Contacts
Property Details
- Property Type Other
- Units 16
- Year Built 1959
- Date Updated Mar 26, 2025
Deaton GREA, as the exclusive listing broker for the seller, is pleased to present these 16 units in Raleigh, N.C. The property offers a prime location near Downtown Raleigh, NC State University, Cary, the Research Triangle Park. The property sits directly on the bus route, within walking distance to Harris Teeter grocery-anchored shopping center, and offers easy access to surrounding attractions such as the Lenovo Center.
The property features a mix of fourteen, two-bedroom units and two, three-bedroom units. The rear building is three stories and was built in 1997. It features, twelve, identical, two-bedroom and one-bathroom floor plans. The front building is brick, one-story duplex, built in 1959 with an addition on the side built in 1997 that is two-stories. The original, brick duplex features two, identical two-bed and one-bathroom floor plans. The 1997 addition features two, identical, three-bedroom and two-bathroom units. The roofs were replaced in 2020. There is some polybutelene plumbing in the 1997 buildings.
The current owner self-manages the asset and has consistently kept occupancy above 90%. There are eight current tenants receiving rental assistance, but the property is not under any affordable restrictions. This property offers an excellent opportunity for an investor to acquire a stabilized asset in the heart of Raleigh's thriving market.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% Occupancy
- In the heart of Raleigh's thriving market
Getting around
-
50/100
Walk Score ®
-
37/100
Transit Score ®
-
27/100
Bike Score ®
Location
- City Raleigh, NC
- Neighborhood Wolf Crossing
- Zip Code 27606
- Market Raleigh Durham
Points of Interest
-
Raleigh
4.61 miles
-
Zone 1: Prearranged Services
7.28 miles
-
Zone 4: Limos
7.31 miles
-
Mobil
0.47 miles
-
Gabe Mart
0.50 miles
-
Sheetz
0.82 miles
-
BP
1.04 miles
-
Exxon
1.05 miles
-
76
1.27 miles
-
Citgo
1.28 miles
-
Shell
1.39 miles
-
Building C Charging Station
2.81 miles
-
EVgo
3.25 miles
-
Lake Johnson Park Lot 2
1.69 miles
-
CBC Parking Garage
1.74 miles
-
Terry Center Parking
1.77 miles
-
Health and Wellness Center parking
1.83 miles
-
Large Animal Hospital parking
1.89 miles
-
District Drive Park & Ride
1.99 miles
-
Senior Parking Lot
2.12 miles
-
East Cedar Street Lot
2.72 miles
-
West Lot Parking Deck
2.74 miles
-
Town of Cary Library Parking Deck
2.79 miles
-
Hyatt Place Raleigh West
0.89 miles
-
Home2 Suites Raleigh State Arena
0.96 miles
-
Hawthorn Suites by Wyndham Raleigh
0.98 miles
-
Wingate by Wyndham State Arena Raleigh/Cary
0.98 miles
-
Four Points by Sheraton Raleigh Arena
1.16 miles
-
Hampton Inn & Suites
1.35 miles
-
Motel 6 Raleigh, NC - Cary
1.42 miles
-
Homewood Suites by Hilton Raleigh Cary I-40
1.59 miles
-
Best Western Plus
1.65 miles
-
Red Roof Inn Raleigh Southwest - Cary
1.66 miles
-
Harris Teeter
0.56 miles
-
Roses Department Store
1.18 miles
-
Grand Asia Market
1.22 miles
-
Ross
1.38 miles
-
Burlington
1.46 miles
-
Marshalls
1.52 miles
-
Target
1.68 miles
-
Casablanca Market
2.01 miles
-
Patel Brothers
2.02 miles
-
Almadina Market
2.05 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
