1620 Spring Garden Street

Greensboro , NC 27403

MLS#: 4308553

$2,070,000

Status: Closed
Listing number: 4308553
Listing provided by: Keller Williams Ballantyne Area
Listing agent phone: None
Last update: 19 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1981

Sq.Footage

N/A

This property offers a rare chance to acquire a 17-unit apartment community in one of Greensboro’s strongest rental corridors. Nearly 90% renovated, ownership invested heavily through 2024–2025, delivering upgraded units and refreshed exteriors. Leasing surged since summer 2025, with most units now occupied under market rent, creating a prime value-add opportunity with a pro forma cap rate of 7.1%. Centrally located near UNC Greensboro, downtown, and major employers, the property benefits from consistent rental demand and Triad market growth. For investors seeking scale, stability, and upside, Spring Garden Apartments is an opportunity not to miss.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Pool

    No

Area & Lot

  • Lot Features

    Paved, Wooded

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,070,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Guilford

Elementary School

Middle School

High School

Listing Courtesy of Zena Krogedal , Keller Williams Ballantyne Area

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Agent Kristen Harrill

Ops Manager

Kristen Harrill

Call Kristen today to schedule a private showing.

(813) 928-2592

kristen@prestinoadvantage.com


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This property offers a rare chance to acquire a 17-unit apartment community in one of Greensboro’s strongest rental corridors. Nearly 90% renovated, ownership invested heavily through 2024–2025, delivering upgraded units and refreshed exteriors. Leasing surged since summer 2025, with most units now occupied under market rent, creating a prime value-add opportunity with a pro forma cap rate of 7.1%. Centrally located near UNC Greensboro, downtown, and major employers, the property benefits from consistent rental demand and Triad market growth. For investors seeking scale, stability, and upside, Spring Garden Apartments is an opportunity not to miss.

1620 Spring Garden Street

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