USANCRaleighCapitol Heights700 Glascock St

700 Glascock St, Raleigh, NC

Name: 700 Glascock St, For Sale in Raleigh - eXp Realty
Brand: Compass -- Cary
SKU: 10174326
Price: 625000 USD

House

For Sale

Listed price in listed location currency (USD).

$625,000

8210

MLS® 10174326

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential Income

Size 1777 sqft

Garage

Taxes $4,259

Days Active 0

Lot Size 0.22 Acres

Approx. Age 1950

Avg. Price Per Sqft $351

MLS® Number 10174326

Property Address: 700 Glascock St, Raleigh, NC, 27604-2350

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a cash-flowing asset in one of Raleigh's most desirable and rapidly evolving urban neighborhoods. Located at 700 Glascock Street, this income-producing property sits on a highly visible corner lot comprising approximately 0.22 acres and offers investors immediate returns alongside compelling long-term redevelopment potential. The property is zoned R-10 and positioned within one of Raleigh's most active redevelopment corridors. Surrounded by luxury new construction and high-end infill development, the site is ideally situated to benefit from continued neighborhood growth and increasing land values. Currently operating as an 8-room income-producing property generating approximately $62, 700 in annual gross income ($5, 225/month), the asset benefits from strong rental demand and flexible month-to-month occupancy agreements. The property has been well maintained and improved, with major updates already completed, including a new roof in 2023; HVAC systems installed in 2019; furnaces replaced in 2018 and 2019; a hot water heater installed in 2019; updated bathrooms and kitchen cabinetry in 2023; new windows installed in 2024 and 2025; new gutters in 2025; and fresh interior and exterior paint completed in 2025. Public water and sewer service, along with approximately 10 off-street parking spaces, further enhance the property's functionality and appeal. Beyond the property's income potential, the location offers the highly desirable lifestyle amenities driving demand throughout Downtown Raleigh's urban core. Residents are close to a growing collection of restaurants, retail destinations, and neighborhood gathering spots while enjoying convenient access to Oakwood Park, Big Cat Coffee, Gateway Plaza, area schools, greenway trails, and public transit. A nearby dog park and numerous recreational amenities further enhance the area's appeal. The combination of connectivity, and the city's sought-after "live, work, play" lifestyle makes this location particularly attractive to both tenants and long-term investors. Whether pursuing stable cash flow, a value-add investment strategy, land banking, or future redevelopment, 700 Glascock Street offers multiple paths to value creation in one of Raleigh's strongest growth markets. Opportunities combining current income, corner-lot positioning, and proximity to Downtown Raleigh are increasingly difficult to find.

MLS® Number10174326

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1950

BasementCrawl Space, Unfinished

DrivewayOther

Garage Spaces

HeatHeat Pump, None

A/CCentral Air, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 16, 2026List Date

$625,000List Price

Commute

Commute

Starting Address

Destination Address

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