$365,000
SOLD MAY 14, 2025
-- Bed
-- Bath
1,434 Sq Ft
0.28 Acres

Recently Sold

$255 Per Sq Ft

4% Above List Price

5 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System

About This Home

As of May 2025

Excellent investment in downtown Winston Salem. 3 1 bedroom units in a 1920’s bungalow. Consistently rented with next to no vacancies for 10 plus years.Most tenants have been 3 years or more so you know they love living here! Easy walk to downtown area. Roof and all three furnaces were update 2013-2014. Gross rent is $2600 per month. 2 main level units have hardwood floors, updated kitchens and their own laundry rooms. Unit 1 has large private deck. Large back yard could be great for gardens. Great starter investment, or would make a great owner occupied property as well. Located in the Historic West End neighborhood so any exterior changes would need HRC approval. Agent is related to the seller. Unit 1: $1000/Unit 2: $1000/ Unit 3: $600***Showings on Wednesdays and Thursdays 3:30-6:30…must have an appointment.Tax amount based on 2025 tax value & 2024 tax rate. 2025 tax rate will be set mid-summer.

Last Agent to Sell the Property

Toni Phillips

Leonard Ryden Burr Real Estate License #252968 Listed on: 03/24/2025

Co-Listed By

Kristin Ranson

Leonard Ryden Burr Real Estate License #237363

Last Buyer's Agent

Susan Carter

Berkshire Hathaway HomeServices Carolinas Realty License #87271

Berkshire Hathaway HomeServices Carolinas Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,352

Year Built

  • Built in 1920

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Parking

  • 1 Parking Space
  • No Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • 0.28 Acre Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 6825989518
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 1,915 Sq Ft Building
  • West End Subdivision

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,352

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Co List Office Mls Id: WLRB01
  • Co List Office Phone: 336-779-9200
  • Subdivision Name: West End
  • Directions: 4th St toward downtown, take a left on Spring St and a Right on West End Blvd. Tri-plex will be on the left.
  • Year Built: 1920
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Historic
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Basement YN: Yes
  • Basement YN: Yes
  • TRIADMLS_Storage: Basement Bins

Exterior Features

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

Garage/Parking

  • Parking Features: Driveway, On Street, No Garage
  • Total Parking Spaces: 1
  • Garage Description: None

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6825989518
  • Zoning: RSQ HO
  • TRIADMLS_PricePerAcre: 1303571.4286
  • TRIADMLS_DeedPage: 2563
  • TRIADMLS_DeedBook: 3207

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3

Tax Info

  • Tax Annual Amount: 4352
  • Tax Year: 2025
  • TRIADMLS_TaxRate: 1.4028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
May 14, 2025
Sold by
Payne Frankie Clayton and Payne Nancy J
Bought by
Quinn Patrick M and Quinn Kathryn A
Seller's Agent
Toni Phillips
Leonard Ryden Burr Real Estate
Buyer's Agent
Susan Carter
Berkshire Hathaway HomeServices Carolinas Realty
List Price
$350,000
Sold Price
$365,000
Premium/Discount to List
$15,000
4.29%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-38.33%
Original Mortgage
$273,750
Outstanding Balance
$273,750
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$62,454

Purchase Details

Closed on
Nov 18, 2014
Sold by
Flowers Property Managment Llc
Bought by
Payne Frankie Clayton and Payne Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,652
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2010
Sold by
Yokley D Blake and Estate Of Lizzie Wilson Mcdowe
Bought by
Flowers Property Management Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $365,000 None Listed On Document
Warranty Deed $365,000 None Listed On Document
Warranty Deed $133,000 None Available
Executors Deed $72,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $273,750 New Conventional
Closed $273,750 New Conventional
Previous Owner $99,652 New Conventional
Previous Owner $56,503 Unknown
Previous Owner $20,000 Stand Alone Second
Previous Owner $35,000 Unknown
Previous Owner $80,000 Credit Line Revolving
Previous Owner $28,691 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Sold $365,000 +4.3% $255 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $350,000 -- $244 / Sq Ft
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,138 $159,700 $50,000 $109,700
2022 $2,098 $159,700 $50,000 $109,700
2021 $2,060 $159,700 $50,000 $109,700
2020 $1,841 $133,300 $38,500 $94,800
2019 $1,854 $133,300 $38,500 $94,800
2018 $1,761 $133,300 $38,500 $94,800
2016 $1,366 $103,827 $36,500 $67,327
2015 $1,345 $0 $0 $0
2014 $1,041 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1174643

Triad MLS

APN: 6825-98-9518