Prime investment opportunity in the historic Holly Avenue District of Downtown Winston-Salem! This charming 1923 bungalow offers 3 bedrooms, 2 full baths, and 2 half baths. The main level features a primary suite with freestanding tub and separate shower. Upstairs includes a private-entry apartment-style space with kitchen, combo 1/2 bath, and laundry—perfect for rental income, Airbnb, or guest suite. The main kitchen features granite countertops, gas range with Stainless Steel hood, subway tile backsplash, and tile flooring. Additional highlights include a gas log fireplace, French doors to the dining room, spacious front porch, private fenced yard, gravel driveway, and on-street parking. RSQ zoning provides flexible use options. Walkable to downtown events, public transportation, restaurants, and shops. With strong rental potential and historic appeal, this property is ideal for investors or buyers seeking income-producing opportunities!
For sale
Price cut: $10K (5/7)
$440,000
523 W 1st St, Winston Salem, NC 27101
3beds
2,200sqft
Est.:
Stick/Site Built, Residential, Single Family Residence
Built in 1923
0.08 Acres Lot
$429,100 Zestimate®
$--/sqft
$-- HOA
What's special
Gas log fireplacePrivate fenced yardSpacious front porchGranite countertopsSubway tile backsplashTile flooring
- 67 days
- on Zillow |
- 1,086 |
- 46 |
Zillow last checked: 7 hours ago
Listing updated: May 07, 2025 at 07:12am
Listed by:
Greta Frye Wiley 336-283-2234,
Keller Williams Realty Elite
Source: Triad MLS,MLS#: 1177167
Originating MLS: Winston-Salem

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 2
Primary bedroom
- Level: Main
- Dimensions: 12.75 x 13
Bedroom 2
- Level: Second
- Dimensions: 13.83 x 11.42
Bedroom 3
- Level: Second
- Dimensions: 11.42 x 13.25
Breakfast
- Level: Main
- Dimensions: 11 x 6
Dining room
- Level: Main
- Dimensions: 13.42 x 13.42
Kitchen
- Level: Main
- Dimensions: 10 x 15
Kitchen
- Level: Second
- Dimensions: 11.75 x 15.75
Laundry
- Level: Main
- Dimensions: 5.42 x 8.25
Laundry
- Level: Second
- Dimensions: 5.42 x 7.25
Living room
- Level: Main
- Dimensions: 19.25 x 13.42
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Range Hood, Gas Water Heater
- Laundry: 2nd Dryer Connection, 2nd Washer Connection, Dryer Connection, Laundry Room, Main Level, Washer Hookup
Features
- Guest Quarters, Built-in Features, Ceiling Fan(s), Freestanding Tub, In-Law Floorplan, Separate Shower, Solid Surface Counter
- Flooring: Tile, Wood
- Doors: Storm Door(s)
- Windows: Storm Window(s)
- Basement: Unfinished, Basement, Crawl Space
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 2,490
- Total interior livable area: 2,200 sqft
- Finished area above ground: 2,200
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Porch
- Pool features: None
- Fencing: Fenced,Privacy
Lot
- Size: 0.08 Acres
- Features: City Lot, Historic District, Near Public Transit, Not in Flood Zone
Details
- Parcel number: 6835058582
- Zoning: RSQ
- Special conditions: Pre-foreclosure
- Other equipment: Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Stick/Site Built, Residential, Single Family Residence
Materials
- Asbestos, Wood Siding
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Winston Salem
Financial & listing details
- Tax assessed value: $421,700
- Annual tax amount: $3,438
- Date on market: 4/17/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Loading
- Loading