Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded by new builds selling between $450K-$600K and located only minutes from Downtown Raleigh, this property presents multiple exit strategies and long-term upside in one of the city's fastest-growing corridors.
Property Features
House Interior
Ceiling Fan(s)
Open Floorplan
Walk-In Closet(s)
Utilities
Electricity Connected
Sewer Connected
Water Connected
Cooling Information
Central Air
Window Unit(s)
Heating Information
Electric
Forced Air
Water Features
Public
Parking
Paved
Basement
Crawl Space
Listing Courtesy: United Real Estate Triangle - 919-573-8322
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Last Updated: 2025-10-10 02:30:48
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Triangle MLS.