Investment Opportunity: 3 Bed, 2 Bath Townhome – Strong Potential
This 3-bedroom, 2-bathroom townhome presents a solid investment opportunity for both new and seasoned investors. With good bones and a functional layout, the property needs only cosmetic updates to significantly increase its value and rental income.
Property Highlights:
Spacious bedrooms and practical living spaces
Cosmetic updates can boost resale or rental value
Option to purchase with a tenant already in place—start generating income immediately
Ideal for investors seeking a light renovation project or a stable buy-and-hold asset
Located in a desirable area with strong rental demand and long-term growth potential, this property is ready for the right investor to unlock its full value.
For more information, please contact (919) 414-8885
Sold for $50,000
$50,000
1349 N Forest Dr, Fayetteville, NC 28303
3beds
1,200sqft
Townhouse
Built in 1989
871 Square Feet Lot
$150,100 Zestimate®
$42/sqft
$1,309 Estimated rent
Home value
$150,100
$137,000 - $162,000
$1,309/mo
Zestimate® history
Owner options
List your home for rent
$1,309/mo
Rent Zestimate®
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$1,309/mo
Rent Zestimate®
Refinance and save
$389/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$389/mo
Est. payment
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List your homeWhat's special
Spacious bedroomsPractical living spaces
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Other
Features
- Flooring: Other, Carpet
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,200 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 871 Square Feet
Details
- Parcel number: 0418475701
Construction
Type & style
- Home type: Townhouse
Materials
- Wood
- Foundation: Piers
- Roof: Composition
Condition
- Year built: 1989
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $140 monthly
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $42/sqft
- Tax assessed value: $159,800
- Annual tax amount: $1,600
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $50,000-41.2%$42/sqft |
Source: Public Record Report a problem | ||
| 9/17/2025 | Listed for sale | $85,000+55.7%$71/sqft |
Source: Owner Report a problem | ||
| 3/8/1999 | Sold | $54,608$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,600 +102.9% | $159,800 +212.7% |
| 2024 | $788 +4.3% | $51,100 |
| 2023 | $756 +2.8% | $51,100 |
| 2022 | $736 | $51,100 |
| 2021 | $736 | $51,100 -36.3% |
| 2020 | -- | $80,207 +57% |
| 2019 | $736 | $51,100 |
| 2018 | $736 | $51,100 |
| 2017 | $736 -16.5% | $51,100 -24.2% |
| 2016 | $880 +1% | $67,400 |
| 2015 | $871 +0.3% | $67,400 |
| 2014 | $868 +3.1% | $67,400 |
| 2013 | $842 | $67,400 |
| 2012 | $842 | $67,400 |
| 2011 | $842 | $67,400 |
| 2010 | -- | $67,400 |
| 2009 | -- | $67,400 +3.9% |
| 2008 | -- | $64,900 |
| 2007 | -- | $64,900 |
| 2006 | -- | $64,900 |
| 2005 | -- | -- |
| 2004 | -- | $64,900 |
| 2003 | -- | $64,900 -2.5% |
| 2002 | -- | $66,539 |
| 2001 | -- | $66,539 |
Find assessor info on the county website
Neighborhood: 28303
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Vanstory Hills ElementaryGrades: 2-5Distance: 2.7 mi
- 7/10R Max Abbott MiddleGrades: 6-8Distance: 3.1 mi
- 5/10Terry Sanford HighGrades: 9-12Distance: 2.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$150,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$150,100
- North Carolina
- Cumberland County
- Fayetteville
- 28303
- 1349 N Forest Dr