$399,900

Estimated payment $2,475/month

Total Views 4,283
4 Beds
4 Baths
2,033 Sq Ft
$197 Price per Sq Ft

Highlights

  • Very Popular Property
  • 0.46 Acre Lot
  • Traditional Architecture
  • Oak Grove Elementary Rated A-
  • Deck
  • No HOA

About This Home

ATTENTION DEVELOPERS! Rare Duplex offered in the heart of Raleigh near HWY 64 and Interstate 40 by Wake Med Hospital. The home resides in the new frequent transit area as part of the UDO 2030 Comprehensive Plan for the city involving the cities first Bus Rapid Transit Line and new stations and widening of New Bern Avenue (Hwy 64) where the city is building a multi million transit upgrade for HWY 64 to make the city more accessible. This home currently is a duplex in need of repair and home is uninhabitable. However with the new zoning you can request because this building is in this transit area, it is approved for up to 16 units that could be put there and existing building could be torn down and a small apartment complex or up to 12 townhomes could be put in its place assuming you meet all other building criteria like setbacks / water catchment system etc. If a developer were to acquire surrounding properties then a much larger high density project could be green lit by the city. For an even easier build the existing R-6 zoning is grandfathered into a quadplex with no zoning changes or restrictions. The current owners have made significant upgrades with over $40K in renovations the last 10 years including remodeling both units and upgrading HVAC on both units in the last 2 years. No HOA helps you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity to fix and flip or develop for savvy investors. A 3bd/2bath apartment unit / townhome / unit of a Quad would likely rent for $1800-$2000 a month in this location based on current market comps.

Listing Agent

Matt Perry

Keller Williams Elite Realty License #234841

Keller Williams Elite Realty

Co-Listing Agent

Shawn Carter

Keller Williams Elite Realty License #223730

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,919

Year Built

  • Built in 1984

Lot Details

  • 0.46 Acre Lot

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Masonite

Interior Spaces

  • 2,033 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Open Parking Spaces

Outdoor Features

  • Deck
  • Outdoor Storage
  • Front Porch

Schools

  • Oak Grove Elementary School
  • Dillard Middle School
  • Enloe High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Country Club View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1723184023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,919

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential
  • Co List Office Mls Id: 74402
  • Co List Office Phone: 984-244-5830
  • Subdivision Name: Country Club View
  • Above Grade Finished Sq Ft: 2033.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Second
  • General Property Information Enhanced Accessible2: No
  • Roof:Shingle: Yes
  • General Property Information Above Grade Finished Area: 2033.0
  • General Property Information Lot Size Square Feet2: 20037.6
  • General Property Information Lot Size Acres: 0.46
  • General Property Information Stories2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 1
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Storage
  • Acres: 0.46
  • Construction Type: Masonite
  • Foundation Details: Other
  • Patio And Porch Features: Deck, Front Porch
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Masonite: Yes
  • Exterior Features:Storage2: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Natural Gas
  • Cooling: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Enloe
  • Middle Or Junior School: Wake - Dillard

Lot Info

  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 1723184023
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2919.18
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Oak Grove

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 For Sale $399,900 -- $197 / Sq Ft
Source: Doorify MLS

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Source: Doorify MLS

MLS Number: 10085797

Doorify MLS