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.
Pending
$430,000
1603 Easterling Dr, Spring Lake, NC 28390
--beds
0baths
--sqft
Multi Family
Built in 1937
-- sqft lot
$412,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 67 days |
- 43 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
EMELIA NOA,
THE ENTENTE REAL ESTATE GROUP
Source: LPRMLS,MLS#: 761265
Originating 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
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Pending sale | $430,000 |
Source: | ||
| 4/26/2026 | Listed for sale | $430,000+131.2% |
Source: | ||
| 7/27/1999 | Sold | $186,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $77,484 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: 28390
Nearby schools
GreatSchools rating
- 6/10Manchester ElementaryGrades: K-5Distance: 2.4 mi
- 6/10Spring Lake MiddleGrades: 6-8Distance: 2.5 mi
- 7/10Pine Forest HighGrades: 9-12Distance: 7 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Cumberland County
- Spring Lake
- 28390
- 1603 Easterling Dr






