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Nic Platter

nic@bliss-realestate.com +1(323) 791-8385

Listed by Redfin Corporation

$390,000

Est. payment - /mo

3 Beds

4 Baths

2,134 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,134 sqft

Price per Sqft $182

Subdivision Not In A Subdivision

MLS Listing ID 10165257

Style Craftsman

Bedrooms 3

Full Baths 4

HOA Y/N No

Year Built 1983

Annual Tax Amount $5,030

Lot Size 4,792 Sqft

Acres 0.11

Property Sub-Type Quadruplex

Source Doorify MLS

Land Area 2134

Property Description

Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths. The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services. With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.11

Zoning OX-3

Rooms

Main Level Bedrooms 1

Interior

Heating See Remarks

Cooling Multi Units

Flooring Hardwood, Other

Fireplace No

Exterior

Roof Type Shingle

Garage No

Building

Story Two

Water Public

Architectural Style Craftsman

New Construction No

Schools

Elementary Schools Wake - Powell Elementary

Middle Schools Wake - Ligon Middle

High Schools Wake - Needham Broughton High

Others

Senior Community No

Tax ID 171305093103000 0071473

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Nic Platter

+1(323) 791-8385

Realtor License ID: 323219

615 New Bern AVE Raleigh, NC 27601

Nic Platter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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615 New Bern AVE