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    879 Holland Rd Pelham, NC 27311

    For Sale
    $245,000

    Four-unit property with significant income potential and recent updates.

    Property size:
    4,000 SF
    Lot size:
    1.31 Acres

    Property Features for 879 Holland Rd

    General Information

    Size
    4,000 SF
    Lot size
    1.31 Acres

    Building Details

    Year built
    1957

    Source: KW Central Agent Rick Fain

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Multifamily Investment Opportunity

    This multifamily property features four units, offering an investment opportunity. One 1200-square-foot unit has been fully remodeled with an open floorplan, new LVP flooring, updated kitchen and bath, laundry room, and appliances; it is currently rented for $950 per month. An additional single-family home (SFH) is rented for $545 per month, with a potential rental value of $850 per month. A vacant 1200-square-foot unit is available for remodeling, similar to its twin, with a potential rental value of $950 or more per month. The fourth unit, a single-family home, requires minor repairs and has a potential rental value of $850 per month. Each unit is equipped with an electric heat pump and AC, estimated to be 10 years old. The duplex has a newer roof installed in 2024. The property includes a private paved parking lot and gravel driveways, spacious backyards on 1.31 acres, a large storage building, and a shared laundry facility in the rear with multiple washer and dryer hookups, plus additional storage. The property is located 1.5 miles from the Danville Caesar's Casino, presenting an Airbnb opportunity. The total potential rental income is $3700 or more per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Building Supply Dental Office Auto Repair Shop Department Store Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Caswell
    State
    North Carolina
    Longitude
    -79.4453936
    Latitude
    36.5387908

    Nearby Similar for Sale

    • $245,000
      4,001 SF

      Remodeled Quadplex Investment Opportunity

      Four-unit property with remodeling, income potential, and spacious backyards.
      879 Holland Rd, Pelham, NC 27311
      View Details
    • $1,800,000
      57,000 SF

      Automotive Property in Pelham, NC

      Four buildings totaling 57,000 SF on 16 acres.
      194 Red Marshall Rd, Pelham, NC 27311
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with significant income potential and recent updates.
    Where is this quadplex located?
    The property is located at 879 Holland Rd Pelham, NC.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Potential rental income of $3700+/month.; - Four units included: **one fully remodeled 2/1 unit**, one vacant 2/1 unit ready for remodeling, and two single-family homes (one rented, one needing minor repairs).; - **Excellent Airbnb opportunity** due to proximity to Danville Caesar's Casino (1.5 miles).
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    Pelham, NC 27311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    879 Holland Rd Pelham, NC 27311
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