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Four-Unit Residential Property

308 E Sprague Street, Winston-Salem, NC 27127

For Sale
New
$275,000

Residential Income, Winston-Salem, NC

Property SizeContact for details
Lot Size0.17 Acres
Days on Market3

Property Features for 308 E Sprague Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning RS-7
Rooms Basement
Directions Main St to Sprague St. Property will be on the right.
Standard status Active
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1502

Building Details

Year built 1934
Number of units 4
Listing Agency: Tinnin Realty Group
Listed By: LeAnn Tinnin
Added: Nov 11 Last Checked: Nov 13 at 11:06PM
MLS# 1241529

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.

Rey
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Investment Insights

Based on property information with market context.

This four-unit residential property contains four one-bedroom units, each with hardwood floors and built-in shelving. Fireplaces are present in two units, and those residences also include bonus space that can serve as an office, flex area, or additional sleeping area. The property was built in 1934 and has a basement.

Located at 308 E Sprague Street in Winston-Salem, the property occupies a 0.17-acre parcel and is zoned RS-7.

Key Highlights

  • Four one‑bedroom residential units
  • Hardwood floors and built‑in shelving in each unit
  • Two units feature fireplaces and additional bonus space

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

426
Businesses Nearby

Demographics for 27127, NC

39,809
Population
18,126
Households
2.2
Avg Household Size
37
Median Age
31%
College-Educated
89%
High-School Grad
29.4 sq mi
ZIP Area
1,354
Density / Sq Mi
$63,822
Median Household Income
$36,768
Median Earnings
$1,088
Median Rent
$189,900
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

Frequently Asked Questions

What type of property is this?
Quadplex - RS-7 zoning and a 0.17-acre parcel define this Winston-Salem multifamily offering.
Where is this quadplex located?
The property is located at 308 E Sprague Street Winston-Salem, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four one‑bedroom residential units; Hardwood floors and built‑in shelving in each unit; Two units feature fireplaces and additional bonus space
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