Opportunity knocks in Winston-Salem! This home offers solid potential for an investor or first-time buyer ready to add some sweat equity. Being sold AS-IS, it needs some work but comes with a strong rental history—making it a great option for those looking to build value or expand a portfolio. The layout provides a good flow between the living area and kitchen with breakfast area. 3 bedrooms offer flexibility for a variety of needs. Outside, there’s room for a garden or to create your own outdoor space over time. Conveniently located near shopping and major highways, this property combines location with upside. Whether you’re looking for your next project or a place to make your own, with just a little work this house will be ready to call home
Single-familyProperty Type
1965Year Built
0.57 acresLot Size
$185Price/Sq.Ft.
1 car garageParking
Listed by John McPherson• Coldwell Banker Advantage
Est. $1,392 per month, based on comparable rentals
Sale and tax history for 502 Osborne Rd
Sale History
Tax History
Date
Event
Price
Triad MLS #1215874
May 15, 2026
Sold
$185,000
$185/sq ft
May 5, 2026
Pending
—
Apr 19, 2026
Contingent
—
Apr 17, 2026
Listed
$185,000
$185/sq ft
RENT. #1
Mar 31, 2022
Price Changed
$1,395
$1/sq ft
Public Records
May 4, 2021
Sold
$143,000
$143/sq ft
Triad MLS #1017680
May 4, 2021
Sold
$143,135
$143/sq ft
Apr 17, 2021
Pending
—
Mar 26, 2021
Contingent
—
Mar 25, 2021
Listed
$139,000
$139/sq ft
+15
Cute 3 Bedroom 1 Full Bath brick home minutes from shopping, restaurants, highways, and hospitals! Features new carpet in living room and all bedrooms, fresh paint, new blinds throughout, and Kitchen w/dining area and garage access. Backyard w/freshly painted deck. 1 car attached garage. Perfect home for first time home buyer. Don't miss out! Agents are owners Received. Multiple offers received. Please submit best and final offers in writing no later than 9pm on 3/26/21 Thanks!
Public Records
Nov 13, 2017
Sold
$70,000
$70/sq ft
Public Records
Sep 27, 1985
Sold
$10,500
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,951 (+20.8%)
$45,000 + $132,000
$177,000
2024
$1,615 (+6.8%)
$34,500 + $80,600
$115,100
2022
$1,512 (+2.0%)
$34,500 + $80,600
$115,100
2021
$1,482 (+29.8%)
$34,500 + $80,600
$115,100
2020
$1,142 (−0.7%)
$25,000 + $57,700
$82,700
2019
$1,150 (+5.3%)
$25,000 + $57,700
$82,700
2018
$1,092
$25,000 + $57,700
$82,700
2017
$1,092 (+10.9%)
$25,000 + $57,700
$82,700
2016
$985 (+1.5%)
$25,000 + $57,700
$82,700
2015
$970 (+3.1%)
$18,750 + $56,103
$74,853
2014
$941
$18,750 + $56,103
$74,853
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.57 Acres
Year renovated
1996
Sq. Ft.
1,000
Year built
1965
Style
Single Family Residential
County
Forsyth County
APN
6803399721
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
RS9
Residential Single Family District
The RS-9 District is primarily intended to accommodate relatively high density single family detached dwellings in urban areas.; This district is intended for application in GMAs 2 and 3 and may be suitable in Metro Activity Centers where public facilities, including public water and sewer, public roads, parks, and other governmental support services, are available.
Permitted uses
Include but are not limited to:
Livestock production
Religious facility
Housing-Group
Housing-Single unit
Fire house
Police station
Recreation
Agriculture-Cropland
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 1
Garage Description: Attached Garage
Parking Features: Driveway, Garage, Attached
Interior
Bathroom Information
# of Bathrooms (Full): 1
# of Bathrooms (1/2): 0
Basement Information
Basement YN: No
Basement: Crawl Space
Room Information
# of Rooms: 6
Room 1
Type: Breakfast
Level: Main
Dimensions: 7ft 0in x 10ft 6in
Room 2
Type: Living Room
Level: Main
Dimensions: 13ft 4in x 15ft 10in
Room 3
Level: Main
Dimensions: 9ft 7in x 11ft 0in
Room 4
Type: Kitchen
Level: Main
Dimensions: 10ft 0in x 10ft 6in
Room 5
Level: Main
Dimensions: 10ft 7in x 12ft 10in
Room 6
Level: Main
Dimensions: 10ft 0in x 10ft 0in
Interior Features
Has Primary On Main
Attic Description: Access Only
Flooring: Carpet, Vinyl
Interior Features: Dead Bolt(s)
Exterior
Exterior Features
Exterior Features: Garden
Fencing: None
Pool Information
Pool Features: None
Guest House Information
No
Lot Information
Lot Features: City Lot
Lot Size Acres: 0.57
Land Information
Water Source: Public
Property Information
Property Type: Residential
Property Sub Type: Stick/Site Built
Structure Type: House
Built Information: Existing
Year Built: 1965
# of Fireplaces: 0
Appliances: Microwave, Free-Standing Range, Electric Water Heater
Laundry Features: Main Level
Road Responsibility: Public Maintained Road
Building Information
Building Area Total: 1,000
Levels: One
Construction Materials: Brick
Financial
Tax Information
Tax Annual Amount: $1,951
Utilities
Utility Information
Sewer: Public Sewer
Water Heater: Electric
Heating & Cooling
Cooling: Central Air
Heating: Forced Air, Natural Gas
Heating Fuel: Natural Gas
Location
HOA Information
Association: Winston-Salem
Association YN: No
School / Neighborhood
Additional School Info Zone: Call School Board
Location Details
Directions: 421 to Jonestown exit. Head towards Hwy 158 (Stratford Road). Turn left on Sommerset then right on Osbourne. Home is on left 502 Osbourne
Community Information
Subdivision Name: Somerset
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,000
Stories: 1.0
Lot Size: 0.57 acres
Style: Single Family Residential
Year Built: 1965
Year Renovated: 1996
County: Forsyth County
APN: 6803399721
Home facts updated by county records on Aug 17, 2026
Around this home
Schools
Ward Elementary
Public PreK-5 • Assigned • 1.7mi
4/10
Clemmons Middle
Public 6-8 • Assigned • 1.6mi
5/10
West Forsyth High
Public 9-12 • Assigned • 2.8mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
4/10 Wind Factor
8% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Winston Salem, NC • 27103
Average low and high temperatures (°F)
46
28
54
34
69
44
76
53
77
56
88
67
90
72
81
67
80
61
71
51
64
43
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$199,000 – $241,000
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