INNOVATE Real Estate
Stick/Site Built at 819 W Sprague Street, Winston-Salem NC 27127, Winston-Salem
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21 photos

$144,000

819 W Sprague Street, Winston-Salem NC 27127
Winston-Salem, NC 27127
Listed by Shaunna Overman
Bedrooms
2
Bathrooms
1
Living area
980 sqft
Year built
1920

About this home

**Investment Opportunity – Tenant Occupied!** Owner Financing Option Available. Turnkey investment opportunity in Winston-Salem with an established long-term tenant already in place and no cap-ex needed. New water heater 2025, Roof and Windows replaced 2022, new flooring and freshly painted in 2026, insulation added 2026. This property is tenant occupied, offering immediate rental income from day one and eliminating the hassle of finding a new tenant. Conveniently located with easy access to shopping, dining, downtown Winston-Salem, and major highways, this home is an excellent addition to an investment portfolio. Whether you're looking to expand your rental holdings or purchase your first investment property, this is an opportunity worth considering. **Please do not disturb the tenant or approach this property without an appointment.** See agent only for further updates and specifics.

Property details

MLS #
1230116
Property type
Stick/Site Built
Subdivision
None
Status
Active
Days on market
60
On market date
August 6, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.16 acres

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
Diggs-Latham Elementary
0.76 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
452
Student:teacher ratio
11.9:1
District
Winston Salem / Forsyth County Schools
Middle
Philo-Hill Magnet Academy
1 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
377
Student:teacher ratio
11.8:1
District
Winston Salem / Forsyth County Schools
High
Early College of Forsyth Co
1.23 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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

41
Somewhat walkable
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable

Market position

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

On the market 60 days -- 21 fewer 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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,017/mo
$28,800 down
$115,200 loan
Principal & interest$747
Property tax (est.)$120
Home insurance (est.)$150

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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated 15 days ago.

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.