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Six-Unit Apartment Building
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2406 Spring Garden St., Greensboro, NC 27403

Well-maintained multifamily property with consistent two-bedroom, one-bathroom unit layouts near campus.

Property SizeContact for details
Days on Market144

Property Features for 2406 Spring Garden St.

General Information

Standard status Active
Property subtype Multifamily

Building Details

Tenancy Multi
Listing Agency: Paramount Properties
Listed By: Bryon Nelson · License #NC 130414
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 8:57PM

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 Paramount Properties

Investment Insights

Based on property information with market context.

This six-unit apartment building at 2406 Spring Garden St. offers a consistent configuration of two-bedroom, one-bathroom residences. The property is described as well maintained and received a new roof in 2020. HVAC is provided by two mini-split systems, with additional units planned as apartments turn over.

Located in the UNCG submarket, the building is within walking distance of campus. The property is offered together with 701 S. Chapman St. The existing layout may also support conversion to a student-housing model, subject to applicable requirements.

Key Highlights

  • Six‑unit apartment building with all units configured as 2BR/1Bath
  • New roof installed in 2020
  • Two mini‑split HVAC systems currently serving the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Parking Lot & Garage Computer & Electronic Repair

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby

Demographics for 27403, NC

23,679
Population
8,671
Households
2.7
Avg Household Size
28
Median Age
48%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
4,083
Density / Sq Mi
$56,722
Median Household Income
$24,843
Median Earnings
$998
Median Rent
$218,600
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 - Well-maintained multifamily property with consistent two-bedroom, one-bathroom unit layouts near campus.
Where is this apartment building located?
The property is located at 2406 Spring Garden St. Greensboro, NC.
What are key features of this property?
This property features: Six‑unit apartment building with all units configured as 2BR/1Bath; New roof installed in 2020; Two mini‑split HVAC systems currently serving the property
More about this property
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