1603 Easterling Dr Spring Lake, NC 28390
Estimated payment $2,707/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $430,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | $186,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $257,500 | New Conventional |
Source: Longleaf Pine REALTORS®
MLS Number: 761265
APN: 9592-93-2992
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Ask me questions while you tour the home.