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8-Unit Apartment Building
For Sale
$595,000
Pending

403 Gilmer Street Ext, Reidsville, NC 27320

Eight-unit multifamily property with individual heat pumps, designated parking, and proximity to downtown shopping and dining.

Property SizeContact for details
Days on Market102

Property Features for 403 Gilmer Street Ext

General Information

Standard status Pending
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,947
Listing Agency: Realty One Group Results Greensboro
Listed By: Stephanie Andrew · License #200516
Source: Exprealty
Added: May 22 Changed: Aug 29 Last Checked: Aug 29 at 6:32PM

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

Investment Insights

Based on property information with market context.

This 8-unit apartment building offers a consistent two-bedroom, one-bath layout across the complex. Each residence includes a kitchen with breakfast area, separate dining room, and living room, along with a refrigerator, freestanding range/oven, and individual heat pump. Interior finishes vary, with some apartments featuring LVP flooring and others retaining carpeted areas.

The property includes designated parking spaces plus additional street parking for tenants and guests. Its location near downtown shopping, dining, and local amenities adds convenience for residents. The complex also has a rental history that includes mostly long-term tenants, providing established operating history for a multifamily buyer.

Key Highlights

  • 8‑unit apartment complex with two‑bedroom, one‑bath residences
  • Each apartment includes a refrigerator, freestanding range/oven, and individual heat pump
  • Unit layouts include kitchens with breakfast areas, separate dining rooms, and living rooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Dental Office Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

742
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit multifamily property with individual heat pumps, designated parking, and proximity to downtown shopping and dining.
Where is this apartment building located?
The property is located at 403 Gilmer Street Ext Reidsville, NC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 8‑unit apartment complex with two‑bedroom, one‑bath residences; Each apartment includes a refrigerator, freestanding range/oven, and individual heat pump; Unit layouts include kitchens with breakfast areas, separate dining rooms, and living rooms
More about this property
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