Downtown Madison Investment
For Sale
$750,000
118 W Murphy Street, Madison, NC 27025
Renovated apartments and retail space in downtown Madison, North Carolina.
Property SizeContact for details
Days on Market451
Property Features for 118 W Murphy Street
General Information
Standard status
Active
Listing Agency:
REALTY ONE GROUP RESULTS REIDSVILLE
(336) 637-5058
Listed By:
LIZ ECKLER
Source:
Corcoran
Added: May 27, 2025
Changed: Mar 16
Last Checked: Aug 19 at 9:50AM
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 REALTY ONE GROUP RESULTS REIDSVILLE
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
Property Profile
Current Use
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
Questions? Ask Rey
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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.
