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29726890
29726891

306 W Pine St, Goldsboro, NC 27530

RP
NC 358857
Marcus & Millichap - Greensboro
RL
SC 118061
Marcus & Millichap - Charleston
JD
NC 187177, SC 81764
Marcus & Millichap - Greensboro
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Greensboro, Marcus & Millichap - Charleston
$950,000
131 days on market
Updated 0 days ago

West Pine Lofts

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,200
Units 18
Cap Rate 7.5%
NOI $71,233
Price per SqFt $93
Year Built 1960
Acreage 1.050

Multifamily | 18 Units | $52,778/unit

Marketing description

The LG Multifamily Group at Marcus & Millichap is pleased to present West Pine Lofts, an 18-unit multifamily property located in Goldsboro, North Carolina. Positioned less than 60 miles from Raleigh, the property provides convenient access to one of North Carolina’s fastest-growing metropolitan areas. With immediate access to I-795 and other major highways, the property ensures seamless connectivity to Raleigh and other major MSAs. Additionally, West Pine Lofts is 10 miles from Seymour Johnson Air Force Base, a major economic driver and top employer in the region, employing approximately 5,300 active-duty personnel, 5,100 family members, 1,200 civilians, and 900 reservists. Moreover, the property is within walking distance of Downtown Goldsboro, offering residents proximity to employment, retail, dining, and entertainment options.

The combination of a stable tenant base, strategic location, and potential for increased revenue positions this asset as an attractive opportunity in an expanding North Carolina market.

Investment highlights

  • Prime location less than 60 miles from Raleigh, NC, providing access to a major economic hub
  • 10 miles from Seymour Johnson Air Force Base, a key regional employer with over 12,500 personnel
  • Walking distance to Downtown Goldsboro, offering employment, retail, dining, and entertainment options
  • Less than two miles to I-795 and other major highways, ensuring quick connectivity to Raleigh and other MSAs

Listing Contacts

RP
NC 358857
Marcus & Millichap - Greensboro
RL
SC 118061
Marcus & Millichap - Charleston
JD
NC 187177, SC 81764
Marcus & Millichap - Greensboro
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Greensboro, Marcus & Millichap - Charleston

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$71,233.00
$5,936.08/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
Name
Ryan Parrish
License
358857
Brokerage
Marcus & Millichap
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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