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8-Unit Apartment Building

804 Meadow Ridge Court, Winston-Salem, NC 27107

For Sale
$514,900

RMU-zoned property with rental income and updated interiors in most residences.

Property SizeContact for details
Days on Market46

Property Features for 804 Meadow Ridge Court

General Information

Standard status Active
Property subtype Multi Family Home
Zoning RMU

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $5,350

Building Details

Year Built 1981
Buildings 1
Listing Agency: GSO Realty Partners
Listed By: Darya Wojtyra · License #326004
Source: Grandslamrealtync
Added: Sep 22 Changed: Nov 6 Last Checked: Nov 6 at 2:46PM

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 GSO Realty Partners

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Investment Insights

Based on property information with market context.

Built in 1981, this apartment property contains eight residences, each configured with one bedroom and one bathroom. Most units have received interior updates, including flooring, fixtures, and finishes. The roof and exterior decking were replaced in 2023. The property is currently generating rental income and has no HOA.

Key Highlights

  • Eight apartments, each with one bedroom and one bathroom
  • Roof and exterior decking replaced in 2023
  • Most apartments have updated flooring, fixtures, and finishes

Property Analytics

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 27107, NC

49,834
Population
20,767
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
66.2 sq mi
ZIP Area
753
Density / Sq Mi
$59,897
Median Household Income
$35,832
Median Earnings
$889
Median Rent
$201,700
Median Home Value

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?
Apartment building - RMU-zoned property with rental income and updated interiors in most residences.
Where is this apartment building located?
The property is located at 804 Meadow Ridge Court Winston-Salem, NC.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Eight apartments, each with one bedroom and one bathroom; Roof and exterior decking replaced in 2023; Most apartments have updated flooring, fixtures, and finishes
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