609 Tower St Raleigh, NC 27607
University Park NeighborhoodEstimated payment $4,243/month
Total Views
2,750
4
Beds
2
Baths
1,531
Sq Ft
$454
Price per Sq Ft
Highlights
- Wood Flooring
- Brick Veneer
- 1-Story Property
- Olds Elementary School Rated A
- Central Heating and Cooling System
- 1-minute walk to Chamberlain Park
About This Home
609 Tower Street presents a rare opportunity to own a charming 1950s mostly brick ranch in the sought-after Village District. This well-maintained home features 4 bedrooms, 2 bathrooms, and beautiful hardwood floors throughout. Originally a duplex, it has been thoughtfully converted into a single-family residence.
Zoned R-10 and situated on a 0.25-acre lot, a duplex configuration is still permitted—offering exciting potential to expand or add a second 4-bedroom unit. The property also offers generous off-street parking and a spacious outdoor area.
Currently leased to students at a strong rental rate through July 2026, this home is ideal as a versatile investment property or an easy conversion to a single-family residence. All of this just one block from the Village District's shops, dining, and entertainment.
Tenants are responsible for utilities.
The property is tenant-occupied, with escorted showings available on Saturdays and Tuesdays from 12:00 PM to 1:00 PM. Feel free to attend during these windows until the property is pending.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,362
Year Built
- Built in 1959
Lot Details
- 0.25 Acre Lot
Home Design
- Brick Veneer
- Combination Foundation
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,531 Sq Ft Home
- 1-Story Property
- Basement
- Crawl Space
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- Gravel Driveway
- On-Site Parking
- 6 Open Parking Spaces
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 0794935459
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,362 | $497,667 | $420,000 | $77,667 |
| 2023 | $3,601 | $326,700 | $275,000 | $51,700 |
| 2022 | $3,348 | $326,700 | $275,000 | $51,700 |
| 2021 | $3,219 | $326,700 | $275,000 | $51,700 |
| 2020 | $3,161 | $326,700 | $275,000 | $51,700 |
| 2019 | $2,707 | $230,156 | $160,000 | $70,156 |
| 2018 | $2,555 | $230,156 | $160,000 | $70,156 |
| 2017 | $2,434 | $230,156 | $160,000 | $70,156 |
| 2016 | $2,385 | $230,156 | $160,000 | $70,156 |
| 2015 | $2,258 | $214,155 | $129,600 | $84,555 |
| 2014 | -- | $214,155 | $129,600 | $84,555 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2025 04/06/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | For Sale | $695,000 | -- | $454 / Sq Ft |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $224,500 | None Available | |
| Warranty Deed | $180,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $151,634 | Commercial | |
| Closed | $168,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $26,940 | Unknown | |
| Closed | $179,600 | New Conventional | |
| Previous Owner | $212,000 | Unknown | |
| Previous Owner | $144,000 | New Conventional | |
| Previous Owner | $11,393 | Unknown |
Source: Public Records
Similar Homes in Raleigh, NC
Source: Doorify MLS
MLS Number: 10084744
APN: 0794.16-93-5459-000
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