USANCRaleighNot in a Subdivision615 New Bern Ave
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$450,000

For Sale

6 hours ago

615 New Bern Ave, Raleigh, NC

House

MLS® 10165257

3 Bed

4 Bath

2134 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size 2134 sqft
Garage 
Taxes $5,031
Days Active 0
Lot Size 
Approx. Age 1983
Avg. Price Per Sqft $210
MLS® Number 10165257

Property Address: 615 New Bern Ave, Raleigh, NC, 27601-1527

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

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.
MLS® Number10165257
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1983
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2026List Date
$450,000List Price
Nov 12, 2024End Date
$365,000Sold Price

Sold

Jul 15, 2024List Date
$450,000List Price

Home Appraisal

This property is estimated to sell between: $450,000 and $963,000.
Similar properties in this area sold on average for: $791,490
Expected to sell in 100 days. Similar properties sold in 100 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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615 New Bern Ave, Raleigh, NC

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