Multi-Unit Apartment
1806 Walker Avenue, Greensboro, NC 27403
For Sale
$429,500
Residential Income, Greensboro, NC
Property Size3,800 SF
Lot Size0.15 Acres
Price / SF$113.03
Days on Market110
Property Features for 1806 Walker Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Parking
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Architectural style
Listing Agency:
Berkshire Hathaway HomeServices Yost & Little Realty
(336) 272-0151
Listed By:
Mark Yost
(336) 707-6275
Added: Jul 24
Changed: Sep 30
Last Checked: Nov 10 at 12:06PM
MLS# 1228526
Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property includes approximately 3,800 square feet across five potential rental dwellings, with existing tenants in place. The building dates to 1926, includes a basement, and occupies a 0.15-acre site. SFR zoning applies to the property.
Located at 1806 Walker Avenue in Greensboro, the property is two blocks from UNC-G and within walking distance of the campus. Shopping, restaurants, downtown, Friendly Center, hospitals, and parks are also identified in the surrounding area. The address is in the 27403 ZIP code of Guilford County.
Located at 1806 Walker Avenue in Greensboro, the property is two blocks from UNC-G and within walking distance of the campus. Shopping, restaurants, downtown, Friendly Center, hospitals, and parks are also identified in the surrounding area. The address is in the 27403 ZIP code of Guilford County.
Key Highlights
- Approximately 3,800 square feet overall
- Five potential rental dwellings
- Existing tenants occupy units
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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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - SFR-zoned property with a basement near UNC-G, shopping, restaurants, downtown, hospitals, and parks.
Where is this apartment building located?
The property is located at 1806 Walker Avenue 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 overall; Five potential rental dwellings; Existing tenants occupy units
