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9-Unit Condominium Apartment Complex
New
For Sale
$1,900,000

517 Tate Street, Greensboro, NC 27403

MULTI_FAMILY - Other - Greensboro, NC

Property Size1,091 SF
Lot Size0.54 Acres
Price / SF$1,741
Days on Market2

Property Features for 517 Tate Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-26
Parking 18
Fencing Privacy
Appliances Electric Water Heater
Lot features City Lot
Directions From W Gate City Blvd, left on Tate St., Complex is on your right. From W Market, right on Tate St., Complex is on your left after Spring Garden St.
Standard status Active
Size 1,091 SF
Lot size 0.54 Acres

Taxes and HOA fees

Tax Description UNIT 1 CPB3-9 CHANCELLORS C PL:3-9
Legal Description UNIT 1 CPB3-9 CHANCELLORS C PL:3-9

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

washer/dryer
private patio

Building Details

Year built 1984
Floors in Building 2
Number of units 9
Flooring type Tile, Vinyl, Laminate, Carpet
Building materials Cement Siding, Masonite
Architectural style Other
Listing Agency: Tyler Redhead & McAlister Real Estate, LLC
Listed By: Helen Richardson
Added: Aug 3 Last Checked: Aug 4 at 12:06AM
MLS# 1229771

Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This RM-26 residential property comprises three buildings with nine individual condominium units. Each unit measures approximately 1,090 square feet and includes two bedrooms, 2.5 baths, spacious living areas, a private patio, and washer/dryer equipment. Many units have received updates including flooring, countertops, and interior paint. Construction dates to 1984, with cement siding and Masonite exteriors, laminate, vinyl, carpet, and tile flooring, central air, and electric heat pump systems. Public water and sewer serve the property, which occupies 0.54 acres and includes privacy fencing.

Located on Tate Street in Greensboro, the complex is within walking distance of the University of North Carolina at Greensboro, restaurants, retail, and entertainment. The nine-unit property is offered as one package, and access to the units requires at least 24 hours' notice through the agent.

Key Highlights

  • Nine condominium units arranged across three buildings
  • Approximately 1,090 square feet per unit with 2 bedrooms and 2.5 baths
  • Two private parking spaces allocated per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Pet Store & Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,014
Businesses Nearby

Demographics for 27403, NC

23,679
Population
8,671
Households
2.7
Avg Household Size
28
Median Age
48%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
4,083
Density / Sq Mi
$56,722
Median Household Income
$24,843
Median Earnings
$998
Median Rent
$218,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three residential buildings offer updated interiors, private patios, laundry, and dedicated parking near UNCG.
Where is this apartment building located?
The property is located at 517 Tate Street Greensboro, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Nine condominium units arranged across three buildings; Approximately 1,090 square feet per unit with 2 bedrooms and 2.5 baths; Two private parking spaces allocated per unit
More about this property
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