Apartment Building with Townhome-Style
New
For Sale
$2,300,000
801 E Main Street, Aberdeen, NC 28315
Residential Income, Aberdeen, NC
Property Size15,082 SF
Lot Size2.92 Acres
Price / SF$152.50
Days on Market3
Property Features for 801 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
29
Bathrooms
17
Full bathrooms
14
Half bathrooms
6
Rooms
Bathroom 17, Bedroom 2, Bedroom 28, Bedroom 10, Bedroom 29, Bathroom 5, Bedroom 6, Bedroom 16, Bedroom 26, Bedroom 8, Bathroom 9, Bedroom 1, Bedroom 23, Bedroom 12, Bathroom 12, Bathroom 2, Bathroom 19, Bathroom 15, Bedroom 9, Bedroom 22, Bedroom 24, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 15, Bathroom 11, Bathroom 16, Bedroom 21, Bathroom 6, Bathroom 8, Bedroom 3, Bathroom 1, Bathroom 10, Bedroom 18, Bedroom 25, Bathroom 7, Bathroom 20, Bedroom 7, Bedroom 17, Bedroom 19, Bedroom 11, Bedroom 27, Bedroom 5, Bedroom 14, Bathroom 18, Bathroom 14, Bedroom 13, Bathroom 13, Bedroom 20
Parking features
Open, Assigned, Parking Lot
Patio and Porch features
Patio, Porch
Exterior features
Rain Gutters
Subdivision
Not in a Subdivision
Standard status
Active
APN
00047514
Size
15,082 SF
Lot size
2.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36 41 42 59 57 Pt 35
Tax Annual Amount
13519
Legal Description
36 41 42 59 57 Pt 35
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Number of units
14
Flooring type
Vinyl, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
Deaton Investment Real Estate
(919) 847-1117
Listed By:
Thomas Furlow · License #222598
(919) 412-3913
Added: Oct 7
Last Checked: Oct 9 at 7:06AM
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.
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
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
Questions? Ask Rey
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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 $2,300,000.
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
