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1424 E Commerce Ave 47 Unit Apartment Building Offered at $7,041,250 CAD at a 5.89% Cap Rate High Point, NC 27260

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Executive Summary

47-unit multifamily investment opportunity in High Point. Mix of 19 single story apartments and 28 townhouse style units, strong value-add potential. Many capital improvements including newer roofs and replacement windows in many units, with ongoing rental upside.

Commerce_Avenue_Actual_T12_Rent_Matrix

Property Facts

Price	$7,041,250 CAD	Apartment Style	Garden
Price Per Unit	$149,814 CAD	Lot Size	2.64 AC
Sale Type	Investment	Building Size	37,363 SF
Cap Rate	5.89%	Average Occupancy	96%
Gross Rent Multiplier	12.54	No. Stories	2
No. Units	47	Year Built/Renovated	1968/2019
Property Type	Multifamily Multifamily Apartments
Zoning	R26 - Multifamily Residential District

Price	$7,041,250 CAD
Price Per Unit	$149,814 CAD
Sale Type	Investment
Cap Rate	5.89%
Gross Rent Multiplier	12.54
No. Units	47
Property Type	Multifamily Multifamily Apartments
Apartment Style	Garden
Lot Size	2.64 AC
Building Size	37,363 SF
Average Occupancy	96%
No. Stories	2
Year Built/Renovated	1968/2019
Zoning	R26 - Multifamily Residential District

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+1	47	$1,162 CAD	725

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Fairly walkable

50/100

Exceptionally drivable

90/100

Minimal public transit

10/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Number	0175208	Improvements Assessment	$1,317,840 CAD
Land Assessment	$163,639 CAD	Total Assessment	$1,481,479 CAD

Property Taxes

Parcel Number

0175208

Land Assessment

$163,639 CAD

Improvements Assessment

$1,317,840 CAD

Total Assessment

$1,481,479 CAD

(239) 898-5486

Contact

Kirk Durham
Kirk Durham

Listing ID: 41426923
Date on Market: 2026-07-24
Last Updated:
Address: 1424 E Commerce Ave, High Point, NC 27260

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1424 E Commerce Ave, High Point, NC for sale Primary Photo- Image 1 of 9 — IMG_9853

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 2 of 9 — IMG_2345 (1)

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 3 of 9 — IMG_2351

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 4 of 9 — IMG_2347

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 5 of 9 — IMG_9854

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 6 of 9 — Second floor

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 7 of 9 — IMG_2349 (1)

1424 E Commerce Ave, High Point, NC for sale Building Photo- Image 8 of 9 — Bathroom

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