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For sale
  • $999,000

    157 Old Shaw Rd, Fayetteville, NC 28303

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    Multi Family, Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern stovesBrand-new refrigeratorsComprehensive full plumbing overhaulAll-new cabinetryMajor electrical upgradesBrand-new kitchens
    157 Old Shaw Rd presents an excellent multifamily investment opportunity featuring a 10-unit apartment complex with strong in-place occupancy and consistent rental income. The property offers investors immediate cash flow with an average monthly rent of $871.06 per unit, providing both stable income and future upside potential through continued rental growth and operational efficiencies. The property has recently undergone extensive, high-value capital improvements designed to maximize efficiency, protect your margins, and attract premium tenants. Key modernizations include a comprehensive full plumbing overhaul and major electrical upgrades—complete with dedicated, newly added breaker boxes for every apartment. Inside the units, tenants enjoy an elevated living experience with brand-new kitchens and bathrooms, featuring all-new cabinetry, brand-new refrigerators, and modern stoves. This asset is well-positioned for investors seeking a professionally maintained multifamily property in a growing rental market. The unit mix and steady tenant demand make this an attractive addition to any investment portfolio, whether for a seasoned operator or first-time multifamily investor. The property represents a successful, completed value-add project. Since acquisition, ownership has implemented a comprehensive operational turnaround, rectifying previous management inefficiencies and optimizing the tenant base. The current list price reflects the property’s successful transition from an under-performing asset to a fully stabilized, high-yield investment. Financial information, including income and expense figures, has been provided by the property owner. Buyers are encouraged to conduct their own independent due diligence and verification of all financials and property information. Contact listing agent for additional details, rent roll, and financial package.
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    Zillow last checked:

    Listing updated:

    Listed by:

    KENDRA LANCASTER,

    TOWNSEND COMMERCIAL

    Source: LPRMLS,MLS#: 765763MLS LogoOriginating MLS: Longleaf Pine Realtors

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Baseboard

      Property

      Details
      • Parcel number: 0419311984
      • Zoning description: MR5 - Mixed Residential
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment

      Utilities & green energy

      • Sewer: Other
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Bonnie Doone
      Location
      • Region: Fayetteville

      Financial & listing details

      • Date on market: 7/10/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,128/mo

        Price history

        DateEventPrice
        7/10/2026Listed for sale$999,000+137.9%
        Source: LPRMLS #765763 Report a problem
        12/8/2022Sold$420,000-8.5%
        Source: LPRMLS #691100 Report a problem
        9/28/2022Pending sale$459,000
        Source: LPRMLS #691100 Report a problem
        9/21/2022Price change$459,000-7.3%
        Source: LPRMLS #691100 Report a problem
        9/10/2022Listed for sale$495,000
        Source: LPRMLS #691100 Report a problem
        9/1/2022Pending sale$495,000
        Source: LPRMLS #691100 Report a problem
        8/21/2022Listed for sale$495,000
        Source: LPRMLS #691100 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28303

        Getting around

        37 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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