504 W Sprague St, Winston Salem, NC, 27127
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Stick/Site Built,Residential,Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Cooktop,Dishwasher,Free-Standing Range,Gas Water Heater
- Laundry features: 2nd Dryer Connection,2nd Washer Connection,Dryer Connection,In Basement,Main Level
Basement
- Has basement: Yes
- Basement: Finished, Basement
Bedroom2
- Level: Main
Bedroom3
- Level: Main
Bedroom4
- Level: Basement
Bedroom5
- Level: Basement
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Breakfast
- Level: Main
Dining Room
- Level: Main
Features
- Ceiling Fan(s),Dead Bolt(s),In-Law Floorplan,Pantry,Solid Surface Counter
- Flooring: Tile,Vinyl
- Finished area below ground: 591
- Finished area above ground: 1,673
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,264
- Total interior livable area: 2,264 sqft
Kitchen
- Level: Basement
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 6834163586
- Zoning: RS7
- Special condition: Owner Sale
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Porch
Lot
- Lot size: 0.25 Acres
- Features: City Lot,Not in Flood Zone
- Lot size dimensions: 148' x 63' x 145' x 85'
Parking
- Total spaces: 1
- Parking features: Carport,Driveway,Detached Carport
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Forsyth County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance * | $188 | $2,256 |
| Property Taxes | $408 | $4,896 |
| Electricity | $210 | $2,530 |
| Total | $3,081 | $36,972 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-09 | Price change | $450,000 |
| 2025-05-14 | Listed for sale | $459,000 |
| 2025-04-12 | Listing removed | $465,000 |
| 2024-11-25 | Listed for sale | $465,000 |
| 2024-10-15 | Pending sale | $465,000 |
| 2024-10-10 | Listed for sale | $465,000 |
| 2023-04-19 | Sold | $380,000 |
| 2023-03-01 | Pending sale | $383,000 |
| 2023-02-02 | Price change | $383,000 |
| 2023-01-02 | Listed for sale | $384,900 |
| 2022-12-25 | Listing removed | $384,900 |
| 2022-12-08 | Price change | $384,900 |
| 2022-10-31 | Listed for sale | $389,900 |
| 2021-12-09 | Sold | $185,000 |
| 2021-07-19 | Sold | $146,500 |
| 2021-06-20 | Listed for sale | $260,000 |
| 2021-02-17 | Listing removed | -- |
| 2020-09-07 | Pending sale | $249,000 |
| 2020-09-01 | Listed for sale | $249,000 |
| 2019-03-15 | Sold | $138,000 |
| 2014-09-08 | Listing removed | $119,000 |
| 2014-06-10 | Price change | $119,000 |
| 2014-06-06 | Price change | $11,900,000 |
| 2014-03-23 | Listed for sale | $123,900 |
| 2013-10-01 | Listing removed | $129,900 |
| 2013-03-26 | Listed for sale | $129,900 |
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