504 W Sprague Street, Winston-Salem, NC 27127 | MLS #1181013 | Tyler Redhead & McAlister
 
Listing provided courtesy of The Andersson GroupMLS# 1181013MLS Provider
  • 411 days on site
  • 19 views

FULLY FURNISHED, cash flowing rental! Currently split into two operational Airbnb units, with the option for a third unit in back, this home offers flexibility for investors and homeowners alike. The main floor features a 3-bed, 2-bath unit with an open living area, modern kitchen, and comfortable bedrooms. Downstairs, the 2-bed, 1-bath basement unit has its own private entrance, ideal for extra income or guest accommodations. Combined, the units have grossed over $58K in the last 12 months using Airbnb, with over $8k alone this May, showcasing its strong income potential. The home also includes a shed/storage area that could be converted into a third studio unit, further maximizing rental income. It can also be rented on a mid-term basis through platforms like Furnished Finder, appealing to extended-stay renters or professionals. With minimal effort, the home could also be reconnected to serve as a 5-bed, 3-bath single-family home if need be. More details at agent's website.

Source: Triad MLS, MLS#: 1181013

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  • Property Type
    Residential
  • Lot
    0.25 acres

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Tyler Redhead & McAlister

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  • Median Age
    34
  • Population Density
    1,382
  • College Educated
    36%
  • Estimated Median Income
    $50,113
  • Estimated Total Home Owners
    9,586
  • Estimated Total Renters
    5,962
  • Owner / Renter Divide
    62% / 38%
  • Estimated Average Household Size
    3
  • Total Population
    41,398
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
9/9/2025Source: Triad MLS Price Reduction
$450,000 -2.0%
5/14/2025Source: Triad MLS Added to Database
May 14, 2025
12/8/2022Source: Triad MLS Price Reduction
$384,900 -1.3%
10/30/2022Source: Triad MLS Status Change
Active
10/25/2022Source: Triad MLS Added to Database
October 25, 2022