560 W Manchester Road
Spring Lake, NC, 28390 $ 359,000
Baths0.0 Monthly Estimate*
$ 2,210
Studio for $359,000.
Positioned within the expanding Spring Lake and Fort Liberty growth corridor, this rare residential investment opportunity consists of four individual single-family homes situated across approximately 4.80± acres with direct road frontage and an established residential footprint in one of Cumberland County’s evolving housing markets. Unlike traditional multifamily assets, the property offers the flexibility and privacy of detached residential homes while preserving future adaptability and long-term upside potential. The combination of existing cash flow, land scale, and surrounding development activity creates a compelling opportunity for investors seeking both immediate income and strategic positioning within a market supported by continued population growth, infrastructure expansion, and strong housing demand driven in part by proximity to Fort Liberty. The property currently operates under legacy non-conforming zoning characteristics, creating a unique opportunity for purchasers with land planning, entitlement, redevelopment, or infill development vision to evaluate potential future site refinement and density enhancement strategies through proper planning, engineering, and municipal approval processes. While seller makes no representations or guarantees regarding rezoning, density increases, subdivision, or future entitlements, the overall parcel size, existing residential footprint, and surrounding development trends may support additional long-term upside potential for qualified buyers pursuing strategic redevelopment concepts. Existing rents appear to present future upside potential relative to evolving market conditions, further supporting value-add or long-term hold strategies. Some capital improvements have already been completed, and ownership may consider additional roof improvements with an acceptable offer prior to closing. Property features a combination of public sewer and septic systems and is located within a military-influenced corridor with controlled/restricted airspace due to proximity to Fort Liberty. The Spring Lake market continues to experience ongoing residential growth and increased investor interest, making opportunities with both existing residential income and future land flexibility increasingly limited. Buyer to independently verify all zoning, land use, utility access, infrastructure, rental projections, financing options, development potential, airspace restrictions, and permitted uses. Property sold as-is. No trash service fee; included within property taxes.
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Affordability Calculator
- Monthly Principal & Interest
- $2,210
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Spring Lake, NC
Average List Price $374,750
Percent of Sale Price 4%
About Spring Lake, NC 11,734 Population
11% Since 2002
$ 38,173 Median Income
28.78 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pine Forest Senior High High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/15/2026 | $359,000 | | Listed Price |