Colony Pointe Apartments For Sale

1611 Fairfax Rd, Greensboro, NC 27407

View on Map

For Sale

$3,500,000

36-unit multifamily community in Greensboro, NC, with value-add potential.

Type:Multifamily

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.
Convenient access to major transportation corridors within the Piedmont Triad.
Operational efficiency due to uniform two‑bedroom floor plans.
Caters to Greensboro’s workforce renters seeking affordability and functionality.

We can help!

Listing Contact

Ryan Parrish

Learn more

For Sale

$3,500,000

36-unit multifamily community in Greensboro, NC, with value-add potential.

Type:Multifamily

Added:: Apr 20, 2026
Days on Market:: 51
Last Refresh:: Apr 20 at 8:09 pm

Property Features for 1611 Fairfax Rd

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Ryan Parrish

Listing agent Ryan Parrish License #NC: 358857

Listing office Charlotte Uptown Office

Listing date Apr 20, 2026

Source Marcusmillichap

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 Charlotte Uptown Office

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.
Convenient access to major transportation corridors within the Piedmont Triad.
Operational efficiency due to uniform two‑bedroom floor plans.
Caters to Greensboro’s workforce renters seeking affordability and functionality.

Overview

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.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Greensboro
County: Guilford
State: North Carolina
Longitude: -79.8719358
Latitude: 36.0470264

Nearby Similar for Sale

$1,100,000

4,800 SF

Established Childcare Facility For Sale

Long-established childcare facility in Greensboro with excellent visibility.

1501 Upland Drive, Greensboro, NC 27405

View Details
$725,000

7,000 SF

Greensboro Industrial Building with Offices

7,000 SF industrial building with office and warehouse space.

145 S Walnut Circle, Greensboro, NC 27409

View Details
$475,000

2,224 SF

Downtown Greensboro Office Building For Sale

Stand-alone office building in historic Fisher Park, Greensboro.

510 Church Street, Greensboro, NC 27401

View Details
$392,500

2,772 SF

Remodeled Medical Office Facility

Move-in ready facility with flexible layout, multiple workspaces, and ample parking for professional and healthcare-related uses.

2425 Randleman Road, Greensboro, NC 27406

View Details
$280,000

2,054 SF

Greensboro Commercial Property For Sale

Two-unit commercial property in Greensboro, ideal for office or retail.

4929 W Market Street, Greensboro, NC 27407

View Details
$274,900

2,171 SF

Unique Greensboro Commercial Property

Unique property with industrial zoning and residential character.

4316 Burlington Road, Greensboro, NC 27405

View Details
$499,000

2,008 SF

Renovated Downtown Greensboro Commercial Building

Rare opportunity for urban work space or residential conversion.

312 Church Court, Greensboro, NC 27401

View Details
$1,500

1,009 SF

Greensboro Office Space For Sale

Mini office space with three offices and reception area.

2606 Branchwood Drive, Greensboro, NC 27408

View Details
$500

162 SF

Private Office Space Available

Private office spaces available, utilities included, ideal for small businesses.

2606 Branchwood Drive, Greensboro, NC 27408

View Details
$600,000

Car Lot with LI Zoning

Zoned LI and currently operating as a car lot, offering a straightforward automotive yard setup on a high-traffic corridor.

5216 Market Street, Greensboro, NC 27409

View Details
$159,000

1,625 SF

Commercial Property on Bessemer Avenue

Versatile commercial property with customization options and great visibility.

3200 E Bessemer Avenue, Greensboro, NC 27405

View Details
Sponsored

$1,625,000

5,270 SF

1018 North Elm Street

Three commercial properties for sale near Cone Health Hospital.

1018 North Elm St, Greensboro, NC 27401

View Details

For sale
Apartment buildings
NC
Greensboro
27407
1611 Fairfax Rd

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.