3 Beds
4 Baths
2,134 SqFt
3 Beds
4 Baths
2,134 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,134 sqft
Price per Sqft $194
Subdivision Not In A Subdivision
MLS Listing ID 10165257
Style Craftsman
Bedrooms 3
Full Baths 4
HOA Y/N No
Year Built 1983
Annual Tax Amount $5,030
Lot Size 2,134 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Source Doorify MLS
Land Area 2134
Property Description
Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths.
The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services.
With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.
Location
State NC
County Wake
Community Not In A Subdivision
Area 0.11
Zoning OX-3
Interior
Heating See Remarks
Cooling Multi Units
Flooring Hardwood, Other
Fireplace No
Exterior
Roof Type Shingle
Garage No
Building
Story Two
Water Public
Architectural Style Craftsman
New Construction No
Schools
Elementary Schools Wake - Powell Elementary
Middle Schools Wake - Ligon Middle
High Schools Wake - Needham Broughton High
Others
Senior Community No
Tax ID 171305093103000 0071473
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://my.matterport.com/show/?m=cRi7oFvJvUp&brand=0
Learn More About LPT Realty
License ID: 334577