Multifamily Income
For Sale
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904 Lowdermilk Street, Greensboro, NC 27401
For-sale multifamily income property at 904 Lowdermilk Street in Greensboro, NC, totaling 22,500 square feet.
Property Size22,500 SF
Price / SF$125.56
Days on Market92
Property Features for 904 Lowdermilk Street
General Information
Standard status
Active
Size
22,500 SF
Property subtype
Multifamily
Building Details
Year Built
1966
Year Renovated
2024
Units
30
Listing Agency:
APARTMENT CORE
Listed By:
Mike Siciliano · License #NC
Source:
Crexi
Added: Jul 7
Changed: Sep 9
Last Checked: Oct 5 at 6:58PM
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
Estimated NOI and Cap Rate
NOI / Yr
$188,847
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,776,940
$3.8M
Cap Rate 7%
$2,697,814
$2.7M
Cap Rate 9%
$2,098,300
$2.1M
Market Conditions
NOI Build-Up for 22,500 SF
Gross rent
$364.5K $16.20/SF
− Vacancy
−$21.1K −$0.94/SF
EGI
$343.4K $15.26/SF
− OpEx
−$154.5K −$6.87/SF
NOI
$188.8K $8.39/SF
Area
Greensboro, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,776,940
Cap Rate 7%
$2,697,814
Cap Rate 9%
$2,098,300
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,847 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $499,262 @ 7.0% cap · market cap 17.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 27401, NC
21,854
Population
9,650
Households
2.3
Avg Household Size
29
Median Age
32%
College-Educated
85%
High-School Grad
5.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$44,524
Median Household Income
$22,542
Median Earnings
$883
Median Rent
$138,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 $2,825,000.
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
