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Sold on 07/24/2026
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1603 Easterling Dr, Spring Lake, NC 28390

$326,841

Last sold 07/24/2026 after 94 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1603 Easterling Dr

Property type Multi-family
Neighborhood
Year built 1937
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This six-unit asset presents a compelling opportunity within a rapidly evolving and positively trending growth corridor. The property consists of multiple detached dwelling structures, each offering functional layouts and contributing to a diversified income stream. The improvements reflect a blend of character and utility, creating immediate livability while supporting long-term value creation.Positioned in an area experiencing consistent expansion and reinvestment, the surrounding market is marked by increasing demand, ongoing development activity, and a clear trajectory toward higher-density and higher-value uses. The location benefits from strong accessibility to key corridors, employment hubs, and regional drivers, further reinforcing its desirability for both tenants and future end users.The asset is well-suited for investors seeking a balance of in-place cash flow and strategic upside. Its current configuration provides stable income potential, while the broader market dynamics create a favorable environment for future repositioning, expansion, or redevelopment. As growth continues to push outward and infill opportunities become more limited, properties of this nature are increasingly positioned to benefit from appreciation and enhanced utilization.In summary, this is a forward looking investment anchored by existing income, supported by a strengthening market, and enhanced by meaningful long-term potential in a corridor that continues to gain momentum.
Listed by
Listing Agent - EMELIA NOA
Listing Office - NOA EXECUTIVE REALTY
Source: Doorify MLS mls logo
MLS#761265 • last updated 1 month ago
Movoto checked Doorify MLS for data 11 minutes ago
Overview
MLS # 761265
Type Residential Income
Status Closed
Year Built 1937
Interior
Amenities / Utilities
Utilities Natural Gas Not Available
Sewer/Septic Septic Tank
Location
County Cumberland
Subdivision Spring Lake
Zoning C3 - Heavy Commercial
APN 9592-93-2992.000
$335K
Range: $314K-$355K
Last 30 days 
Rental est.: $950/month
Gross rent multiplier: 28.7
  • Aug 2026
    mls logo MLS # 761265
  • Aug 2, 2026 Sold
    $326,841
  • Jul 24, 2026 Sold
    $326,841
  • May 8, 2026 Pending
    —
  • Apr 21, 2026 Listed
    $430,000
  • Apr 21, 2026 Listed
    $430,000 (+43.3%)
  • Jul 2026
    mls logo MLS # LP761265
  • Jul 24, 2026 Sold
    $326,841 (-24.0%)
  • May 8, 2026 Pending
    —
  • Apr 21, 2026 Listed
    $430,000
  • Apr 2021
    Public Records
  • Apr 19, 2021 Sold
    $300,000
  • Year Property taxes Tax assessment
  • 2024
    $4,914 +21.1%
    $106,801 +2.14%
  • 2023
    $4,056
    $104,560
  • 2022
    $4,056
    $104,560
  • 2021
    $4,056 +6.1%
    $104,560
  • 2020
    $3,824
    $104,560
  • 2019
    $3,824
    $104,560
  • 2018
    $3,824
    $104,560
  • 2017
    $3,824 -0.4%
    $104,560 -4.75%
  • 2016
    $3,838
    $109,780
  • 2015
    $3,838
    —
  • 1603 Easterling Dr
    $326K
  • Pine Forest
    $284K
  • 28390
    $339K -1% y/y
  • Spring Lake
    $339K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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