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Bridgers Building 435-439 Main St 16 Unit Apartment Building $1,500,000 ($93,750/Unit) 3.60% Cap Rate Tarboro, NC 27886

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INVESTMENT HIGHLIGHTS

  • Historic building in the heart of downtown Tarboro, NC.
  • Off street parking and dumpster provided.
  • Coffee Shop and Deli in the building.

EXECUTIVE SUMMARY

A premier Investment Opportunity in Historic Downtown Tarboro
At the heart of Tarboro’s thriving Commercial District stands the iconic Bridgers Building, an award-winning property that perfectly blends historic charm with modern living and retail opportunity.
This distinguished apartment building for sale features 11 upscale apartments, each thoughtfully designed with a variety of floor plans to appeal to discerning residents. Every unit comes fully equipped with appliances, including in-unit washer and dryer. The two-bedroom townhome-style residences offer exceptional layouts with bedrooms on the second floor, highlighting the unique architectural character of this landmark building.
On the ground and basement levels, the prime commercial storefronts provide unparalleled visibility and foot traffic in one of Tarboro’s most vibrant downtown corridors. Each space is one-of-a-kind, housed within the character-rich walls of these historic buildings. Current tenants include successful retail and dining destinations such as Tarboro Coffee House, Church Street Tap & Deli, and Christina Valentine Photography—a testament to the property’s desirability and business appeal.
This is more than just real estate—it’s a chance to own the centerpiece of Downtown Tarboro’s continued growth and revitalization. With strong residential demand and established commercial tenants, the Bridgers Building presents investors with a rare opportunity to secure a proven, income-generating commercial property for sale in a community on the rise.
Schedule a private showing today and discover why the Bridgers Building is one of Eastern North Carolina’s most exceptional investment properties

ATTACHMENTS

Bridgers Building Flyer

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,500,000
Price Per Unit $93,750
Sale Type Investment
Cap Rate 3.60%
Gross Rent Multiplier 10.34
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 30,496 SF
Average Occupancy 100%
No. Stories 3
Year Built 1960
Parking Ratio 0.43/1,000 SF
Cross Streets Church St
Opportunity Zone Yes
Zoning B-1 - Commercial Business District

AMENITIES

UNIT AMENITIES

  • Microwave
  • Washer/Dryer
  • Refrigerator
  • Oven
  • Walk-In Closets

SITE AMENITIES

  • Smoke Free
  • Vintage Building
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 $787.50 750
2+1.5 5 $920.00 1,000 - 1,800
2+1 1 $825.00 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4738-35-9036-00
Land Assessment
$88,440
Improvements Assessment
$587,330
Total Assessment
$675,770
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 37641831

  • Date on Market: 9/11/2025

  • Last Updated:

  • Address: 435-439 Main St, Tarboro, NC 27886

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