615 New Bern Avenue, Raleigh, NC 27601

Raleigh
Local realty services provided by:ERA Parrish Realty Legacy Group
615 New Bern Avenue,Raleigh, NC 27601
$425,000
  • - Beds
  • 4 Baths
  • 2,134 sq. ft.
  • Multi-family
  • Active
Listed by: stacey delgado
Office: redfin corporation
MLS#:10174159
Source:RD

Price summary

  • Price:$425,000
  • Price per sq. ft.:$199.16

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...

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Home facts

  • Year built:1983
  • Listing ID #:10174159
  • Added:1 day(s) ago
  • Updated:June 16, 2026 at 01:59 AM

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:$425,000
  • Price per sq. ft.:$199.16
  • Tax amount:$5,031

Parking

  • Parking description:Driveway
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