$97,500 Property in Wilson, North Carolina, Featuring 3 Bedrooms and a Separate Studio ADU
Located at 1401 Gold Street N, Wilson, NC 27893, this property presents an exciting opportunity for investors, renovators, and homebuyers looking to transform a property into something special. Listed at $97,500, the residence offers three bedrooms, two full bathrooms, and approximately 2,006 square feet of interior living space. Built in 1930, the single-family home sits on a 0.25-acre corner lot and provides plenty of potential for buyers willing to invest time, creativity, and effort into its renovation. One of the property’s most appealing features is a separate accessory dwelling unit (ADU) at the rear, complete with a studio-style layout, kitchenette, and attached garage.
This additional structure opens the door to a range of possibilities, from guest accommodation to a private workspace or potential rental use, subject to local regulations and the property’s condition. For buyers who enjoy bringing older homes back to life, this Wilson property offers a chance to create a personalized living space while retaining the character of a home built nearly a century ago. The residence requires a buyer with vision, making it worth considering for investors and individuals who understand the possibilities that can come with renovation projects.
The home features a traditional single-story layout, which can offer practical advantages for everyday living. With three bedrooms and two full bathrooms, the existing floor plan provides a foundation for a comfortable family residence once the necessary improvements have been completed. Buyers can assess the property’s current condition and determine which updates would best suit their plans, whether that involves refreshing interior finishes, modernizing selected rooms, or undertaking a more extensive renovation. The home’s vinyl siding and wood-frame construction give it a traditional residential appearance, while the shingle roof and crawl-space foundation are characteristic features of many established properties.
Prospective buyers should arrange an appropriate inspection to evaluate the roof, foundation, plumbing, electrical systems, and other major components before finalizing a purchase. Offering approximately 2,006 square feet of interior living space, the main house provides considerable room for a variety of household needs. Its listed rooms include a master bedroom, two additional bedrooms, a living room, a dining room, and a laundry area.
The living room offers an opportunity to create a welcoming central gathering space for relaxing, entertaining guests, or spending time with family. With the right improvements, this area could become a comfortable centerpiece of the home, incorporating updated flooring, fresh paint, modern lighting, and furniture suited to the property’s layout. The separate dining room provides space for everyday meals and larger gatherings.
Buyers could preserve its traditional function or explore alternative uses, depending on the home’s configuration and their lifestyle. For those who work remotely or need flexible living arrangements, the existing room layout may offer opportunities to designate areas for studying, working, or pursuing hobbies. The laundry area adds practical convenience to the property’s layout. Meanwhile, the three-bedroom arrangement allows flexibility for a family, visiting guests, or a combination of sleeping and working spaces. The two full bathrooms provide additional functionality, and the listed features include a walk-in shower and ceiling fans.
Although the property is being marketed as a renovation opportunity, its generous interior size offers an appealing starting point for buyers who want to shape a home around their own preferences rather than settle for a finished design that may not meet their needs. One of the standout features of this property is the separate accessory dwelling unit located behind the main residence. The ADU has a studio-style layout and includes a kitchenette, offering a distinct space apart from the primary house.
It also features an attached garage, adding practical functionality to the secondary structure. An accessory dwelling unit can be useful in several ways, depending on its condition, permitted use, and applicable local requirements. It could potentially serve as accommodation for extended family, a private guest suite, or a dedicated space for work and creative projects. Buyers interested in generating additional income may also wish to investigate whether the unit can legally be rented as a separate residence.
For investors, the presence of a secondary structure creates an opportunity to explore the property’s overall potential beyond the main house. However, the ADU’s condition, utility connections, permitted occupancy, and compliance with local building and zoning requirements should be verified before relying on any proposed use or rental income. The combination of a three-bedroom primary residence and a separate studio-style unit makes this property particularly interesting for buyers seeking flexible space or considering a multi-use investment. The property occupies a 0.25-acre corner lot with listed dimensions of approximately 59, 24, 158, 62, and 177 feet along its boundaries. The corner location gives the property a distinct position within the neighborhood, while the outdoor area provides room to consider landscaping, gardening, or creating a more inviting exterior environment.
A deck offers an outdoor space for relaxing, enjoying fresh air, or spending time with friends and family. The property also includes wood fencing, which can help define the outdoor area and provide separation from neighboring spaces. Parking is another practical consideration. The listing identifies two parking spaces and includes detached and gravel parking, off-street parking, and garage-related features. The separate ADU also has an attached garage. Buyers should confirm the exact garage configuration and the number of usable parking spaces during a property visit. These features provide a useful foundation for improving the property’s exterior appeal. Depending on the existing condition, future improvements might include tidying the landscaping, repairing or refreshing the deck, improving outdoor access, and updating the exterior finishes.
The home is equipped with electric heating through a heat pump system, and central air conditioning and heat pump cooling are listed among its features. These systems can provide year-round temperature control, although their current operating condition and maintenance history should be evaluated during the inspection process. The property was built in 1930 and is not new construction. As with many older homes, buyers should carefully review the condition of the major systems and determine whether any repairs or upgrades will be needed. Establishing a realistic renovation budget is especially important for buyers planning to modernize the interior or prepare the property for future occupancy. The listing identifies the property as a single-family residence with RA zoning. Buyers considering rental use, changes to the existing structures, or other redevelopment plans should verify the applicable zoning rules and obtain confirmation of any necessary permits before proceeding.
The property’s location adds to its potential appeal. According to the listing, it is approximately six minutes from downtown Wilson and less than five minutes from Barton College. This provides convenient access to local shops, dining options, campus amenities, and other services in the surrounding area. Downtown Wilson offers opportunities to explore local businesses and community destinations, while the proximity to Barton College may be worth considering for buyers interested in the area’s educational community.
For investors, the location may also justify researching local housing demand and rental requirements, particularly if the main residence and secondary unit can be used for their intended purposes. Prospective buyers should independently verify travel times, nearby amenities, and any local rental-market assumptions when evaluating the property as either a personal residence or an investment.
Listed at $97,500, 1401 Gold Street N offers a combination of renovation potential, substantial interior space, and a separate studio-style ADU. Its three-bedroom, two-bathroom layout provides a starting point for a future home, while the additional structure creates opportunities for flexible use, subject to its condition and legal status. This property may appeal to investors seeking a project, buyers interested in customizing an older residence, or purchasers looking for a property with more than one usable structure. The key will be understanding the scope of the work required and evaluating the costs involved before making a decision.
With its corner-lot location, deck, wood fencing, parking options, and convenient access to downtown Wilson and Barton College, this home offers several features worth exploring. For the right buyer, the property could become an opportunity to restore a traditional residence, create a more functional living environment, and make the most of the additional space at the rear. At $97,500, this Wilson property is ready for its next chapter. Buyers with a clear plan, a realistic renovation budget, and an appreciation for potential may find it a compelling opportunity to turn an older home into something uniquely their own.
From Zillow
