615 New Bern Avenue, Raleigh, NC 27601
Local realty services provided by:ERA Live Moore
615 New Bern Avenue,Raleigh, NC 27601
$415,000
- - Beds
- 4 Baths
- 2,134 sq. ft.
- Multi-family
- Active
Listed by: stacey delgado
Office: redfin corporation
MLS#:10174159
Source:RD
Price summary
- Price:$415,000
- Price per sq. ft.:$194.47
About this home
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....
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Home facts
- Year built:1983
- Subdivision & Development:Not in a Subdivision
- Listing ID #:10174159
- Added:90 day(s) ago
- Updated:September 14, 2026 at 03:59 PM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood
- Living area:2,134 sq. ft.
Heating and cooling
- Cooling:Multi Units
Structure and exterior
- Roof:Shingle
- Year built:1983
- Building area:2,134 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Vinyl Siding
- Levels:Two
Schools
- High school:Wake - Needham Broughton High
- Middle school:Wake - Ligon Middle
- Elementary school:Wake - Powell Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$415,000
- Price per sq. ft.:$194.47
- Tax amount:$5,031
Parking
- Parking description:Driveway
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