Multifamily Property with Five Units

3425 Martin Avenue, Greensboro, NC 27405

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For Sale

$350,000

Distressed multifamily property featuring five units, three vacant.

Type:MF

HighLights

Value‑add opportunity through renovation and lease‑up of vacant units.
Three units recently updated with new flooring, windows, and paint.
Potential for increased rental income based on conservative market rent estimates of $1045 per unit.
Two units currently leased, providing immediate income.
Tenants pay their own electric bills (individually metered).
Rent comps available for verification.

We can help!

Contact an agent

Roger Abbott

For Sale

$350,000

Distressed multifamily property featuring five units, three vacant.

Type:MF

Added:: Nov 25, 2025
Days on Market:: 224
Last Refresh:: Jun 28 at 11:47 pm

Property Features for 3425 Martin Avenue

General Information

Standard status: Active
Property subtype: MF

Building Details

Year Built: 1962

We can help!

Contact an agent

Roger Abbott

Listing office Keller Williams Realty

Listing date Nov 25, 2025

Source Realnex

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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

HighLights

Value‑add opportunity through renovation and lease‑up of vacant units.
Three units recently updated with new flooring, windows, and paint.
Potential for increased rental income based on conservative market rent estimates of $1045 per unit.
Two units currently leased, providing immediate income.
Tenants pay their own electric bills (individually metered).
Rent comps available for verification.

Overview

This multifamily property includes a total of 5 units. Two units are currently leased on a month-to-month basis at a rate of $950 per month. The remaining three units are vacant and have been updated with new flooring, windows, and paint. Tenants are responsible for their electric bills, which are individually metered. The owner covers the costs of water, sewer, and trash services. The owner has indicated that no T-12 or rent rolls are available. The market rent is conservatively estimated at $1045 per month for each unit. This property presents potential for value addition.

Property Profile Location Intelligence

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Apartment buildings

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Local Demand

City: Greensboro
County: Guilford
State: North Carolina
Longitude: -79.7598976
Latitude: 36.1238417

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For sale
Apartment buildings
NC
Greensboro
27405
3425 Martin Avenue

What type of property is this?

Apartment building - Distressed multifamily property featuring five units, three vacant.

Where is this apartment building located?

The property is located at 3425 Martin Avenue Greensboro, NC.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Value‑add opportunity through renovation and lease‑up of vacant units.; Three units recently updated with new flooring, windows, and paint.; Potential for increased rental income based on conservative market rent estimates of $1045 per unit.