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Historic Three-Unit Triplex
New
For Sale
$105,900

5 Jones Ave, Thomasville, NC 27360

Separate electric and water meters serve each apartment, with a two-bedroom and one-bedroom mix.

Property Size3,000 SF
Price / SF$35.30
Days on Market5

Property Features for 5 Jones Ave

General Information

Standard status Active
Size 3,000 SF
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence IN NEED OF SOME STRUCTUAL AND COSMETIC REPAIRS

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $967
Listing Agency: Russell Realty, Inc.
Listed By: Robin Russell
Source: Exprealty
Added: Oct 13 Changed: Oct 16 Last Checked: Oct 16 at 2:24PM

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 Russell Realty, Inc.

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Investment Insights

Based on property information with market context.

This three-unit residential property occupies a historic home adapted into apartments during the 1990s. The layout includes two two-bedroom apartments and one one-bedroom apartment, with approximately 3,000 square feet overall. Each unit has its own electric and water meter. The building requires structural and cosmetic work and is being offered in its current condition.

The property is in the historic district of Thomasville, North Carolina.

Key Highlights

  • Three apartments: two two‑bedroom units and one one‑bedroom unit
  • Approximately 3,000 square feet
  • Separate electric and water meters for each unit

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Electrical Service Building Supply HVAC Service

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

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

Demographics for 27360, NC

47,165
Population
20,987
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
88.5 sq mi
ZIP Area
533
Density / Sq Mi
$60,898
Median Household Income
$40,029
Median Earnings
$853
Median Rent
$174,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate electric and water meters serve each apartment, with a two-bedroom and one-bedroom mix.
Where is this triplex located?
The property is located at 5 Jones Ave Thomasville, NC.
What is the asking price?
The asking price for this property is $105,900.
What are key features of this property?
This property features: Three apartments: two two‑bedroom units and one one‑bedroom unit; Approximately 3,000 square feet; Separate electric and water meters for each unit
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