Located in part of the gateway into Downtown Raleigh, this 4-apartment investment property needs work but has enormous potential. It is on a corner lot in the exciting Bus Rapid Transit Corridor, has off-street parking, OX-3 zoning, and is surrounded by new construction and rehab projects.
Sold for $365,000
$365,000
615 New Bern Ave, Raleigh, NC 27601
4beds
2,139sqft
Quadruplex, Multi Family
Built in 1973
-- sqft lot
$587,700 Zestimate®
$171/sqft
$2,367 Estimated rent
Home value
$587,700
$511,000 - $670,000
$2,367/mo
Zestimate® history
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$2,367/mo
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$2,146/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: October 28, 2025 at 12:24am
Listed by:
Richard Callahan 919-946-3256,
Raleigh Homes Realty
Bought with:
Richard Callahan, 226877
Raleigh Homes Realty
Source: Doorify MLS,MLS#: 10036750
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- None
Cooling
- None
Features
- Flooring: Vinyl, Wood
Interior area
- Total structure area: 2,139
- Total interior livable area: 2,139 sqft
- Finished area above ground: 2,139
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, On Street
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Has view: Yes
Lot
- Size: 4,791 sqft
- Features: Corner Lot
Details
- Parcel number: 1713093103
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Transitional
- Property subtype: Quadruplex, Multi Family
Materials
- See Remarks
- Foundation: Brick/Mortar
- Roof: See Remarks
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2024 | Sold | $365,000-18.9%$171/sqft |
Source:  Doorify MLS #10036750 Report a problem | ||
| 10/19/2024 | Pending sale | $450,000$210/sqft |
Source: Doorify MLS #10036750 Report a problem | ||
| 8/24/2024 | Price change | $450,000-12.6%$210/sqft |
Source: Doorify MLS #10036750 Report a problem | ||
| 8/1/2024 | Price change | $515,000-12.7%$241/sqft |
Source: Doorify MLS #10036750 Report a problem | ||
| 7/9/2024 | Price change | $590,000-5.6%$276/sqft |
Source: Doorify MLS #10036750 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,031 +0.4% | $574,567 |
| 2024 | $5,010 +15.6% | $574,567 +45.2% |
| 2023 | $4,333 +7.6% | $395,644 |
Find assessor info on the county website
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 5/10Powell ElementaryGrades: PK-5Distance: 1.7 mi
- 7/10Ligon MiddleGrades: 6-8Distance: 0.6 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Wake - Powell
- Middle: Wake - Ligon
- High: Wake - Broughton
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$587,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$587,700
- North Carolina
- Wake County
- Raleigh
- 27601
- North Central
- 615 New Bern Ave