Property profile

420 Salem St K Lexington, NC 27292

OFF-MARKET
Residential income homes
Property ID
US53-2215436
5,472 SF 1.11 ac lot Built 1984
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1984
Construction FRAME
Total area 5,472 SF
Lot 1.11 ac (48,352 SF)
Zoning code TN
APN 11-051-0-00C-0012
UPID US53-2215436

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

420 Salem St, Unit K Lexington, NC 27292-2895
Lexington metro Census 61300 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$615k

Owner & transaction history

since 2018
3 recorded transactions
2018
$720,000
2004
$780,000
1969
Price N/A

Zoning & alternative use

TN · Lexington, NC
Zoning description

The intent of the Traditional Neighborhood District is to accommodate existing medium to high density residential neighborhoods and provide opportunities for new single and multi family residential, allowing a range of h…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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