$545,000
$599,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
2,727 SqFt
SOLD DATE : 08/05/2026
Key Details
Sold Price $545,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,727 sqft
Price per Sqft $199
Subdivision Not In A Subdivision
MLS Listing ID 10168019
Sold Date 08/05/26
Style Traditional
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1965
Annual Tax Amount $3,768
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Triplex
Source Doorify MLS
Land Area 2727
Property Description
Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!
Location
State NC
County Wake
Community Not In A Subdivision
Area 0.55
Zoning R-6
Interior
Heating Radiant Floor
Cooling Window Unit(s)
Flooring Hardwood, Tile
Fireplace No
Appliance Range, Microwave
Exterior
Roof Type Shingle
Garage No
Building
Story One
Water Public
Architectural Style Traditional
New Construction No
Schools
Elementary Schools Wake - Farmington Woods Elementary
Middle Schools Wake - Martin Middle
High Schools Wake - Athens Drive High
Others
Senior Community No
Tax ID 078306279698000 0010286
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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