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Historic Four-Unit Quadplex
For Sale
$205,000
Pending

1409 W 4th St, Winston Salem, NC 27101

The unit mix includes three one-bedroom apartments and one two-bedroom apartment.

Property SizeContact for details
Days on Market15

Property Features for 1409 W 4th St

General Information

Standard status Pending
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence Exterior side stairs and back deck/stairs are not safe—do not walk on them

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 3 x 1BR, 1 x 2BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,939

Amenities

common laundry

Building Details

Buildings 1
Listing Agency: Fader Real Estate at ERA Live Moore
Listed By: Carla Hoots
Source: Exprealty
Added: Oct 1 Changed: Oct 13 Last Checked: Oct 15 at 1:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fader Real Estate at ERA Live Moore

Investment Insights

Based on property information with market context.

This turn-of-the-century residence was converted into a four-unit property in the 1980s. The apartments retain hardwood flooring, tiled fireplaces and high ceilings. A shared laundry area occupies the unfinished basement, and a former two-car garage now serves as a rear shed. The property is offered as-is; exterior side stairs and the rear deck and stairs are unsafe and should not be used.

The lot connects to Peters Creek Parkway, with Truist Stadium nearby. Each apartment has a separate electrical meter. Gas and water costs can be allocated by square footage. An adjoining vacant lot at 1280 Apple Street is also available, and the sellers prefer a combined sale.

Key Highlights

  • Four apartments: three one‑bedroom units and one two‑bedroom unit
  • Converted to a four‑unit property in the 1980s
  • Hardwood floors, tiled fireplaces and high ceilings

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Restaurant Fish Market

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

4
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,611
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - The unit mix includes three one-bedroom apartments and one two-bedroom apartment.
Where is this quadplex located?
The property is located at 1409 W 4th St Winston Salem, NC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Four apartments: three one‑bedroom units and one two‑bedroom unit; Converted to a four‑unit property in the 1980s; Hardwood floors, tiled fireplaces and high ceilings
More about this property
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