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For sale by owner
  • $975,000

    21 Shepherd St, Raleigh, NC 27607

    4beds
    1,990sqft
    : 
    MultiFamily
    Built in 1938
    -- sqft lot
    $-- Zestimate®
    $490/sqft
    $-- HOA

    What's special

    Fireplace downstairsBrick townhouse style duplexDining room
    Brick Townhouse style duplex within walking distance to NCSU on .37 acres off of Hillsborough Street. Easy access to Downtown Raleigh, Interstate 40 to Research Triangle Park, and Chapel Hill/Durham. Building has a total of 1990 heated square feet. Each side has 2 bedrooms/1 bath upstairs; living room, dining room, kitchen, fireplace downstairs. The 21 side has a sun room and the 21 ½ side has a porch instead. Property has two concrete driveways for off-street parking. Fully-permitted interior renovation in 2005, including all new wiring, plumbing, insulation, and sheet rock. New HVAC units installed in February 2024 with natural gas furnaces and central air conditioning units. New roof installed in January 2026. Property is suitable for two-family owner/rental or potentially single-family renovation option. Both sides are currently occupied by tenants and must be shown by appointment only with a N.C. licensed real estate buyers agent. Call to arrange an appointment for property showing. Photos are from previous rental listing ads. Broker interest
    What the owner loves about this home
    Just off Hillsborough Street. Walking distance to N.C. State University. Easy access to downtown Raleigh and I-40 to Research Triangle Park, Chapel Hill, and Durham. This duplex has an excellent rental history and would allow the owner to live on one side of the property and rent the other side to reduce the monthly mortgage payment. The townhouse currently is rented (both sides) for $3,550.00 per month. See 21 1/2 Shepherd St. for the additional ZESTIMATE value for this property, currently $368,300 and 21 Shepherd St. if $641,100.00 for a total of $1,009,400.00 (subject to change daily).
    11 days
    |
    737
    |
    27
    |
    Listed by:

    Property Owner (919) 880-4287

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,990 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: City
    Lot
    • Size: 0.37 Acres
    Details
    • Parcel number: 0794531167

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1938

    Community & HOA

    Location
    • Region: Raleigh

    Financial & listing details

    • Price per square foot: $490/sqft
    • Tax assessed value: $648,313
    • Annual tax amount: $5,694
    • Date on market: 2/11/2026
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,863/mo

    Price history

    Price history
    DateEventPrice
    2/11/2026Listed for sale$975,000$490/sqft
    Source: Owner Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$5,694 +0.4%$648,313
    2024$5,671 +33.3%$648,313 +67.6%
    2023$4,255 +7.6%$386,715
    2022$3,955 $386,715
    2021-- $386,715
    2020-- $386,715 +22.3%
    2019-- $316,200
    2018-- $316,200
    2017-- $316,200 -10%
    2016$3,261 $351,182 +14.5%
    2015-- $306,732
    2014$3,051 $306,732
    2013-- $306,732
    2012-- $306,732
    2011-- $306,732
    2010-- $306,732
    2009-- $306,732
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    2003-- --
    2002-- --
    2001-- --

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $5,136/mo
    Principal & interest
    $4583
    Property taxes
    $553

      Climate risks

      Neighborhood: Wade

      Nearby schools

      GreatSchools rating

      Local experts in 27607

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