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Nine-Unit Apartment Complex
New
For Sale
$1,900,000

517 Tate Street, Greensboro, NC 27403

MULTI_FAMILY - Other - Greensboro, NC

Property Size1,091 SF
Lot Size0.54 Acres
Price / SF$1,741
Days on Market6

Property Features for 517 Tate Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-26
Parking 18
Directions From W Gate City Blvd, left on Tate St., Complex is on your right. From W Market, right on Tate St., Complex is on your left after Spring Garden St.
Standard status Active
Size 1,091 SF
Lot size 0.54 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description UNIT 1 CPB3-9 CHANCELLORS C PL:3-9
Tax Annual Amount 19672
Legal Description UNIT 1 CPB3-9 CHANCELLORS C PL:3-9

Amenities

washer/dryer
private patio

Building Details

Year built 1984
Floors in Building 2
Number of units 9
Architectural style Other
Listing Agency: Tyler Redhead & McAlister Real Estate, LLC
Listed By: Helen Richardson
Added: Aug 3 Changed: Aug 8 Last Checked: Aug 8 at 9:06PM
MLS# 1229771

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 9-unit condominium complex comprises three buildings, with each residence measuring approximately 1,090 square feet and offering 2 bedrooms, 2.5 baths, spacious living areas, a private patio, and a washer and dryer. Most units have received updates including flooring, countertops, and fresh paint. The property was built in 1984 and is situated on 0.54 acres with RM-26 zoning.

Located on Tate Street in Greensboro, the complex is within walking distance of UNCG, restaurants, shopping, and entertainment. Each unit includes 2 private parking spaces. The seller prefers to convey the property as one package, and unit access requires agent coordination with a minimum of 24 hours' notice.

Key Highlights

  • 9‑unit condominium complex arranged across three buildings
  • Each unit is approximately 1,090 square feet with 2 bedrooms and 2.5 baths
  • 2 private parking spaces per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Pet Store & Service Nursing Home

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,014
Businesses Nearby

Demographics for 27403, NC

23,679
Population
8,671
Households
2.7
Avg Household Size
28
Median Age
48%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
4,083
Density / Sq Mi
$56,722
Median Household Income
$24,843
Median Earnings
$998
Median Rent
$218,600
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 - Three buildings feature two-bedroom layouts with private patios, washers and dryers, and dedicated parking.
Where is this apartment building located?
The property is located at 517 Tate Street Greensboro, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9‑unit condominium complex arranged across three buildings; Each unit is approximately 1,090 square feet with 2 bedrooms and 2.5 baths; 2 private parking spaces per unit
More about this property
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