Multifamily Income
904 Lowdermilk Street Greensboro, NC 27401
For Sale
Contact for pricing
For-sale multifamily income property at 904 Lowdermilk Street in Greensboro, NC, totaling 22,500 square feet.
Property Size22,500 SF
Price / SF$133.11
Days on Market17
Property Features for 904 Lowdermilk Street
General Information
- Standard status
- Active
- Size
- 22,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing Agency:
APARTMENT CORE
Listed By:
Mike Siciliano · License #NC
Source:
Crexi
Added: Jul 7
Changed: Jul 22
Last Checked: Jul 22 at 3:42AM
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 APARTMENT CORE
Investment Insights
Based on property information with market context.
This for-sale multifamily income property is located at 904 Lowdermilk Street in Greensboro, North Carolina. The offering totals 22,500 square feet and is listed under “multifamily” and “residential income” property categories.
Additional information beyond the listing’s summary was not provided in the available remarks. Interested parties should review the detailed materials for full underwriting information and any property-specific features or current configuration not captured here.
Additional information beyond the listing’s summary was not provided in the available remarks. Interested parties should review the detailed materials for full underwriting information and any property-specific features or current configuration not captured here.
Key Highlights
- Multifamily income property for sale at 904 Lowdermilk Street in Greensboro, NC
- Total building size is 22,500 SF
- Year built: 1966
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.5k | $16.20 |
| − Vacancy | −$21.1k | −$0.94 |
| EGI | $343.4k | $15.26 |
| − OpEx | −$154.5k | −$6.87 |
| NOI | $188.8k | $8.39 |
22,500 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,847 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $499,262 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - For-sale multifamily income property at 904 Lowdermilk Street in Greensboro, NC, totaling 22,500 square feet.
Where is this multifamily property located?
The property is located at 904 Lowdermilk Street Greensboro, NC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Multifamily income property for sale at 904 Lowdermilk Street in Greensboro, NC; Total building size is 22,500 SF; Year built: 1966
