403 Gilmer Street Extension Reidsville, NC $ 595,000
403 Gilmer Street Extension
$ 595,000
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403 Gilmer Street Extension

Reidsville, NC, 27320
$ 595,000
Bedrooms8 Baths8.0

Monthly Estimate*

$ 3,664

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Multi-Family Home for sale in Reidsville, NC

for $595,000 with 8 bedrooms and 8 full baths. This home was built in 1940 on a lot size of 0.44.

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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Multi-Family Active

Price

$ 595,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 4,947

Style

Apartment

Lot Size

0.44

Year Built

1940

Town/City

Reidsville

County/Region

Rockingham

MLS | Web ID

1220578

Features
General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Central Air Heat Pump
Appliances Electric Water Heater
Zoning R6RD
Garage Spaces 0
Pool Features None
Construction Materials Block
Year Built 1940
Property Subtype Apartment
County Rockingham
Property Type Residential Income
HOA No
Status Active
Directions From S Scales Street turn onto Gilmer Street the property will be on your left.
City Reidsville
Number Of Units Total 8
Number of Units Leased 8
Listing Terms Cash Conventional
Tax Annual Amount 4947
Standard Status Active
Pool Y/N No
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Exterior
Parking Features Assigned Gravel Paved
Lot Features City Lot Cleared
Water Source Public
Total Parking 12
Lot Size Acres 0.44
Road Surface Type Paved
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Interior
Furnished Units None
Laundry Features Coin Laundry
Energy Features Insulated Windows
Heating Fuel Electric
Water Heater Electric
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Internal Only
Street Number 1 403
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* Excluded Features
List By
Stephanie Andrew

Listing Agent

Realty One Group Results Greensboro

Broker

realtorstephanieandrew@gmail.com

Email

Affordability Calculator

$4,076
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,664
Monthly Property Taxes
$412
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
584379 Elementary School
584626 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$595,000 Listed Price

Map


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403 Gilmer Street Extension, Reidsville, NC, 27320 is a Multi-Family Home for sale at $595,000 with a lot size of 0.44. 403 Gilmer Street Extension has 8 bedrooms, 8.0 baths, and was built in 1940. The property's zip code is 27320 which is in Reidsville, NC