1511 Joe Louis Avenue, Raleigh, NC 27610

Raleigh
Local realty services provided by:ERA Parrish Realty Legacy Group
1511 Joe Louis Avenue,Raleigh, NC 27610
$525,000
  • 4 Beds
  • 2 Baths
  • 1,352 sq. ft.
  • Multi-family
  • Active
Listed by: annie clements
Office: choice residential real estate
MLS#:10141059
Source:RD

Price summary

  • Price:$525,000
  • Price per sq. ft.:$388.31

About this home

Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location. The adjacent property, 600 Sherrybrook Dr., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.

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Home facts

  • Year built:1983
  • Listing ID #:10141059
  • Added:107 day(s) ago
  • Updated:May 01, 2026 at 03:13 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Range, Refrigerator
  • Living area:1,352 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard Heat, Electric

Structure and exterior

  • Roof:Composition
  • Year built:1983
  • Building area:1,352 sq. ft.
  • Lot area:0.21 Acres
  • Construction Materials:Masonite
  • Levels:One

Schools

  • High school:Wake County Schools
  • Middle school:Wake County Schools
  • Elementary school:Wake County Schools

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$388.31
  • Tax amount:$2,188

Features and amenities

  • Appliances:Dryer, Range, Refrigerator, Washer
  • Laundry features:Dryer, In Unit, Washer
  • Amenities:Washer

Parking

  • Parking description:Driveway
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