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    1401 E 5Th St, Unit 186B Winston Salem, NC 27101

    For Sale
    $1,300,000

    Fully occupied 10-unit multifamily property in East Winston.

    Property Features for 1401 E 5Th St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1972

    Source: NORTHGROUP REAL ESTATE LLC Agent APRIL PULLINS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Winston Fully Occupied Multifamily

    This income-producing property is located in the growing East Winston area and features two buildings with a total of 10 fully occupied units. The unit mix includes 4 townhomes and 6 apartments. The townhome units, located at 1401 E Fifth, are all 2-bedroom, 1.5-bathroom units with private entrances. The apartment building, located at 1415 E Fifth, includes six spacious 2-bedroom, 1-bathroom units. Recent updates include laminate flooring, paint, and some updated fixtures. Parking is partially paved, with the remainder in grass. According to the property manager, no major plumbing or electrical issues have been reported. The roof is over 10 years old and may need replacement soon. This property presents a chance to own a stable, income-generating property with upside potential in a revitalizing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2284574
    Latitude
    36.1006509

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 10-unit multifamily property in East Winston.
    Where is this apartment building located?
    The property is located at 1401 E 5Th St, Unit 186B Winston Salem, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Fully occupied 10-unit package ensures immediate income stream.; - Located in the growing East Winston area, offering potential for future appreciation.; - Mix of townhomes and apartments (4 townhomes and 6 apartments) provides tenant diversity.
    (704) 412-2804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 E 5Th St, Unit 186B Winston Salem, NC 27101
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