$998,900

4009 Virginia Street, Raleigh, NC 27610

Land
Built in ——
2.33acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

2.33 acres - 5 DETACHED HOMES with City Utilities (2 rented) and a 6th vacant lot ready to build, each with Family room, 2 Bed rooms, 1FB on 2.33 acres of prime land offNew Bern Ave, close to Wake Med and just 5 miles from downtown Raleigh! Terrific investment opportunity! Some work needed in 3 of the 5 homes beforethey can be occupied. BEING SOLD 'AS IS'. No Appraisal contingency. Average rent is $750/month. Much higher rent potential. There are no long term leases so buyer can start with new tenant/rent. Please check the new Raleigh zoning and potentail for multiple homes and ADU units. Home is said to bein one of Raleigh's redevelopment areas. Please check https://Useful info at: https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance

Listing Status:: Active
Date Added:: February 5, 2026
Data Last Updated:: March 19, 2026 at 12:08PM
Listing Office:: Real Triangle Properties LLC : 919-380-7325
Listing Agent:: Joe Matthews : 919-244-7733
MLS ID:: 10144956

Road/Access: Public Road
HOA Amenities: 0.0
Originating MLS: Triangle MLS
County: Wake

Zoning: R-41724643495
View: Neighborhood
Fencing: Back Yard
Current Use: ResidentialVacant

Utilities: Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedWater AvailableWater Connected
Water: Public
Sewer: Public Sewer

Source: Triangle MLS

This listing courtesy of Joe Matthews , Real Triangle Properties LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Powell Magnet Elementary School

1130 Marlborough Rd, Raleigh, NC, 27610

Grades PK-5

1.68 miles away

River Oaks Middle School

4700 New Bern Ave, Raleigh, NC, 27610

Grades 6-8

0.87 miles away

Wake Early College of Health and Science

2901 Holston Ln, Raleigh, NC, 27610

Grades 9-12

0.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.