Southern Pines, NC Multifamily properties for sale

Updated: Jun 9, 2025

Southern Pines Duplex Investment Opportunity

264 E Indiana Avenue, Southern Pines, NC 28387

$575,000

2,471 sqft

Duplex with both sides currently under lease
2‑bedroom, 1‑bath 268 side with wood floors and fenced backyard area
3‑bedroom, 2‑bath 264 side with remodeled kitchen and updated appliances
Interior features include breakfast bar, ceiling fans, and separate shower/tub‑shower bathrooms
Central air with heat pump heating; appliances include dishwasher, electric range, gas range, oven, refrigerator, and water heater

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This listing looks promising.

Here's a quick look at some key insights for

264 E Indiana Avenue, Southern Pines, NC 28387

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Est. Cap Rate

4.1%
NOI ÷ price
Est. NOI

$24K
Annual
Price @ 7% Cap

$337K
Suggested
Property Type

Single Family Residence
Built 1955

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Updated: Jun 1

Downtown Duplex Income Property

175 W Connecticut Avenue, Southern Pines, NC 28387

$495,000

0.23 AC lot

Downtown duplex built in 1895 with historic charm
2 separate units, each with 2 bedrooms and 2 bathrooms
Central air cooling plus heat pump and forced air heating with natural gas
Kitchen appliances include built‑in microwave, refrigerator, and dishwasher
Metal roof with mixed exterior materials including brick and siding options

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Southern Pines, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

Six-Unit Multifamily Investment Opportunity

1603 Easterling Drive, Spring Lake, NC 28390

$430,000

Multifamily asset in a growing Spring Lake corridor.

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Manufactured Home Income Package

1581 Rim Road, Fayetteville, NC 28314

$300,000

Four income-producing manufactured homes offer 2-bedroom, 1-bath rental units, with recent exterior and system improvements on select units.

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Multifamily Property with 30 Units

6467 Yadkin Rd, Fayetteville, NC 28303

Contact for pricing

27,000 sqft

Multifamily property featuring 30 units, ideal for residential income.

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Renovated Triplex with Conversion Potential

310 OLD HERTFORD Lane, Spring Lake, NC 28390

$330,000

A renovated triplex with refreshed units and potential to be reconfigured with an added bathroom for greater income capacity.

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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.

Residential Lot in Hoke County

5745 Turnpike Road, Raeford, NC 28376

$39,900

0.55 AC lot

0.55-acre cleared lot ready for your dream home.

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Residential Land in Jackson Springs

Leak Road, Jackson Springs, NC 27281

Contact for pricing

0.97 AC lot

0.97 acre lot, manufactured homes allowed, quiet dead-end road.

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Hamlet, NC Land Opportunity

Wiregrass Road, Hamlet, NC 28345

$285,000

10.75 AC lot

10.75 acre tract zoned OI near Hamlet, NC.

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Development Opportunity in Fayetteville, NC

1135 Shaw Road, Fayetteville, NC 28311

$295,000

5.77 AC lot

5.7 acre multi-family development opportunity zoned R5.

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Off-Market Properties in Southern Pines, NC

Consider similar Off-Market properties in Southern Pines, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOBILE HOME PARK, TRAILER PARK

1225 Central Dr, Southern Pines, NC 28387-2156

Value Estimation by Request

0.81 AC lot

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MOBILE HOME PARK, TRAILER PARK

1225 Central Dr, Southern Pines, NC 28387-2156

Value Estimation by Request

0.64 AC lot

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Southern Pines, NC Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties for sale in Southern Pines, NC on our real estate platform. These investment opportunities span a total of 2,471 square feet of properties for sale, with an estimated market value of $575,000.

Sale prices for multifamily properties in Southern Pines, NC start at $575,000, averaging $575,000, and reaching up to $575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
28387	$1.3M

Neighborhood

Average Price

28387

$1.3M

Southern Pines, NC Multifamily Properties for Sale

264 E Indiana Avenue, Southern Pines, NC 28387

175 W Connecticut Avenue, Southern Pines, NC 28387