157 Old Shaw Rd

Fayetteville, NC 28303

$999,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Description

157 Old Shaw Rd presents an excellent multifamily investment opportunity featuring a 10-unit apartment complex with strong in-place occupancy and consistent rental income. The property offers investors immediate cash flow with an average monthly rent of $871.06 per unit, providing both stable income and future upside potential through continued rental growth and operational efficiencies. The property has recently undergone extensive, high-value capital improvements designed to maximize efficiency,...157 Old Shaw Rd presents an excellent multifamily investment opportunity featuring a 10-unit apartment complex with strong in-place occupancy and consistent rental income. The property offers investors immediate cash flow with an average monthly rent of $871.06 per unit, providing both stable income and future upside potential through continued rental growth and operational efficiencies. The property has recently undergone extensive, high-value capital improvements designed to maximize efficiency, protect your margins, and attract premium tenants. Key modernizations include a comprehensive full plumbing overhaul and major electrical upgrades—complete with dedicated, newly added breaker boxes for every apartment. Inside the units, tenants enjoy an elevated living experience with brand-new kitchens and bathrooms, featuring all-new cabinetry, brand-new refrigerators, and modern stoves. This asset is well-positioned for investors seeking a professionally maintained multifamily property in a growing rental market. The unit mix and steady tenant demand make this an attractive addition to any investment portfolio, whether for a seasoned operator or first-time multifamily investor. The property represents a successful, completed value-add project. Since acquisition, ownership has implemented a comprehensive operational turnaround, rectifying previous management inefficiencies and optimizing the tenant base. The current list price reflects the property’s successful transition from an under-performing asset to a fully stabilized, high-yield investment. Financial information, including income and expense figures, has been provided by the property owner. Buyers are encouraged to conduct their own independent due diligence and verification of all financials and property information. Contact listing agent for additional details, rent roll, and financial package.
  1. Listed by KENDRA LANCASTER • TOWNSEND COMMERCIAL

Property Details for 157 Old Shaw Road

Subdivision Name
BONNIE DOONE
Zoning Description
MR5 - Mixed Residential
LISTING UPDATED: 07/10/2026 01:42 PM

Property Details for 157 Old Shaw Road

StatusActive
MLS #765763
Days on Market1
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment
Year Built-
CountyCumberland
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Location

Listing Courtesy of TOWNSEND COMMERCIAL
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Building Information for 157 Old Shaw Road

Building/Complex157 Old Shaw RdFloor-Stories-Residences10Pet Policy-Pet Policy Details-Year Built-Building Size-

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$5,198 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,978

Property Taxes

$220

HOA Dues

$0

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Property Information for 157 Old Shaw Road

Summary
Location and General Information
  • City: Fayetteville
  • County Or Parish: Cumberland
  • Postal Code: 28303
  • Latitude: 35.101675
  • Longitude: -78.955949
  • State Or Province: NC
Taxes and HOA Information
  • Parcel Number: 0419-31-1984
  • Tax Legal Description: 200 X 150 MCPHERSON LD IMP (1.00 AC)
Parking
  • Covered Spaces: 0.0
Property
Lot Information
  • Above Grade Finished Area Units: SquareFeet
  • Below Grade Finished Area Units: SquareFeet
  • Building Area Units: SquareFeet
  • Lot Size Area: 0.0
  • Lot Size Units: SquareFeet
  • Living Area Units: SquareFeet
Property and Assessments
  • Human Modified: Yes
Utilities
  • Sewer: Other
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total: 0
  • Heating: Baseboard
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Rental
Rental Information
  • Occupant Type: Occupied
  • Lease Considered: No

Property History for 157 Old Shaw Road

DateEvent & SourcePriceAppreciation
Jul 10, 2026

Listed (Active)

Longleaf Pine REALTORS #765763

$999,000—
Jul 10, 2026

Listed (Active)

TRIANGLEMLS #LP765763

$999,000—
Dec 8, 2022

Sold

TRIANGLEMLS #LP691100

$420,000—
DateEvent & SourcePrice
07/10/2026

Listed (Active)

Longleaf Pine REALTORS #765763

$999,000
07/10/2026

Listed (Active)

TRIANGLEMLS #LP765763

$999,000
12/08/2022

Sold

TRIANGLEMLS #LP691100

$420,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 157 Old Shaw Road

Taxable ValueLand$11,000Additions$169,052Total$180,052
Tax Record2025$2,637 ($220 / month)
Home Facts
Total Finished SqFt2,354 SqFtAbove Grade Finished SqFt2,354 SqFtStories1Lot Size43,560 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningMR5CountyCUMBERLANDAPN0419-31-1984Fireplace TypeHas Fireplace

Schools near 157 Old Shaw Road

This home is within Cumberland County School District.
Rating
School
Type
Grades
Distance
William T Brown Elementary
Public - PK to 5
R Max Abbott Middle
Public - 6 to 8
Terry Sanford High
Public - 9 to 12
Alger B. Wilkins High School
Public - 9 to 12
Rating
School
Distance
William T Brown Elementary
PublicPK to 5

R Max Abbott Middle
Public6 to 8

Terry Sanford High
Public9 to 12

Alger B. Wilkins High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 157 Old Shaw Road, Fayetteville, NC 28303

157 Old Shaw Road is a multi-family home for sale in Fayetteville, NC 28303. This property was listed for sale on July 10, 2026 by TOWNSEND COMMERCIAL, it's currently listed at $999,000. It has been on the market for a total of 1 days and was last sold on December 8, 2022. This listing's school district is Cumberland County School District. Nearby schools include William T Brown Elementary, R Max Abbott Middle and Terry Sanford High. 157 Old Shaw Road is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TOWNSEND COMMERCIAL

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.