$650,000 $3,489 est/mo Sourced by Back At You

1242 W Academy Street,Winston Salem, NC 28214

Winston Salem NC, 28214

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Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features: -Prime location near downtown and stadium. -Fully rented triplex with room for rent growth. -Potential to develop 14 new apartments. -Month-to-month tenants. Please do not disturb tenants. Contact us for more information. Note: Listing agent has ownership interest in the property.


Listing TypeFor Sale
StyleTown House
Days On Site62
Listing Provided ByDalton Wade, Inc. | Jay Powell
Buying Commision2%


SQ Feet2,668

Market Activity 28214

 Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of July 20, 2024 at 5:52:24 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 19 minutes ago
CityWinston Salem
Zip Code28214
School DistrictUnspecified
Elementary SchoolUnspecified
Middle SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in 28214)
low | high
94.630769230769% of Average
low | high
80.884557721139% of Average
$ / SqFt:
low | high
69.888770231937% of Average
On Site:
low | high
100% of Average
Sourced by Back At You
Listing Updated: June 26, 2024 at 12:38:12 AM PDT