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 $210
Subdivision Not In A Subdivision
MLS Listing ID 10165257
Style Multi Family,Site Built
Bedrooms 3
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,134
Year Built 1983
Annual Tax Amount $5,030
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Source Triangle MLS
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
Zoning OX-3
Direction 615 New Bern Ave
Rooms
Other Rooms • Primary Bedroom (Main)
Primary Bedroom Level Main
Interior
Heating See Remarks
Cooling Multi Units
Flooring Hardwood, Other
Exterior
View Y/N Yes
Roof Type Shingle
Garage No
Private Pool No
Building
Faces 615 New Bern Ave
Story 2
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Powell
Middle Schools Wake - Ligon
High Schools Wake - Broughton
Others
Senior Community No
Tax ID 171305093103000 0071473
Special Listing Condition Standard
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