$430,000

1603 Easterling Dr Spring Lake, NC 28390

Estimated payment $2,707/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Emelia Noa

THE ENTENTE REAL ESTATE GROUP License #218506 Listed on: 04/21/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Utilities

  • The lake is a source of water for the property
  • Septic Tank

Community Details

  • 6 Units
  • Spring Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9592-93-2992.000

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Subdivision Name: SPRING LAKE
  • Year Built: 1937
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Owner Pays: Grounds Care

Utilities

  • Sewer: Septic Tank
  • Water Source: Lake

Lot Info

  • Parcel #: 9592-93-2992.000
  • Zoning Description: C3 - Heavy Commercial

Multi Family

  • Number Of Units Total: 6
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,305 $161,032 $64,439 $96,593
2024 $5,305 $106,801 $37,846 $68,955
2023 $4,914 $104,560 $37,846 $66,714
2022 $4,056 $104,560 $37,846 $66,714
2021 $4,056 $104,560 $37,846 $66,714
2019 $3,824 $104,560 $37,846 $66,714
2018 $3,824 $104,560 $37,846 $66,714
2017 $3,824 $104,560 $37,846 $66,714
2016 $3,838 $109,780 $40,430 $69,350
2015 $3,838 $109,780 $40,430 $69,350
2014 $3,838 $109,780 $40,430 $69,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2026 04/21/26 For Sale $430,000 -- --
Source: Longleaf Pine REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed $186,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $257,500 New Conventional
Source: Public Records

Source: Longleaf Pine REALTORS®

MLS Number: 761265

Longleaf Pine REALTORS®

APN: 9592-93-2992

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