Active

$250,000

1602 Malta Ave, Raleigh, NC 27610

4beds

1,196sqft

Est.:

Single Family Residence

Built in 1998

0.14 Acres Lot

$253,700 Zestimate^®

$209/sqft

$-- HOA

What's special

Opportunity knocks at 1602 Malta Ave in Raleigh! This 4-bedroom, 2-bath home offers 1,196 sqft of potential in one of Raleigh’s fastest growing areas. Built in 1998, this property is primed for a full renovation or redevelopment play. R-10 Zoning and lot width allows for a large single family or duet-style two-unit townhome build (confirmed with Raleigh Development). With an estimated flip ARV of $425,000 and nearby new builds selling above $1M , this is a strong value-add opportunity for investors looking to capitalize on the area’s rapid appreciation. Whether you’re planning a fix-and-flip or exploring new construction potential, the upside here is undeniable. Full inspection report available—bring your contractor and your vision!

6 days

3,481

116

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 4

Bedroom s

Level: Main

Heating

Central, Forced Air, Natural Gas

Cooling

Ceiling Fan(s), Central Air, Electric

Appliances

Included: Dishwasher, Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator with Ice Maker
Laundry: Laundry Closet

Features

Has basement: No

Interior area

Total structure area: 1,196
Total interior livable area: 1,196 sqft
Finished area above ground: 1,196
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 0.14 Acres

Details

Parcel number: 1713.10359254000
Zoning: R-10
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Vinyl
Foundation: Crawl Space

Condition

New construction: No
Year built: 1998

Utilities & green energy

Sewer: Public Sewer
Water: City

Community & HOA

Community

Subdivision: None

Location

Region: Raleigh

Financial & listing details

Price per square foot: $209/sqft
Tax assessed value: $294,091
Annual tax amount: $2,585
Date on market: 3/17/2026
Cumulative days on market: 6 days
Listing terms: Cash,Nonconforming Loan
Road surface type: Concrete, Paved

Estimated market value

$253,700

$241,000 - $266,000

$1,627/mo

Price history

Date	Event	Price
3/18/2026	Listed for sale	$250,000+127.3%$209/sqft
Source: Canopy MLS as distributed by MLS GRID #4358614 Report a problem
7/31/1998	Sold	$110,000+511.1%$92/sqft
Source: Public Record Report a problem
3/27/1998	Sold	$18,000$15/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,585 +0.4%	$294,091
2024	$2,574 +7.3%	$294,091 +34.7%
2023	$2,400 +7.6%	$218,363
2022	$2,231 +4%	$218,363
2021	$2,145 +1.8%	$218,363
2020	$2,106 +66.3%	$218,363 +103%
2019	$1,267	$107,565
2018	$1,267 +11.2%	$107,565
2017	$1,139 +2.1%	$107,565
2016	$1,116 +1%	$107,565 +2.6%
2015	$1,105	$104,795
2014	--	$104,795
2013	--	$104,795
2012	--	$104,795
2011	--	$104,795
2010	--	$104,795
2009	--	$104,795
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--