419 Rose Lane
Raleigh, NC 27610Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded by new builds selling between $450K-$600K and located only minutes from Downtown Raleigh, this property presents multiple exit strategies and long-term upside in one of the city's fastest-growing corridors.
$1,200,000
bedrooms
full bathrooms
1.05 acres
5,448 square feet
$220 per square foot
- Exterior Features
- Interior Features
- Property Features
- Building Features Primary Walk-In Closet(s)
- Construction Materials Brick
- Exterior Features Private Yard, Fenced Yard, Rain Gutters, Storage
- Fencing Back Yard, Fenced, Chain Link
- Lot Size Acres 1.05
- Structure Type Duplex, Site Built, Multi Family
- Appliances Electric Range, Dishwasher, Exhaust Fan, Microwave, Electric Oven, Tankless Water Heater, Washer/Dryer
- Basement Crawl Space
- Cooling Window Unit(s), Central Air
- Cooling Y/N Yes
- Flooring Vinyl
- Heating Forced Air, Electric
- Heating Y/N Yes
- Interior Features Bathtub/Shower Combination, Kitchen/Dining Room Combination, Walk-In Closet(s), Open Floorplan, Ceiling Fan(s)
- Laundry Features In Unit, Inside
- Lot Features Cleared, Front Yard, Back Yard, Few Trees, Level
- Tax Annual Amount 6137.25
- Water Source Public
- Year Built 1959
Additional Property Information
- TypeMulti Family
- Built1959
- NeighborhoodRosemont Gardens
- CountyWake
- AreaRaleigh
- Elementary School
- Middle School
- High School
Listing courtesy of United Real Estate Triangle. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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