PINEVIEW APARTMENTS – 14-UNIT MULTIFAMILY IN ABERDEEN, NC

Deaton is pleased to present Pineview Apartments, a recently stabilized 14-unit multifamily community located at 801 E Main Street in Aberdeen, North Carolina. The property consists entirely of townhome-style residences with a mix of two- and three-bedroom floor plans, including four single-story units and ten two-story units. This residential-style configuration differentiates Pineview from more traditional apartment product and provides an attractive unit mix.

Pineview benefits from its location within the broader Southern Pines–Pinehurst–Aberdeen corridor, offering convenient access to the area’s expanding employment base, retail, healthcare, recreation and major regional employers. The surrounding economy benefits from continued growth throughout Moore County, the USGA’s long-term commitment to Pinehurst, nearby Fort Bragg, and expanding advanced-manufacturing investment along the US-1 corridor, including Caterpillar’s recently announced $1 billion investment in Sanford.

Beyond the existing 14 units, Pineview offers an additional layer of long-term optionality through its approximately 2.7-acre site. The property’s zoning permits up to 23 total dwelling units, providing the potential for up to nine additional units, subject to applicable requirements and buyer verification. With stabilized operations, a desirable townhome-style unit mix, modest embedded rent upside, and the potential to increase density over time, Pineview offers investors a combination of durable in-place income and multiple avenues for future value creation.