$450,000

615 New Bern Avenue, Raleigh, NC 27601

  • 3 beds |
  • 4 baths |
  • 2,134 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $211/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

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.

Listing Status:
Active
Date Added:
May 6, 2026
Data Last Updated:
May 10, 2026 at 8:08PM
Listing Office:
Redfin Corporation : 919-816-5981
Listing Agent:
Stacey Delgado : 919-239-0364
MLS ID:
10165257
  • Flooring: HardwoodOther
  • A/C: Multi Units
  • Heating: See Remarks
  • Style: Craftsman
  • Roofing: Shingle
  • General: Vinyl Siding2
  • Originating MLS: Triangle MLS
  • County: Wake
  • Zoning: OX-3171305093103000 0071473
  • View: View
  • Water: Public
  • Sewer: Public Sewer
  • Source: Triangle MLS

This listing courtesy of Stacey Delgado , Redfin Corporation

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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