$998,900
About this home
2.33 acres - 5 DETACHED HOMES with City Utilities (2 rented) and a 6th vacant lot ready to build, each with Family room, 2 Bed rooms, 1FB on 2.33 acres of prime land offNew Bern Ave, close to Wake Med and just 5 miles from downtown Raleigh! Terrific investment opportunity! Some work needed in 3 of the 5 homes beforethey can be occupied. BEING SOLD 'AS IS'. No Appraisal contingency. Average rent is $750/month. Much higher rent potential. There are no long term leases so buyer can start with new tenant/rent. Please check the new Raleigh zoning and potentail for multiple homes and ADU units. Home is said to bein one of Raleigh's redevelopment areas. Please check https://Useful info at: https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance
Property details
- MLS #
- 10144956
- Property type
- Ranch
- Subdivision
- Beacon Lake
- Status
- Active
- Days on market
- 236
- On market date
- February 6, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 2.33 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 290
- Student:teacher ratio
- 10.0:1
- District
- Wake County Schools
- Enrollment
- 609
- Student:teacher ratio
- 12.4:1
- District
- Wake County Schools
- Enrollment
- 1,387
- Student:teacher ratio
- 13.1:1
- District
- Wake County Schools
Walkability
Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
Market position
How this listing compares to current activity in Raleigh, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.