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    604 Wentworth Street Reidsville, NC 27320

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    For Sale
    $289,900

    MULTI_FAMILY - Reidsville, NC

    Property size:
    3,258 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $88/SF
    Added:
    Apr 6, 2025
    Days on Market:
    398
    Last Refresh:
    May 8 at 7:06 am

    Property Features for 604 Wentworth Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6RD
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4
    Parking
    4
    Standard status
    Active
    APN
    153647
    Size
    3,258 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Legal Description: Lot #2 D E Wootton Home Place Property
    Tax Annual Amount
    1880

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Varies by Unit (Heating)
    Cooling system
    Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1937
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Varies

    We can help!

    Listing Contact
    Bryan Guarnieri
    Bryan Guarnieri

    Listing agent Bryan Guarnieri

    Listing office Coldwell Banker HPW 5261 Sunset Lake Road, Raleigh, NC

    Listing date Apr 6, 2025

    MLS# 10087424

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

    HighLights

    • Quadruplex with existing rental income from 4 units.
    • Potential to convert back to a single‑family home.
    • Separate power meters for each of the main floor units.
    • Leases in place for 3 of the 4 units extending into 2025 and 2026.
    • Located in Reidsville.
    • Public water and sewer connections.

    Overview

    Reidsville Quadruplex Investment Opportunity

    This property in Reidsville, North Carolina, presents an investment opportunity as a quadruplex. Alternatively, the building could be converted back into a single-family home. The property features four units, each currently rented to separate tenants. Unit 1 generates a monthly rental income of $875, with a lease expiring in December 2025. Unit 2 has a monthly rental income of $550 on a month-to-month basis. Unit 3 brings in $725 per month, with its lease expiring in January 2026, and Unit 4 yields $815 monthly, also with a lease expiring in January 2026. The main floor units are separately metered for power. The two upstairs units share a single power meter and water meter, and the rent for these units includes these two utilities. The property is located in Rockingham County and has a lot size of 0.23 acres. The building has a total area of 3258 square feet. The zoning is R6RD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.669057
    Latitude
    36.371301

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    FAQs

    What type of property is this?
    Quadplex - Quadruplex in Reidsville with rental income potential.
    Where is this quadplex located?
    The property is located at 604 Wentworth Street Reidsville, NC.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Quadruplex with existing rental income from 4 units.; Potential to convert back to a single‑family home.; Separate power meters for each of the main floor units.
    (919) 906-4840
    We can help!
    Listing Contact
    Bryan Guarnieri
    Bryan Guarnieri
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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