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About This Home
This 4-bedroom, 2-bathroom residential multi family at 1511 Joe Louis Avenue in Raleigh, NC is listed for $625,000 ($462 per sqft). Built in 1983, the home offers 1,352 sqft of living space on a 0.21 acres lot.
Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities.
Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location.
The adjacent property, 600 Sherrybrook Dr., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.
Key Features
- Built in 1983
- 0.21 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1511 Joe Louis Avenue
Raleigh, NC 27610
Joe Louis Park
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 1511 Joe Louis Avenue is listed at $625,000 ($462/sqft). The estimated monthly payment is $2,708 based on 20% down at 6.5% interest.
Key features include: Built in 1983, 0.21 acre lot.
This property is listed by Annie Clements and can be reached at 2539887467 or annieclements@icloud.com.
