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
$850,000
305 Salem St, Thomasville, NC 27360
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1971
-- sqft lot
$867,500 Zestimate®
$--/sqft
$1,054 Estimated rent
Home value
$867,500
$746,000 - $1.01M
$1,054/mo
Zestimate® history
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$4,929/mo
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List your homeWhat's special
Updated bathsFresh paintCorner lotLow-maintenance brickDurable lvpShaker-cab kitchens
Zillow last checked:
Listing updated:
Listed by:
Landon Stone 336-515-6902,
Real Broker LLC
Bought with:
Tiffany Johnson, 359516
Joshua Mitchell Real Estate
Source: Triad MLS,MLS#: 1185605
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 & HOA
HOA
- Has HOA: No
Location
- Region: Thomasville
Financial & listing details
- Tax assessed value: $519,810
- Annual tax amount: $7,043
- Date on market: 6/25/2025
- Cumulative days on market: 22 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Sold | $850,000-5.6% |
Source:  Triad MLS #1185605 Report a problem | ||
| 7/17/2025 | Pending sale | $900,000 |
Source: Triad MLS #1185605 Report a problem | ||
| 6/25/2025 | Listed for sale | $900,000 |
Source: Triad MLS #1185605 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 27360
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Nearby schools
GreatSchools rating
- 6/10Liberty Drive Elementary SchoolGrades: 4-5Distance: 1.3 mi
- 3/10Thomasville Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Thomasville High SchoolGrades: 9-12Distance: 1 mi
Get a cash offer in 3 minutes
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Estimated market value
$867,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$867,500
- North Carolina
- Davidson County
- Thomasville
- 27360
- 305 Salem St
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