Multifamily

Forest City, NC Multifamily Properties for Sale

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Bostic, NC Spindale, NC Rutherfordton, NC
Value-Add Investment Property For Sale
Updated: Mar 3, 2025
Value-Add Investment Property For Sale

162 Lancaster Drive, Forest City, NC 28043

$260,000
10.16 AC lot
Immediate income generation from 4 existing manufactured homes.
Significant expansion potential on 10.16 acres with approximately 20 vacant spaces.
Multiple power box hookups already in place.
Well installed, with city water also available.
Creek on the property suitable for a park or picnic area.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Forest City, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Well-Maintained Duplex Residence
Well-Maintained Duplex Residence

254 York Street, Chesnee, SC 29323

$389,950
2,598 sqft · 0.23 AC lot

Two 3-bedroom, 2-bath units with one-car garages, currently occupied and generating immediate rental income.

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Duplex with Two-Unit Rental
Duplex with Two-Unit Rental

250 York Street, Chesnee, SC 29323

$389,950
2,598 sqft · 0.19 AC lot

Well maintained duplex in Chesnee offers two leased units with three bedrooms, two baths, and attached one-car garages.

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Renovated Duplex with Separate Entrances
Renovated Duplex with Separate Entrances

114 S Mitchell Street, Rutherfordton, NC 28139

$225,000
0.17 AC lot

Newly renovated duplex featuring two 1-bedroom units with separate utilities and turnkey interiors for flexible living or rentals.

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Renovated Duplex With Separate Utilities
Renovated Duplex With Separate Utilities

114 South Mitchell Street, Rutherfordton, NC 28139

$230,000
1,380 sqft

Turnkey 2-unit duplex with separate entrances and independently metered utilities for flexible living or rental use.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Unrestricted Acreage with Highway Frontage
Unrestricted Acreage with Highway Frontage

Lot 2 Doggett Grove Road, Forest City, NC 28043

$45,000
1.93 AC lot

1.93 acres with city water and highway frontage.

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Bostic Land with Mountain Views
Bostic Land with Mountain Views

158 Dusty Hollow, Bostic, NC 28018

$70,000
3.28 AC lot

3.28 acres with camper, shed, and essential utilities.

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Lake Lure RV Lot
Lake Lure RV Lot

106 Cornell Circle, Lake Lure, NC 28746

$115,000

Lakefront RV lot with mountain views and resort amenities.

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Residential Lot in Gaffney, SC
Residential Lot in Gaffney, SC

500 Holly Street, Gaffney, SC 29340

Contact for pricing
0.40 AC lot

Level lot suitable for custom or mobile home.

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Forest City, NC Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Forest City, NC on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $260,000.

Sale prices for multifamily properties in Forest City, NC start at $260,000, averaging $260,000, and reaching up to $260,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Mobile home & RV parks 1

Demographics Overview

Population 21K
Population Growth (5Y) -0.9%
Median Household Income $41,746
College Educated 25.5%

High-Yield Neighborhoods for Investment

Identify Forest City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
28043 $260K

Taxes & Financing

Tax Rate (average for all types) 0.82%
Property Tax per SF $21.15 per SF
Tax Rate vs County Average 0.01 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Rutherford County

New Delisted

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