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$850,000

  • Sold
  • Closed
  • Apartment
  • 0.94 Acres
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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.

Full Property Details for 305 Salem St

General

  • Sold For: $850,000
  • Taxes: $7,043
  • Status: Closed
  • Type: Apartment
  • Source: Triad_MLS
  • MLS ID: 1185605
  • Added to Site: 324 day(s) ago

Interior

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Washer/Dryer Connection

Parking

  • Garage Description: None
  • Parking Features: Assigned, Paved, No Garage

Location

  • County: Davidson
  • Driving Directions: 220 S. Take exit 79 onto 29 S. Take NC 109 exit onto 109 S. Building on the left.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Heat Pump, Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Exterior Const.: Brick, Vinyl Siding
  • Storage: Extra Storage Space
  • Year Built: 1971

Lot Features

  • Lot Size (Acres): 0.94

Financial Considerations

  • Price Per Acre: $904,255.3191
  • Tax Amount: $7,043
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Owner Sale

Listed by Real Broker LLC
Sold by Joshua Mitchell Real Estate

Listing agent

— 305 Salem St —

  • Real Broker LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 305 Salem St

School District:Thomasville City Schools
NameGradesDistance
Liberty Drive Elementary School
401 Liberty Drive, Thomasville, NC 27360
4-51.3 mi
Thomasville Primary School
915 East Sunrise Avenue, Thomasville, NC 27360
PK-31.7 mi
Thomasville Middle School
400 Unity Street, Thomasville, NC 27360
6-80.8 mi
Thomasville High School
410 Unity Street, Thomasville, NC 27360
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 305 Salem St

Date
Details
Price
Change
Source
8/06/2025
Sold
$850,000
-5.56%
MLS
6/25/2025
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Real Broker LLC
Sold by Joshua Mitchell Real Estate

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305 Salem Street, Thomasville, NC 27360 (MLS# 1185605) is a Apartment property that was sold at $850,000 on August 06, 2025. Want to learn more about 305 Salem Street? Do you have questions about finding other Apartment real estate for sale in Thomasville? You can browse all Thomasville real estate or contact a Coldwell Banker agent to request more information.