New Listing
Description
Exceptional investment opportunity one block from NC State University-just a three-minute walk to campus! Designed for strong rental flexibility, the property offers four bedrooms, two full baths, and an additional flex space that could serve as a fifth bedroom, office, or study. If rented with 5 bedroom spaces monthly cash flow could easily surpass $4,000, giving an investor the potential to maximize rental income and cash flow. Residents can walk to classes, Greek Village, restaurants, shopping, and everyday conveniences, helping drive consistent demand. See attached survey for likely placement of an optional ADU, which offers additional upside and value add. With its highly desirable location and income-producing potential, this property offers a rare opportunity to own rental housing in the heart of the NC State community.
Details
| MLS # | 10189998 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 3 |
| Listing Provided By | Berkshire Hathaway HomeService | George Patrick III |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,285 |
| Story(s) | 1 |
| Zoning | RX-3 |
| Acreage | 0.14 |
Interior
| Interior Features | Laminate Counters, Track Lighting |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Fireplace Yes / No | No |
| Rooms Total | 8 |
Exterior
| Exterior Features | Private Yard, Rain Gutters |
|---|---|
| Roof | Shingle |
| Foundation Details | Crawlspace |
| Lot Features | Back Yard |
| Construction Materials | Aluminum Siding |
| Security Features | Smoke Detector(s) |
| Patio And Porch Features | Deck |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Concrete, Driveway, Parking Pad |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 327104 |
|---|---|
| Tax Legal Description | Lo2 Vfs Land Co LLC Property Bm2010-00240 |
| Tax Year | 2026 |
| Tax Map Number | 2 |
Other
| Accessibility Features | Accessible Approach with Ramp |
|---|
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Olds Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $439,000 low | high Med: $395,000 sqft: 1,285 low | high Med: 1,281 $ / sqft: $342 low | high Med: $308 On site: 3 low | high Med: 78 | |
Market Activity 27606
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Olds Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $439,000 low | high Med: $395,000 sqft: 1,285 low | high Med: 1,281 $ / sqft: $342 low | high Med: $308 On site: 3 low | high Med: 78 | |
