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Brick Duplex with Laundry
New
For Sale
$225,000

118 & 120 S Poplar Street, Winston-Salem, NC 27101

Residential Income, Winston-Salem, NC

Property SizeContact for details
Lot Size0.15 Acres
Days on Market1

Property Features for 118 & 120 S Poplar Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning LI
Subdivision Holly Avenue Historic District
Elementary school Call School Board
Middle school Call School Board
High school Call School Board
Directions From Downtown Winston Salem, Take First Street West, Left on Poplar, Property on Right
Standard status Active
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1288

Amenities

laundry

Building Details

Year built 1938
Number of units 2
Listing Agency: Leonard Ryden Burr Real Estate
Listed By: Donald Carroll
Added: Sep 3 Last Checked: Sep 3 at 4:06PM
MLS# 1234020

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.

Investment Insights

Based on property information with market context.

Built in 1938, this brick duplex at 118 & 120 S. Poplar Street contains two separate residential units. Each unit is configured with one bedroom, one bathroom, and laundry facilities. The property is offered in its existing AS-IS condition and is identified with LI zoning.

The duplex is located in the Holly Ave. Historic District near downtown Winston-Salem and Atrium Health Wake Forest Baptist Medical Center. The 0.15-acre property includes a long-term occupant in unit 118; access to that unit requires 24 hours’ notice to respect tenant privacy.

Key Highlights

  • Two‑unit brick duplex constructed in 1938
  • Each unit includes 1 bed, 1 bath, and laundry
  • 0.15‑acre property in the Holly Ave. Historic District

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,768
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer one-bedroom layouts, private baths, and in-unit laundry facilities.
Where is this duplex located?
The property is located at 118 & 120 S Poplar Street Winston-Salem, NC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit brick duplex constructed in 1938; Each unit includes 1 bed, 1 bath, and laundry; 0.15‑acre property in the Holly Ave. Historic District
More about this property
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