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
For sale by owner
$975,000
21 Shepherd St, Raleigh, NC 27607
4beds
1,990sqft
Est.:
MultiFamily
Built in 1938
-- sqft lot
$-- Zestimate®
$490/sqft
$-- HOA
What's special
Fireplace downstairsBrick townhouse style duplexDining room
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
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
Estimated market value
Not available
Estimated sales range
Not available
$1,863/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2026 | Listed for sale | $975,000$490/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 6/10Olds ElementaryGrades: PK-5Distance: 0.3 mi
- 6/10Martin MiddleGrades: 6-8Distance: 1.5 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.5 mi









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