Tenant-Occupied Multi-Unit Residential
1806 Walker Avenue Greensboro, NC 27403
New
For Sale
$465,000
MULTI_FAMILY - Other - Greensboro, NC
Property Size3,800 SF
Lot Size0.15 Acres
Price / SF$122.37
Days on Market5
Property Features for 1806 Walker Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
SFR
Rooms
Basement
Parking
8
Parking features
Driveway
Standard status
Active
Size
3,800 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
143 PB 7-11 COLLEGE PARK PL:7-11
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Forced Air, Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Flooring type
Tile, Vinyl, Wood
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Yost & Little Realty
(336) 272-0151
Listed By:
Mark Yost
(336) 707-6275
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This multi-unit residential property at 1806 Walker Avenue is offered for sale with existing tenant-occupied units. The total building size is approximately 3,800 square feet, situated on a 0.15-acre lot. As presented, the property is configured for multiple tenants, providing occupancy at the time of closing.
The location is described as being just two blocks and within walking distance to UNC-G, with convenience to shopping, restaurants, downtown, Friendly Center, hospitals, and parks.
Zoned SFR, this is a residential income-focused offering intended for ownership with in-place tenants.
The location is described as being just two blocks and within walking distance to UNC-G, with convenience to shopping, restaurants, downtown, Friendly Center, hospitals, and parks.
Zoned SFR, this is a residential income-focused offering intended for ownership with in-place tenants.
Key Highlights
- Two‑block walking distance to UNC‑G
- Multi‑unit property with approximately 3,800 sq ft overall
- Current monthly income around $4,000 with existing tenants in place
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $13.80 |
| − Vacancy | −$2.9k | −$0.76 |
| EGI | $49.6k | $13.04 |
| − OpEx | −$14.9k | −$3.91 |
| NOI | $34.7k | $9.13 |
3,800 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.5K
$433.6K – $578.1K
NOI $34,685 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,320 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - SFR-zoned multi-unit residential property near UNC-G with existing tenant-occupied units.
Where is this quadplex located?
The property is located at 1806 Walker Avenue Greensboro, NC.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑block walking distance to UNC‑G; Multi‑unit property with approximately 3,800 sq ft overall; Current monthly income around $4,000 with existing tenants in place
