Investment opportunity on W Main St. near Historic downtown Elkin. This quadplex contains 4 completely renovated two bedroom, one bath apartments completed in 2019. All four apartments are currently rented. Each apartment measures just under 920SF, building features a common hallway leading to two apartments on the second level, two apartments on the main level and a full-size basement on the lower level. Tenants enjoy new recessed lighting, new flooring, remodeled kitchen w/ new appliances, updated baths, laundry closet. Each apartment has a back door leading to metal fire escape and the backyard. The exterior is comprised of brick for lower maintenance. Additional storage is in the unfinished basement. Located in the heart of the Yadkin Valley, and within walking distance to Elkin Municipal Park, Yadkin River, Mountains-to-Sea Trail, top-rated Elkin City Schools, Elkin Library. Easy walk to Historic Downtown Elkin. Using market rent & NOI of $35,252=a cap rate of 7.35%
Multi-familyProperty Type
1964Year Built
Listed by Robert Ball• Underdown, Ball & Associates, LLC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
2011
Sq. Ft.
3,808
Year built
1964
Style
Other
County
Surry County
APN
495113030736
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
MDR
Medium Density Residential
The Medium Density Residential district is established where the principal use of land is for single-family residential, townhomes, duplexes, triplexes, and other small-scale multi-family residential development along with limited home occupations and public and private community uses. The regulations are intended to prohibit any use which, because of its character, would interfere with the residential nature of this district. Residential density may not exceed four units per acre.
Property details
Parking
Parking / Garage Information
Parking Features: Driveway, On Street
Interior
Basement Information
Basement YN: Yes
Has Basement
Exterior
Pool Information
Pool Features: None
Lot Information
Lot Features: City Lot
Lot Size Dimensions: see legal
Land Information
Water Source: Public
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Year Built: 1964
Appliances: Electric Water Heater
Building Information
Construction Materials: Brick
Financial
Tax Information
Tax Annual Amount: $3,151
Utilities
Utility Information
Sewer: Public Sewer
Water Heater: Electric
Heating & Cooling
Cooling: Heat Pump
Heating: Heat Pump, Electric
Heating Fuel: Electric
Location
HOA Information
Association: Winston-Salem
Association YN: No
School / Neighborhood
Elementary School: Elkin
Middle Or Junior School: Elkin
High School: Elkin
Location Details
Directions: Elk Spur Street to West Main Street, take left on West Main property on left just before Texas Street
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,808
Stories: 2.0
Lot Size: 1 acres
Style: Other
Year Built: 1964
Year Renovated: 2011
County: Surry County
APN: 495113030736
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Elkin Elementary School
Public PreK-6 • Assigned • 0.6mi
8/10
Elkin Middle School
Public 7-8 • Assigned • 0.3mi
6/10
Elkin High School
Public 9-12 • Assigned • 0.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Elkin, NC • 28621
Average low and high temperatures (°F)
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79
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48
62
40
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31
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$608,000 – $736,000
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