JUST REDUCED!! Prime Investment Opportunity near Wake Forest University! Discover this incredible investment property in the heart of Winston Salem, offering versatility, charm, and strong income potential. The main home features 3 bedrooms and 2 bathrooms, with beautiful hardwood, vinyl and tile floors throughout, adding both durability and style. The spacious screened porch provides the perfect spot to unwind and enjoy the outdoors year-round. Adding even more value, the detached garage has been converted into a 1.5-story apartment complete with 1 bedroom and 1 bathroom, making it an ideal space for rental income, a guest suite, or a private home office. Located in a sought-after area close to shopping, dining, and major highways, this property offers endless possibilities for investors or homeowners looking for additional rental income. Don’t miss out on this fantastic opportunity—schedule a showing today! Sold As-Is
Single-familyProperty Type
1947Year Built
0.37 acresLot Size
$174Est. Price/Sq.Ft.
Listed by Anita McKnight• Coldwell Banker Advantage
Listed by Tammy Watson• Coldwell Banker Advantage
Bought with Chase Troxell• Leonard Ryden Burr Real Estate
Attn investors! Rental house in Wake Forest area with positive area with positive cash flow potential. Leased through May 2018. Hardwood floors & stainless steel appliances. Updates include gas furnace, replacement windows. 3BR and 2BA in the main house. Detached garage converted to a 1.5 story apartment with 1 BR and 1 BA adding approx 1000 addl sq ft NOT included in sq ft. Apartment has window AC and baseboard heat. 24 HR NOTICE FOR SHOWINGS.
Public Records
May 23, 2011
Sold
$120,000
$78/sq ft
Public Records
Feb 1, 2001
Sold
$100,000
$65/sq ft
Public Records
Jun 9, 1987
Sold
$61,500
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,697 (+42.5%)
$35,000 + $209,700
$244,700
2024
$1,892 (+6.8%)
$26,000 + $108,900
$134,900
2022
$1,772 (+1.8%)
$26,000 + $108,900
$134,900
2021
$1,740 (+0.9%)
$26,000 + $108,900
$134,900
2020
$1,725 (−0.7%)
$22,000 + $102,900
$124,900
2019
$1,737 (+15.6%)
$22,000 + $102,900
$124,900
2018
$1,503
$22,000 + $91,800
$113,800
2017
$1,503 (−1.0%)
$22,000 + $91,800
$113,800
2016
$1,518 (+1.5%)
$22,000 + $91,800
$113,800
2015
$1,495 (+3.1%)
$22,000 + $93,366
$115,366
2014
$1,450
$22,000 + $93,366
$115,366
Tax history for 825 Polo Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,697 (+42.5%)
$35,000 + $209,700
$244,700
2024
$1,892 (+6.8%)
$26,000 + $108,900
$134,900
2022
$1,772 (+1.8%)
$26,000 + $108,900
$134,900
2021
$1,740 (+0.9%)
$26,000 + $108,900
$134,900
2020
$1,725 (−0.7%)
$22,000 + $102,900
$124,900
2019
$1,737 (+15.6%)
$22,000 + $102,900
$124,900
2018
$1,503
$22,000 + $91,800
$113,800
2017
$1,503 (−1.0%)
$22,000 + $91,800
$113,800
2016
$1,518 (+1.5%)
$22,000 + $91,800
$113,800
2015
$1,495 (+3.1%)
$22,000 + $93,366
$115,366
2014
$1,450
$22,000 + $93,366
$115,366
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
2002
Sq. Ft.
1,548
Year built
1947
Style
Single Family Residential
County
Forsyth County
APN
6827423356
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 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
Parking Features: Driveway
Interior
Bathroom Information
# of Bathrooms (Full): 2
# of Bathrooms (1/2): 0
Basement Information
Basement YN: Yes
Has Basement
Basement: Unfinished, Basement, Crawl Space
Basement Area: 300
Room Information
# of Rooms: 7
Interior Features
Flooring: Tile, Vinyl, Wood
Interior Features: Guest Quarters, Ceiling Fan(s), Dead Bolt(s)
Exterior
Exterior Features
Fencing: None
Pool Information
Pool Features: None
Guest House Information
Has Second Living Quarters
Attached: No
# of Rooms: 3
# of Baths (Full): 1
Lot Information
Lot Features: Level
Lot Size Acres: 0.37
Miscellaneous: Guest Quarters
Land Information
Land Description: Flat
Water Source: Public
Property Information
Property Type: Residential
Property Sub Type: Stick/Site Built
Structure Type: House
Built Information: Existing
Year Built: 1947
# of Fireplaces: 1
Fireplace Features: Living Room
Appliances: Dishwasher, Free-Standing Range, Electric Water Heater
Laundry Features: Dryer Connection, In Basement, Washer Hookup
Security Features: Smoke Detector(s)
Building Information
Building Area Total: 1,848
Levels: One and One Half
Construction Materials: Vinyl Siding
Financial
Tax Information
Tax Annual Amount: $1,892
Utilities
Utility Information
Sewer: Public Sewer
Water Heater: Electric
Heating & Cooling
Cooling: Central Air
Heating: Forced Air, Electric, Natural Gas
Heating Fuel: Electric, Natural Gas
Location
HOA Information
Association: Winston-Salem
Association YN: No
Location Details
Directions: Silas Creek North to Reynolda Rd, Right on Polo Rd, pass Wake Forest University., House on Left
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,548
Stories: 1.0
Lot Size: 0.37 acres
Style: Single Family Residential
Year Built: 1947
Year Renovated: 2002
County: Forsyth County
APN: 6827423356
Home facts updated by county records on Oct 23, 2026
Around this home
Schools
Speas Elementary
Public PreK-5 • Assigned • 1.5mi
5/10
Paisley Middle School
Public 6-10 • Assigned • 2.0mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 101° expected this year, 17 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 • 27106
Average low and high temperatures (°F)
46
27
53
34
68
44
75
53
76
57
87
67
89
72
80
66
80
60
71
51
63
43
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$256,000 – $310,000
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