513 Cleveland Street,Raleigh, NC 27605
Raleigh, NC 27605
Description
Excellent investment and redevelopment opportunity in the heart of Raleigh! This 1920s Craftsman features four individual units. Nestled on a quiet street in the highly desirable Glenwood-Brooklyn Historic District, this property combines neighborhood charm with unbeatable convenience. Enjoy being just minutes from grocery stores, acclaimed restaurants, Fletcher Park, and close proximity to downtown Raleigh. Currently configured as a stripped-down quadplex, the footprint provides the perfect shell for a high-end single-family conversion. Alternatively, rehab the existing four 1-bed/1-bath units to capture premium rental rates in a Class-A location.
Details
| MLS # | 10177968 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 52 |
| Listing Provided By | The Alston Real Estate Group | Kharmika T Alston |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,110 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R-10 |
| Acreage | 0.09 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Wall/Window Unit(s) |
Exterior
| Roof | See Remarks |
|---|---|
| Foundation Details | Crawlspace |
| Construction Materials | Brick |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Additional Parking, Off Street |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 612027 |
|---|---|
| Tax Legal Description | 513 Cleveland Street |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27605 |
| Area | Wake |
| Community Name | Glenwood |
| Listing VS Median (in Glenwood) | |
Price: $600,000 low | high Med: $600,000 sqft: 2,110 low | high Med: 2,110 $ / sqft: $284 low | high Med: $284 On site: 52 low | high Med: 52 | |
Market Activity 27605
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27605 |
| Area | Wake |
| Community Name | Glenwood |
| Listing VS Median (in Glenwood) | |
Price: $600,000 low | high Med: $600,000 sqft: 2,110 low | high Med: 2,110 $ / sqft: $284 low | high Med: $284 On site: 52 low | high Med: 52 | |
