Description
Well-maintained, single-story triplex located in an established West Raleigh neighborhood. Built in 1984, the property consists of three identical 2-bed, 2-bath units, each approximately 1,000 square feet. The property offers investors an opportunity to acquire an income-producing asset in a desirable location convenient to NC State University, I-40, Crossroads Plaza and the surrounding Raleigh/Cary employment centers. The property has benefited from substantial capital improvements, including a major renovation program in 2016 that addressed the roof, windows, exterior siding, decks, HVAC systems, water heaters and other building components. Additional improvements from 2021 through 2026 include updated flooring, interior renovations, exterior siding replacement and a new HVAC system, helping position the property for continued long-term ownership. Currently fully leased, the property offers immediate rental income with additional flexibility as one unit is scheduled to become available in November 2026. This upcoming vacancy presents an opportunity for an owner-occupant to occupy one residence while generating rental income from the other two, or for an investor to evaluate current market rents upon turnover. Lease expiration dates and rents: A-moving out end of November ($1300 + $125/mon), B-6/30/27 ($1300 + $125/mon), C-6/30/27 ($1300 + $125/mon). Owner pays water, but all tenants pay $125/mon fee.
Details
| MLS # | 10197908 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1984 |
| Days On Site | 9 |
| Listing Provided By | Deaton Investment Real Estate | Thomas Furlow |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,000 |
| Story(s) | 1 |
| Zoning | R-10 |
| Acreage | 1.04 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Crawlspace |
| Construction Materials | Engineered Wood |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street, Parking Lot |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 602846 |
|---|---|
| Tax Legal Description | Lo13 Prop Wayneridge Associates 83-426 |
| Tax Year | 2026 |
| Tax Map Number | 13 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Wayneridge |
| School District | Wake County Schools |
| Elementary School | Wake County Schools |
| High School | Wake County Schools |
| Listing VS Median (in Wayneridge) | |
Price: $615,000 low | high Med: $615,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $205 low | high Med: $205 On site: 9 low | high Med: 9 | |
Market Activity 27606
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Wayneridge |
| School District | Wake County Schools |
| Elementary School | Wake County Schools |
| High School | Wake County Schools |
| Listing VS Median (in Wayneridge) | |
Price: $615,000 low | high Med: $615,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $205 low | high Med: $205 On site: 9 low | high Med: 9 | |