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MULTI_FAMILY - Raleigh, NC
Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location. The adjacent property, 1511 Joe Louis Ave., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.
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Copyright © 2026 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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