403 Gilmer Street Extension, Reidsville, NC 27320

Reidsville
Local realty services provided by:ERA Live Moore
403 Gilmer Street Extension,Reidsville, NC 27320
$525,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: stephanie andrew
Office: realty one group results greensboro336-907-4018
MLS#:1220578
Source:NC_TRIAD

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Price summary

  • Price:$525,000

About this home

Excellent opportunity featuring an 8-unit complex conveniently located near downtown shopping, dining, & local amenities. Each spacious unit features 2 bedrooms, 1 full bath, a kitchen with breakfast area, separate dining room, and a generously sized living room. All units include a refrigerator & free-standing range/oven, & each apartment has its own individual heat pump. Some units have been updated with durable LVP flooring, while others still maintain carpeted areas, offering future value-add potential. Designated parking spaces along with additional street parking for tenants and guests. The property has a strong rental history with most tenants being long-term. Current rental rates range $625 to $950 per month, presenting an excellent opportunity for increased cash flow with future rent adjustments. Whether you are looking to expand your portfolio or purchase your first multifamily investment, this property offers stability, convenience, and upside potential.

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Home facts

  • Year built:1940
  • Listing ID #:1220578
  • Added:105 day(s) ago
  • Updated:September 05, 2026 at 07:18 AM

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:1940
  • Lot Features:City Lot, Cleared
  • Construction Materials:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Tax amount:$4,947

Parking

  • Total parking spaces:12
  • Parking description:Assigned, Gravel, Paved
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