- For Sale $1,930,000
- Property Type Multi-Family
- Property Size 14,000 SF
- Units 12
- Lot Size 1 Acre
- Building Class B
- Year Built 2016
- Date Updated Aug 21, 2026
Description
Multifamily investment property located on MacGregor Downs Rd in Greenville, North Carolina, minutes from ECU Health Medical Center, Downtown Greenville, and East Carolina University, with convenient access to U.S. 264 and Interstate 587.Ideally located just minutes from the ECU Health Medical Center, Downtown Greenville, and East Carolina University,
the Property offers convenient access to the area’s largest employment, healthcare, and educational hubs. The asset
is situated less than one mile from the interchange of U.S. Highway 264 and Interstate 587, providing excellent regional connectivity throughout Eastern North Carolina.
The Property consists of twelve, 100% leased, well-maintained townhome units situated on approximately 1.0 acre. Built in 2016, each residence features a functional two-bedroom, two-and-one-half-bath floor plan designed to appeal to working professionals and long-term residents.
Since completion, the Property has maintained consistently strong occupancy. The current tenant base is comprised
entirely of working professionals rather than student renters, contributing to stable cash flow and reduced turnover. The combination of modern construction, durable design, a desirable location, and a proven operating history presents investors with an attractive, low-maintenance multifamily investment opportunity in one of Greenville’s strongest rental corridors.
Highlights
- All 2 Bed / 2.5 Bath floor plans
- Built in 2016
- Great income-producing properties
- Ideal location just minutes from ECU Health, ECU & Downtown Greenville
- No current tenants are students, all working professionals
- Sale Price: $1,930,000 (6.5% cap rate)
- Solid track record of high occupancy
- Twelve, 100% leased townhomes offered together as a package
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Contacts
David Divine, SIOR
Location
Located at 2915 MacGregor Downs Rd, Greenville, NC 27858, this property is part of the Medical District neighborhood.
Contact Listing Broker
David Divine, SIOR