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403 Gilmer Street Extension, 
Reidsville, NC 27320

$595,000


Bed


Bath


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Stephanie Andrew

Realty One Group Results Greensboro

336-907-4018

Last updated:

May 29, 2026, 10:52 PM

MLS#

1220578

Source:

NC TRIAD

About This Home

403 Gilmer Street Extension

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.

Home Facts

Multi-Family

Built in 1940

Price Summary

595,000

MLS #:

1220578

Last Updated:

May 29, 2026, 10:52 PM

Added:

12 day(s) ago


Structure

Structure

Year Built:

1940


Lot

Lot Size (Sq. Ft):

19,166


Finances & Disclosures

Finances

Price:

$595,000

MLS Logo

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.