Colony Pointe Apartments For
For Sale
$3,500,000
1611 Fairfax Rd, Greensboro, NC 27407
36-unit multifamily community in Greensboro, NC, with value-add potential.
Property SizeContact for details
Days on Market134
Property Features for 1611 Fairfax Rd
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
36-unit community comprised entirely of two-bedroom floor plans offering broad renter appeal
Consistent unit mix supports operational efficiency and streamlined management
Proven demand from Greensboro's workforce housing renter base
Value-add opportunity through interior renovations and rental upside
Strategic location within the Piedmont Triad with access to major employment corridors
Stable in-place cash flow with potential for increased returns through a scalable upgrade program
Building Details
Units
36
Listing Agency:
Charleston Office
(336) 450-4651
Listed By:
Ryan Parrish · License #License(s): NC: 358857
(336) 450-4651
Source:
Marcusmillichap
Added: Apr 20
Changed: Aug 8
Last Checked: Aug 31 at 12:55PM
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 Charleston Office
Investment Insights
Based on property information with market context.
Colony Pointe Apartments is a 36-unit multifamily community built in 1973. The property consists entirely of two-bedroom floor plans. The property caters to Greensboro’s workforce renters seeking affordability, functionality, and convenient access to major employment corridors. The consistent two-bedroom layout promotes operational efficiency, broad tenant appeal, and stable cash flow. The property benefits from Greensboro’s diverse economic base, supported by key sectors including healthcare, education, manufacturing, and logistics. Situated within the Piedmont Triad with access to major transportation corridors, the area continues to experience steady demand for attainable housing, reinforcing long-term investment fundamentals. The property also offers value-add potential through interior upgrades. Select renovations present the opportunity to achieve rental premiums while maintaining affordability. The uniform floor plan allows for an efficient and scalable renovation program, enhancing both returns and overall asset value.
Key Highlights
- Strong cash flow potential due to consistent two‑bedroom layout and broad tenant appeal.
- Value‑add opportunity through interior upgrades to achieve rental premiums.
- Located in Greensboro with a diverse economic base and strong demand for attainable housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 27407, NC
49,803
Population
23,861
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
88%
High-School Grad
29.4 sq mi
ZIP Area
1,694
Density / Sq Mi
$59,308
Median Household Income
$35,819
Median Earnings
$1,113
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 36-unit multifamily community in Greensboro, NC, with value-add potential.
Where is this apartment building located?
The property is located at 1611 Fairfax Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Strong cash flow potential due to consistent two‑bedroom layout and broad tenant appeal.; Value‑add opportunity through interior upgrades to achieve rental premiums.; Located in Greensboro with a diverse economic base and strong demand for attainable housing.
