Listing Agency: REALTY ONE GROUP RESULTS REIDSVILLE

Listed By: LIZ ECKLER Show Phone

Source: Corcoran

Added: May 27, 2025 Changed: Mar 16 Last Checked: Oct 14 at 11:30PM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity in downtown Madison, North Carolina. The renovation of four apartments is complete, and all are currently rented. The property includes two one-bedroom apartments and two studio apartments. Each unit features new electrical, plumbing, flooring, kitchens, and HVAC systems. There is potential to add up to four additional apartments, bringing the total to eight units. Additionally, the property includes retail space with a separate entrance, offering street visibility and rental possibilities. This setup allows an owner to receive income from both the residential and retail aspects of the property. The intended use of the property is for residential income and retail purposes.

Key Highlights

• Fully renovated apartments (4 units) are already rented and generating income.
• Potential to add up to 4 additional apartments, increasing total unit count to eight.
• Includes a retail space with high street visibility and separate entrance, offering additional income potential.

Property Analytics

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Current Use

Quadplexes

Location Intelligence

Trade Area within ½ mile

381

Businesses Nearby

Explore this area Business Placement

Demographics for 27025, NC

10,769

Population

5,513

Households

2

Avg Household Size

47

Median Age

15%

College-Educated

83%

High-School Grad

97.7 sq mi

ZIP Area

110

Density / Sq Mi

$53,075

Median Household Income

$36,261

Median Earnings

$709

Median Rent

$168,900

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?

Quadplex - Renovated apartments and retail space in downtown Madison, North Carolina.

Where is this quadplex located?

The property is located at 118 W Murphy Street Madison, NC.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Fully renovated apartments (4 units) are already rented and generating income.; Potential to add up to 4 additional apartments, increasing total unit count to eight.; Includes a retail space with **high street visibility** and separate entrance, offering additional income potential.