Multi-Unit Multifamily
For Sale
$429,500
1806 Walker Ave, Greensboro, NC 27403
Occupied units provide an established rental-income profile near UNC-G and Greensboro amenities.
Property Size3,800 SF
Price / SF$113.03
Days on Market86
Property Features for 1806 Walker Ave
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$48,000
Building Details
Year Built
1926
Listing Agency:
Berkshire Hathaway HomeServices Yost & Little Realty
Listed By:
Mark Yost
(336) 272-0151
Source:
Searchhomesinthetriad
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 14 at 11:49PM
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 Berkshire Hathaway HomeServices Yost & Little Realty
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Investment Insights
Based on property information with market context.
This multifamily property at 1806 Walker Ave includes approximately 3,800 square feet across multiple units. Built in 1926, the property has existing tenants and generates ongoing rental income. The configuration also supports an owner-occupant arrangement with additional units available for rent, as described in the property information.
The property is located two blocks from UNC-G and is walkable to the university. Shopping, restaurants, downtown Greensboro, Friendly Center, hospitals, and parks are also identified as nearby destinations. Its location is within Greensboro, NC 27403.
The property is located two blocks from UNC-G and is walkable to the university. Shopping, restaurants, downtown Greensboro, Friendly Center, hospitals, and parks are also identified as nearby destinations. Its location is within Greensboro, NC 27403.
Key Highlights
- Approximately 3,800 square feet across multiple units
- Existing tenants provide ongoing rental income
- Two blocks from UNC‑G with walkable access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,894
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,880
$637.9K
Cap Rate 7%
$455,629
$455.6K
Cap Rate 9%
$354,378
$354.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$61.6K $16.20/SF
− Vacancy
−$3.6K −$0.94/SF
EGI
$58.0K $15.26/SF
− OpEx
−$26.1K −$6.87/SF
NOI
$31.9K $8.39/SF
Area
Greensboro, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,880
Cap Rate 7%
$455,629
Cap Rate 9%
$354,378
Alternative Uses
Best Use
Apartment 5plus
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,320 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Occupied units provide an established rental-income profile near UNC-G and Greensboro amenities.
Where is this multifamily property located?
The property is located at 1806 Walker Ave Greensboro, NC.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: Approximately 3,800 square feet across multiple units; Existing tenants provide ongoing rental income; Two blocks from UNC‑G with walkable access
