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305 Salem Street, 
Thomasville, NC 27360

$900,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Landon Stone

Real Broker LLC.

Last updated:

June 27, 2025, 06:45 PM

MLS#

1185605

Source:

NC TRIAD

About This Home

305 Salem Street

Rare 9-unit in downtown Thomasville! Eight spacious 2 BR/1 BA apartments plus one 3 BR/1 BA and a detached storage building on a corner lot. Eight units boast fresh paint, durable LVP, updated baths, and shaker-cab kitchens—only Unit B left for easy value-add. Stroll 0.3 mi to the brand-new Thomasville Aquatics & Community Center with pool, fitness, and events—an instant resident magnet. Area 2 BR market rents average ~$900/mo; at stabilization, potential gross is ±$97K/yr, projecting an 8 %+ cap at the $900K ask. Separate electric meters, city utilities, and low-maintenance brick keep expenses in check. Proven occupancy delivers steady cash flow from day one, with upside in Unit B and the storage building. DO NOT DISTURB TENANTS. Agents—see Agent-Only Remarks for showings and financials.

Home Facts

Multi-Family

Built in 1971

Price Summary

900,000

MLS #:

1185605

Last Updated:

June 27, 2025, 06:45 PM

Added:

2 day(s) ago


Structure

Structure

Year Built:

1971


Lot

Lot Size (Sq. Ft):

40,946


Finances & Disclosures

Finances

Price:

$900,000

MLS Logo

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