$400,000

3425 Martin Ave Greensboro, NC 27405

Rankin Area Neighborhood

Estimated payment $2,348/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

A distressed multifamily property with potential for value addition. It comprises a total of 5 units. Two of these units are currently leased on a month-to-month basis at a rate of $950 per month. The remaining three units are vacant and have been updated with new flooring, windows, and paint. Tenants are responsible for their electric bills, (Individually metered) while the owner covers the costs of water, sewer, and trash services. The owner has indicated that no T-12 or rent rolls are available. The market rent is conservatively estimated at $1045 per month for each unit. Rent comps in documents and can be provided.

Listing Agent

Roger Abbott

Keller Williams Central License #318076 Listed on: 11/24/2025

Keller Williams Central

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,830

Year Built

  • Built in 1962

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 102 x 243 x 101 x 260

Home Design

  • Brick Exterior Construction

Parking

  • 5 Parking Spaces
  • Gravel Driveway

Schools

  • Eastern Middle School
  • Eastern High School

Utilities

  • Window Unit Cooling System
  • Electric Water Heater

Additional Features

  • Vinyl Flooring
  • Washer and Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 29-32 / F
  • Assessor Parcel Number 0046755
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • 758 Sq Ft Building

Building Details

  • 2 Leased Units
  • New Taxes Expense $2,830

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,830

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.61
  • Lot Size: 102 x 243 x 101 x 260
  • Directions: From I-40/I-85 Exit 131 slight right toward I-785 N/I-840 W and merge. Take exit 14B-A for US-29 S ramp. Turn right onto McKnight Mill Rd. Turn right onto Martin Avenue
  • Architectural Style: Garden
  • Year Built: 1962
  • Idx Status: Active
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Vinyl
  • Basement YN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: None
  • Lot Features: City Lot
  • Pool Features: None
  • Construction Type: Block, Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Gravel
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Rankin
  • High School: Eastern
  • Middle Or Junior School: Eastern

Lot Info

  • Parcel #: 0046755
  • Zoning: RM-12
  • TRIADMLS_PlatPage: 139
  • TRIADMLS_PlatBook: 6

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Number Of Units Furnished: None
  • Number Of Units Leased: 2

Tax Info

  • New Taxes Expense: 2830
  • Tax Annual Amount: 2830
  • Tax Block: F
  • Tax Lot: 29-32
  • Tax Year: 2025
  • TRIADMLS_TaxRate: 1.403

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 For Sale $400,000 -- --
Source: Triad MLS

Source: Triad MLS

MLS Number: 1202971

Triad MLS
North Carolina Guilford County Greensboro 27405 Rankin Area

3425 Martin Ave, Greensboro, NC

For Sale

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Roger Abbott
Listing Agent
Roger Abbott
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Keller Williams Central
(336) 396-7809