615 New Bern Avenue, Raleigh, NC 27601
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615 New Bern Avenue, Raleigh, NC 27601
615 New Bern Avenue, Raleigh, NC 27601
615 New Bern Avenue, Raleigh, NC 27601
615 New Bern Avenue, Raleigh, NC 27601
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Choices Team

Choices Team

+1(919) 322-8090
Listed by Redfin Corporation
$ 425,000
Est. payment /mo
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615 New Bern Avenue Raleigh, NC 27601

4 Baths

2,134 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,134 sqft

Price per Sqft $199

Subdivision Not In A Subdivision

MLS Listing ID 10174159

Style Multi Family,Site Built

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,134

Year Built 1983

Annual Tax Amount $5,030

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Quadruplex

Source Triangle MLS

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

Zoning OX-3

Interior

Heating See Remarks

Cooling Multi Units

Flooring Hardwood, Other

Exterior

View Y/N Yes

Roof Type Shingle

Garage No

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Vinyl Siding

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

Special Listing Condition Standard

Doorify MLS / Triangle MLS

NEARBY SCHOOLS & PROPERTIES

Choices Team

Choices Team

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+1(919) 322-8090

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