Four-Unit Quadplex with Wood
106 College Street, Thomasville, NC 27360
For Sale
$299,900
Residential Income, Thomasville, NC
Property Size2,624 SF
Lot Size0.17 Acres
Price / SF$114.29
Days on Market421
Property Features for 106 College Street
General Information
Property type
Property subtype
Zoning
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
wood floors
Building Details
Year built
Number of units
Listing Agency:
Wendy Hill Realty
(336) 475-6800
Listed By:
Wendy Hill · License #131681
(336) 442-5718
Added: Sep 15, 2025
Changed: Sep 24
Last Checked: Nov 9 at 7:06AM
MLS# 1195707
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.
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Investment Insights
Based on property information with market context.
This quadplex contains four one-bedroom units within a 2,624-square-foot residential income property built in 1936. Wood floors are featured throughout, and the property includes parking for residents. The 0.17-acre site is zoned R6.
Located at 106 College Street in Thomasville, North Carolina, the property is in Davidson County and carries a 27360 ZIP code. Its four-unit configuration provides a defined multifamily layout for residential income use.
Located at 106 College Street in Thomasville, North Carolina, the property is in Davidson County and carries a 27360 ZIP code. Its four-unit configuration provides a defined multifamily layout for residential income use.
Key Highlights
- Four one‑bedroom units in a quadplex configuration
- 2,624 square feet on a 0.17‑acre site
- R6 zoning
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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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - R6-zoned residential income property with four one-bedroom units 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 in a quadplex configuration; 2,624 square feet on a 0.17‑acre site; R6 zoning
