4-Unit Multifamily
For Sale
$440,000
1893 Mount Carmel Church Rd, Reidsville, NC 27320
A shared coin-operated laundry facility serves the rental units.
Property Size3,432 SF
Lot Size2.18 Acres
Price / SF$128.21
Days on Market235
Property Features for 1893 Mount Carmel Church Rd
General Information
Standard status
Active
Size
3,432 SF
Lot size
2.18 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
4
Amenities
shared commercial coin-operated laundry facility
Building Details
Year Built
1979
Listing Agency:
Realty One Group Results Greensboro
Listed By:
Faith Radford
(336) 908-6224
Source:
Searchhomesinthetriad
Added: Mar 10
Changed: Oct 28
Last Checked: Aug 25 at 7:44AM
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 Realty One Group Results Greensboro
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this multifamily property contains four rental units on a 2.18-acre parcel. The unit mix includes one 1-bedroom, 1-bathroom apartment and three 2-bedroom, 1-bathroom apartments. A shared commercial coin-operated laundry facility is also on site.
The roof and gutters were installed in 2025. Unit C has a new HVAC system.
The roof and gutters were installed in 2025. Unit C has a new HVAC system.
Key Highlights
- Four rental units: one 1‑bedroom/1‑bathroom unit and three 2‑bedroom/1‑bathroom units
- Property occupies 2.18 acres
- Shared commercial coin‑operated laundry facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,832
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,640
$616.6K
Cap Rate 7%
$440,457
$440.5K
Cap Rate 9%
$342,578
$342.6K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$47.4K $13.80/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$44.0K $12.83/SF
− OpEx
−$13.2K −$3.85/SF
NOI
$30.8K $8.98/SF
Area
Rockingham County, NC
Vacancy
7.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,640
Cap Rate 7%
$440,457
Cap Rate 9%
$342,578
Alternative Uses
Best Use
Multifamily LT 5
$440.5K
$385.4K – $513.9K
NOI $30,832 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$408.4K
$357.4K – $476.5K
NOI $28,591 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.13M
$990.1K – $1.32M
NOI $79,206 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 27320, NC
37,843
Population
17,876
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
244.9 sq mi
ZIP Area
155
Density / Sq Mi
$55,491
Median Household Income
$37,258
Median Earnings
$776
Median Rent
$170,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A shared coin-operated laundry facility serves the rental units.
Where is this quadplex located?
The property is located at 1893 Mount Carmel Church Rd Reidsville, NC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Four rental units: one 1‑bedroom/1‑bathroom unit and three 2‑bedroom/1‑bathroom units; Property occupies 2.18 acres; Shared commercial coin‑operated laundry facility
