2-Unit Duplex with Shared
New
For Sale
$265,000
1013-1015 Broad Street, Winston-Salem, NC 27101
Residential Income, Winston-Salem, NC
Property Size1,369 SF
Lot Size0.13 Acres
Price / SF$193.57
Days on Market3
Property Features for 1013-1015 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LI
Directions
From Silas Creek Parkway E., turn left on Salisbury Ridge Rd., Turn left on Broad Street. Home on corner.
Standard status
Active
Size
1,369 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1024
Amenities
front porch
laundry area
Building Details
Year built
1915
Listing Agency:
RE/MAX Preferred Properties · RE/MAX International
(336) 723-6711
Listed By:
Peggy Teague · License #225899
(336) 978-1445
Added: Nov 2
Last Checked: Nov 4 at 1:06AM
MLS# 1240975
Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this 1,369-square-foot duplex contains two separate, self-contained residences that share a front porch. Each unit has a kitchen, living room, one bedroom, a full bathroom, and a laundry area. The property occupies 0.1341 acres and carries LI (Light Industrial) zoning. It is being sold as-is.
The property is 0.3 miles from Old Salem Gardens and Museum, 1.3 miles from NC School of Arts, and 2.1 miles from Atrium Health Wake Forest Baptist Medical Center. The roof is dated 2025, and the heat pumps are dated 2017 and 2021.
The property is 0.3 miles from Old Salem Gardens and Museum, 1.3 miles from NC School of Arts, and 2.1 miles from Atrium Health Wake Forest Baptist Medical Center. The roof is dated 2025, and the heat pumps are dated 2017 and 2021.
Key Highlights
- Two self‑contained units, each with one bedroom and a full bathroom
- 1,369 square feet on a 0.1341‑acre lot
- LI (Light Industrial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,104
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,080
$262.1K
Cap Rate 7%
$187,200
$187.2K
Cap Rate 9%
$145,600
$145.6K
Market Conditions
NOI Build-Up for 1,369 SF
Gross rent
$20.5K $15.00/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$18.7K $13.67/SF
− OpEx
−$5.6K −$4.10/SF
NOI
$13.1K $9.57/SF
Area
Winston-Salem, NC
Vacancy
8.84%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,080
Cap Rate 7%
$187,200
Cap Rate 9%
$145,600
Alternative Uses
Best Use
Multifamily LT 5
$187.2K
$163.8K – $218.4K
NOI $13,104 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,047 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$252.9K
$221.3K – $295.0K
NOI $17,702 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 27101, NC
21,654
Population
11,958
Households
1.8
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
1,732
Density / Sq Mi
$44,611
Median Household Income
$34,278
Median Earnings
$970
Median Rent
$201,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes its own kitchen, living room, bedroom, full bathroom, and laundry area.
Where is this duplex located?
The property is located at 1013-1015 Broad Street Winston-Salem, NC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two self‑contained units, each with one bedroom and a full bathroom; 1,369 square feet on a 0.1341‑acre lot; LI (Light Industrial) zoning
