Seize this rare chance to own not one but two adjacent parcels of prime real estate being sold together. 1246 and 1250 New Bern Avenue represent a compelling opportunity to capitalize on Raleigh's growth trajectory and urban development trends. With its strategic location, strong market fundamentals, and zoning potential, this property is ideal for investors or developers seeking to create a high-yield, future-forward project. Property Highlights: Location: Strategically positioned on a high-traffic corridor, with excellent visibility and easy access to public transit, downtown amenities, and major highways. RX-3 Zoning: Ideal for combining retail, office and residential space (confirm zoning with city guidelines). Lot Size: Combined, the two lots span .29 acres with a 3 story building height capacity, offering ample space for creative development. Neighborhood Growth: Situated in an area poised for transformation, this property is surrounded by recent and upcoming developments, making it an excellent investment opportunity in an emerging market. Why This Property? Whether you're looking to create modern multifamily housing, retail spaces, or a mixed-use community hub, this location offers a blank canvas for your vision. Its proximity to Raleigh's thriving downtown, universities, hospitals, and employment hubs makes it highly desirable for future residents or tenants. Conceptual sketches available upon request. Key Benefits: Rising Property Values: Take advantage of the upward trend in property values in this area. High Visibility: Benefit from daily exposure to thousands of potential clients, residents, or customers passing along New Bern Avenue. Proximity to Amenities: Close to shopping, dining, healthcare, and cultural hotspots. Don't miss out on this incredible opportunity to invest in one of Raleigh's most promising neighborhoods!
Exceptional Investment Opportunity: 3 Residential Units Just Minutes from Downtown Raleigh! This property offers a steady stream of income with a duplex and an ADU (Accessory Dwelling Unit), both fully occupied by tenants with leases in place until 5/1/25. The duplex units feature spacious, open-concept living areas on the first floor. The kitchens are beautifully designed with large islands, stainless steel appliances (refrigerators included), ceramic tile subway backsplashes, and sleek quartz countertops. A convenient half bath for guests and a one-car garage complete the main floor. Upstairs, each duplex unit offers three bedrooms, two full bathrooms, and a laundry closet in the hallway, with wood shelving in the closets for added storage. At the rear of the duplex is the ADU, which includes two bedrooms, one full bathroom, and a bright, open kitchen that flows into the living room with vaulted ceilings—creating a spacious and airy atmosphere. All units boast luxurious upgrades, including tile showers, stylish tile backsplashes, quartz countertops, high-end appliances, and modern fixtures. This is a prime opportunity to secure a well-maintained, income-generating property in a sought-after location. Additionally, you may qualify for up to $11,750 in lender credits with the use of our preferred lender. Don't miss out on this rare investment opportunity!
Under Contract as single family home MLS #2448534 So Much Potential!! 3 bedroom/2 bath main house with 1 bedroom/1bath basement studio with own entrance PLUS 1 bedroom/1 bath private apartment in back. Zoned for Home Occupation Permit or Live Work Permit. OR tear down and build townhomes! New project 1/2 mile away.
2018 duplex 3 bed/3.5 baths - close Downtown Raleigh! Both units already occupied. Both leases end by April 30, 2022 && Existing property management services by Belk Realty can be transferred. Great for investor or homeowner. Don't miss out on opportunity!!!
This is a duplex turned into rooming house .Tenants pay rent by week and units are furnished. .Longterm tenants mostly Very low vacancy or eviction rate.Each rm. has own bath.Property was renovated when converted. Effective age 12/15 years. This unit gets cable from dish across st. Same owner so if bought separately ,this needs to be addressed.Call agent for more info. Selling as is at this price. Seller will offer property mgt. for a price.
The median home value in Raleigh, NC is $427,000. This is lower than the county median home value of $434,100. The national median home value is $338,100. The average price of homes sold in Raleigh, NC is $427,000. Approximately 46.75% of Raleigh homes are owned, compared to 43.8% rented, while 9.45% are vacant. Raleigh real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Raleigh real estate agent to arrange a tour today!
Raleigh, North Carolina 27610 has a population of 462,219. Raleigh 27610 is less family-centric than the surrounding county with 31.82% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Raleigh, North Carolina 27610 is $72,996. The median household income for the surrounding county is $88,471 compared to the national median of $69,021. The median age of people living in Raleigh 27610 is 34.2 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.8 inches per year, with 3.7 inches of snow per year.