Four-Unit
For Sale
$299,900
106 College Street, Thomasville, NC 27360
Four one-bedroom residences offer a compact multifamily configuration with wood floors and on-site parking.
Property Size2,624 SF
Price / SF$114.29
Days on Market414
Property Features for 106 College Street
General Information
Standard status
Active
Size
2,624 SF
Property subtype
Apartment
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$808
Building Details
Building Size
2,624 SF
Year Built
1936
Listing Agency:
Wendy Hill Realty
(336) 475-6800
Listed By:
Wendy Hill · License #131681
(336) 442-5718
Source:
Ellennoracoproperties
Added: Sep 15, 2025
Changed: Oct 27
Last Checked: Oct 31 at 12:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wendy Hill Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex contains four one-bedroom units in a 2,624-square-foot building. Wood floors and on-site parking are among its stated features. The property was built in 1936.
Located at 106 College Street in Thomasville, North Carolina, the property is described as convenient to the Triad.
Located at 106 College Street in Thomasville, North Carolina, the property is described as convenient to the Triad.
Key Highlights
- Four one‑bedroom units
- 2,624‑square‑foot building
- Wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,691
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,820
$493.8K
Cap Rate 7%
$352,729
$352.7K
Cap Rate 9%
$274,344
$274.3K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$37.8K $14.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$35.3K $13.44/SF
− OpEx
−$10.6K −$4.03/SF
NOI
$24.7K $9.41/SF
Area
Davidson County, NC
Vacancy
6.65%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,820
Cap Rate 7%
$352,729
Cap Rate 9%
$274,344
Alternative Uses
Best Use
Multifamily LT 5
$352.7K
$308.6K – $411.5K
NOI $24,691 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$306.0K
$267.8K – $357.0K
NOI $21,421 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$665.7K
$582.5K – $776.7K
NOI $46,602 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
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Business Placement
Demographics for 27360, NC
47,165
Population
20,987
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
88.5 sq mi
ZIP Area
533
Density / Sq Mi
$60,898
Median Household Income
$40,029
Median Earnings
$853
Median Rent
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences offer a compact multifamily configuration with wood floors and on-site parking.
Where is this quadplex located?
The property is located at 106 College Street Thomasville, NC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four one‑bedroom units; 2,624‑square‑foot building; Wood floors
