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.
Sold for $850,000 on 08/06/25
$850,000
305 Salem St, Thomasville, NC 27360
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1971
-- sqft lot
$853,200 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 01:21pm
Listed by:
Landon Stone 336-515-6902,
Real Broker LLC
Bought with:
Tiffany Johnson, 359516
Joshua Mitchell Real Estate
Source: Triad MLS,MLS#: 1185605
Originating MLS: Greensboro

Facts & features
Interior
Heating
- Heat Pump, Electric
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
- Laundry: Washer/Dryer Connection
Features
- Storage
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 8,804
Property
Parking
- Parking features: Assigned, Paved, No Garage
Features
- Pool features: None
Lot
- Size: 0.94 Acres
Details
- Parcel number: 16081000C0008000
- Zoning: R8
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Thomasville
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional