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Apartment Building with 18 Rooms
For Sale
$499,900

1012 S Main St, Burlington, NC 27215

Three-level property with shared kitchen facilities, four full bathrooms, and OI zoning supporting multifamily residential uses.

Property Size5,800 SF
Price / SF$86.19
Days on Market630

Property Features for 1012 S Main St

General Information

Standard status Active
Size 5,800 SF
Property subtype Multi-Family

Building Details

Year Built 1933
Listing Agency: COLDWELL BANKER - HP&W
Listed By: Bryan Guarnieri · License #299470
Source: Searchhomesinthetriad
Added: Dec 7, 2024 Changed: Aug 29 Last Checked: Aug 29 at 4:03PM

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 COLDWELL BANKER - HP&W

Investment Insights

Based on property information with market context.

Built in 1933, this 5,800-square-foot apartment building is configured with 18 rooms distributed across three floors, along with a kitchen and four full bathrooms. The property is currently operated as a rooming house, with most rooms occupied under month-to-month arrangements.

The building is located at 1012 S Main St in Burlington, North Carolina. OI zoning is identified for office uses, research and development facilities, corporate headquarters, and multifamily residential uses in single-building and multi-building developments. The existing room configuration and shared facilities provide a defined operating layout for the property.

Key Highlights

  • 18 rooms arranged with 6 rooms per floor
  • 5,800‑square‑foot building constructed in 1933
  • Kitchen and 4 full bathrooms

Property Analytics

Current Use

AB Mechanical Construction,Inc HVAC Service

Suggested Use

Top Pick Law Firm Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

956
Businesses Nearby

Demographics for 27215, NC

44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
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?
Apartment building - Three-level property with shared kitchen facilities, four full bathrooms, and OI zoning supporting multifamily residential uses.
Where is this apartment building located?
The property is located at 1012 S Main St Burlington, NC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 18 rooms arranged with 6 rooms per floor; 5,800‑square‑foot building constructed in 1933; Kitchen and 4 full bathrooms
More about this property
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