INNOVATE Real Estate
Stick/Site Built at 1 W 5th Street # 207, Winston-Salem NC 27101, Winston-Salem
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$399,900

1 W 5th Street # 207, Winston-Salem NC 27101
Winston-Salem, NC 27101
Listed by Lloyd Dillon, III
Bedrooms
2
Bathrooms
2
Living area
1,362 sqft
Year built
1925

About this home

Superb 2BR/2BA one-level residence near Bailey Park and the Innovation Quarter -- located in one of downtown's most charming buildings! Home to the Charles Department Store for decades, this iconic building was renovated into condominiums in 2003 and features a lobby with the original grand staircase leading up to a mezzanine-level common area; Inside, the open/airy interior offers all modern amenities combined with original exposed brick walls and high ceilings; Art gallery-style hallway leads to the great room -- containing the island-style kitchen, dining and living areas; Lovely primary suite with private bathroom and lots of closets; Second bedroom with skylight has direct access to the hall bathroom -- complete with tile shower; Large new windows (2025) overlook the Innovation Quarter and feature electric remote-control shades; Parking space within building's secure garage is included; Close to WFU, WSSU, UNCSA and Salem College and all that downtown Winston-Salem has to offer!

Property details

MLS #
1224190
Property type
Stick/Site Built
Subdivision
One West Fifth Street Condominiums”
Status
Active
Days on market
116
On market date
June 11, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Brunson Elementary
1.18 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
374
Student:teacher ratio
12.9:1
District
Winston Salem / Forsyth County Schools
Middle
Wiley Magnet Middle
1.19 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
773
Student:teacher ratio
16.4:1
District
Winston Salem / Forsyth County Schools
High
Early College of Forsyth Co
2.64 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
260
Student:teacher ratio
28.9:1
District
Winston Salem / Forsyth County Schools

Walkability

Blended score for Winston-Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

90
Highly walkable
out of 100
EPA National Walkability Index
16.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks20
Schools20
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Winston-Salem, from live MLS data.

On the market 116 days -- 35 more days than Winston-Salem's current average of 81 days.
For reference, the median list price across 51 active listings in Winston-Salem right now is $350,000.

Mortgage calculator

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Est. monthly payment
$2,558/mo
$79,980 down
$319,920 loan
Principal & interest$2,075
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated July 15, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.