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A quick note about Sundays: Our office is closed so our team can unplug and spend time with their families. If you already have a confirmed Sunday showing, don't worry. We'll still be available to provide property access and assist with anything you need during your scheduled tour.

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Now for the fun part. Let's find you a home you'll truly love calling your own. We can't wait to meet you!

Auralia Residential proudly helps buyers and renters throughout Raleigh, Durham, Cary, Apex, Garner, Wake Forest, Fuquay-Varina, Clayton, and communities across the Greater Triangle.

615 New Bern AVE, Raleigh, NC 27601
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615 New Bern AVE, Raleigh, NC 27601,Video Tour
615 New Bern AVE, Raleigh, NC 27601
615 New Bern AVE, Raleigh, NC 27601
615 New Bern AVE, Raleigh, NC 27601
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Listed by Redfin Corporation
$ 415,000
Est. payment /mo
Active

615 New Bern AVE Raleigh, NC 27601

3 Beds

4 Baths

2,134 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,134 sqft

Price per Sqft $194

Subdivision Not In A Subdivision

MLS Listing ID 10165257

Style Craftsman

Bedrooms 3

Full Baths 4

HOA Y/N No

Year Built 1983

Annual Tax Amount $5,030

Lot Size 2,134 Sqft

Acres 0.11

Property Sub-Type Quadruplex

Source Doorify MLS

Land Area 2134

Property Description

Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh.

Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths.

The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services.

With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.11

Zoning OX-3

Interior

Heating See Remarks

Cooling Multi Units

Flooring Hardwood, Other

Fireplace No

Exterior

Roof Type Shingle

Garage No

Building

Story Two

Water Public

Architectural Style Craftsman

New Construction No

Schools

Elementary Schools Wake - Powell Elementary

Middle Schools Wake - Ligon Middle

High Schools Wake - Needham Broughton High

Others

Senior Community No

Tax ID 171305093103000 0071473

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://my.matterport.com/show/?m=cRi7oFvJvUp&brand=0


Doorify MLS
Tamisha Lane
Tamisha Lane

Principal Broker | Broker-in-Charge | Owner | License ID: 327561

+1(919) 866-9302 | tamishalane@auraliaresidential.com

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615 New Bern AVE