560 W Manchester Road

Spring Lake, NC 28390

This 4-unit multifamily property presents a compelling opportunity for investors seeking both immediate income and flexible long-term potential. Situated on approximately 4.80 acres with direct road access, the property offers a unique blend of existing cash flow and land value in a market supported by steady rental demand due to its proximity to Fort Liberty. The layout lends itself to multiple strategies, including traditional long-term rentals, a house-hack approach, or potential short-term rental use (subject to local regulations and buyer verification).Current rents appear to be below prevailing market levels, offering a potential path for future increases, while historically low vacancy trends in the area may support consistent occupancy. Some updates have already been completed, and roof improvements may completed with an acceptable offer prior to closing. The property features a mix of public sewer and septic systems and is located within a controlled/restricted airspace due to proximity to military installation. Spring Lake and the surrounding areas have experienced steady growth in recent years, with ongoing development, infrastructure improvements, and continued demand driven by the nearby military base. Market rents have shown a consistent upward trajectory, reflecting stable and positive growth trends that may support long-term appreciation and income stability.Additionally, the property’s size, unit count, and income profile may make it attractive for a variety of financing options, including conventional, portfolio, or investor-focused lending programs, potentially allowing buyers to leverage favorable terms depending on qualifications.Overall, this asset may appeal to investors pursuing value-add opportunities, rental repositioning, or long-term hold strategies in a market that continues to demonstrate resilience and growth. Buyers are encouraged to conduct their own independent due diligence to verify all information, rental potential, financing options, and permitted uses to ensure the property aligns with their investment goals.

Listing courtesy of EMELIA NOA of THE ENTENTE REAL ESTATE GROUP



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2026-04-15 10:02 PM UTC