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Pending
  • $430,000

    1603 Easterling Dr, Spring Lake, NC 28390

    --beds
    0baths
    --sqft
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    Multi Family
    Built in 1937
    -- sqft lot
    $412,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    67 days
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    43
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    EMELIA NOA,

    THE ENTENTE REAL ESTATE GROUP

    Source: LPRMLS,MLS#: 761265MLS LogoOriginating MLS: Longleaf Pine Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Details
      • Parcel number: 9592932992.000
      • Zoning description: C3 - Heavy Commercial
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1937

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Lake

      Community & HOA

      Community
      • Subdivision: Spring Lake
      Location
      • Region: Spring Lake

      Financial & listing details

      • Tax assessed value: $161,032
      • Annual tax amount: $5,305
      • Date on market: 4/26/2026
      • Cumulative days on market: 73 days

        Estimated market value

        $412,200

        $392,000 - $433,000

        $1,251/mo

        Price history

        DateEventPrice
        5/8/2026Pending sale$430,000
        Source: LPRMLS #761265 Report a problem
        4/26/2026Listed for sale$430,000+131.2%
        Source: LPRMLS #761265 Report a problem
        7/27/1999Sold$186,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,305 +8%$161,032 +50.8%
        2024$4,914 +21.1%$106,801 +2.1%
        2023$4,056 $104,560
        2022$4,056 $104,560
        2021$4,056 $104,560
        2020-- $104,560
        2019$3,824 $104,560
        2018$3,824 $104,560
        2017$3,824 -0.4%$104,560 -4.8%
        2016$3,838 $109,780
        2015$3,838 $109,780
        2014$3,838 +144.5%$109,780
        2013$1,570 +58.5%$109,780
        2011$991 $109,780 +41.7%
        2002-- $77,484
        2001-- $77,484

        Find assessor info on the county website

        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.
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        Climate risks

        Neighborhood: 28390

        Getting around

        7 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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