are single-story, while ten have two stories. Property features include brick and vinyl siding, patios and porches, and assigned open parking in a parking lot.
The site is zoned to allow up to 23 total dwelling units, subject to applicable requirements and buyer verification. Public water and sewer serve the property.
The site is zoned to allow up to 23 total dwelling units, subject to applicable requirements and buyer verification. Public water and sewer serve the property.
Key Highlights
- 14‑unit multifamily community
- 15,082 square feet; built in 1968
- Four single‑story and ten two‑story residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,947
Cap Rate
6.18%
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 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $201,169 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The community combines two- and three-bedroom residences with both single- and two-story layouts.
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 $2,150,000.
What are key features of this property?
This property features: 14‑unit multifamily community; 15,082 square feet; built in 1968; Four single‑story and ten two‑story residences
