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403 Gilmer Street Extension

Reidsville, NC 27320
  • $595,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 1220578
$595,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

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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Copyright 2026 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database. Data last updated 2026-06-15T23:30:45.45.
www.lewisclarkrealtorsgso.com/homes/176785384
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403 Gilmer Street Extension Reidsville, NC 27320

  • Price: $595,000
  • Status: Active
  • On Site: 24 Days
  • MLS #: 1220578
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1940
Built
County:
Rockingham
Area:
Rockingham
Property Description
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.
Exterior Features

Construction Materials Block Parking Features AssignedGravelPaved Parking Total 12 Pool Features None Pool YN No

Interior Features

Appliances Electric Water Heater Basement YN No Cooling Central AirHeat Pump Energy Features Insulated Windows Heating Heat PumpElectric Laundry Features Coin Laundry Units Furnished None Water Heater Electric

Property Features

Association YN No Built Information Existing City Limits YN Yes Environmental Hazards No Heating Fuel Electric Land Description Cleared Land Listing Terms CashConventional Lot Features City LotCleared Num Unfurnished Units 8 Property Sub Type Apartment Road Surface Type Paved Sewer Public Sewer Special Listing Conditions Owner Sale Tax Annual Amount 4947 Water Source Public

Listing information © 2026 Triad MLS, Inc. All rights reserved. Listing provided courtesy of Realty One Group Results Greensboro:336-907-4018. Information deemed reliable but not guaranteed.


Copyright 2026 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database. Data last updated 2026-06-15T23:30:45.45.
 
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Lewis & Clark, Realtors®
1016 N. Elm Street
Greensboro NC, 27401