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Six-Unit Apartment Building
New
For Sale
$449,000

824 Summit Street, Walnut Cove, NC 27052

Residential Income, Walnut Cove, NC

Property SizeContact for details
Days on Market7

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 Last Checked: Sep 24 at 1:06AM
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.

Located at 824 Summit Street in Walnut Cove, this six-unit apartment building was constructed in 1970 and is currently fully occupied. Each unit is equipped with mini-split heating and air, providing individual climate control across the property.

The property carries R-20 zoning and is situated in Stokes County, with a Walnut Cove mailing address in the 27052 ZIP code. Its six-unit configuration and existing occupancy provide a straightforward multifamily format for continued residential use.

Key Highlights

  • Six‑unit apartment building
  • All units currently rented
  • Mini‑split heating and air in every unit

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
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Frequently Asked Questions

What type of property is this?
Apartment building - R-20-zoned apartment property with all units rented and mini-split heating and air throughout.
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‑unit apartment building; All units currently rented; Mini‑split heating and air in every unit
More about this property
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