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6-Unit Apartment Building
For Sale
$449,000

824 Summit Street, Walnut Cove, NC 27052

Residential Income, Walnut Cove, NC

Property SizeContact for details
Days on Market8

Property Features for 824 Summit Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-20
Directions From Walnut Cove Main Street north to 9th street , right on Summit ave. Apartment building is on the corner of Summit ave and 9th street
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3030

Building Details

Year built 1970
Listing Agency: Carolina Triad Choice Realty
Listed By: Wayne Smart
Added: Sep 18 Changed: Sep 25 Last Checked: Sep 25 at 7:06PM
MLS# 1236009

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 six-unit apartment property at 824 Summit Street in Walnut Cove was built in 1970. Each residence has a mini-split heating and cooling system, and all six are currently leased. The owner covers the water expense. The roof is approximately 16 years old, and the property is zoned R-20.

Key Highlights

  • Six apartments, all currently leased
  • Mini‑split heating and air conditioning in every unit
  • Owner pays for water

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Plumbing Service Dental Office Garden Center (Bike/Boat/Book/etc) 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.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby

Demographics for 27052, NC

9,861
Population
4,447
Households
2.2
Avg Household Size
48
Median Age
16%
College-Educated
89%
High-School Grad
99.0 sq mi
ZIP Area
100
Density / Sq Mi
$57,913
Median Household Income
$39,953
Median Earnings
$737
Median Rent
$182,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Every residence is leased, with mini-split systems providing heating and cooling.
Where is this apartment building located?
The property is located at 824 Summit Street Walnut Cove, NC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Six apartments, all currently leased; Mini‑split heating and air conditioning in every unit; Owner pays for water
More about this property
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