01-513 Cleveland St -1 - 513 Cleveland Street, Raleigh, NC 27605, Raleigh
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floor_plan_513_cleveland_street_raleigh_ - 513 Cleveland Street, Raleigh, NC 27605, Raleigh
19 photos

$600,000

513 Cleveland Street, Raleigh, NC 27605
Raleigh, NC 27605
Listed by Kharmika T Alston · The Alston Real Estate Group
Bedrooms
4
Bathrooms
4
Living area
N/A
Year built
1920

About this home

Excellent investment and redevelopment opportunity in the heart of Raleigh! This 1920s Craftsman features four individual units. Nestled on a quiet street in the highly desirable Glenwood-Brooklyn Historic District, this property combines neighborhood charm with unbeatable convenience. Enjoy being just minutes from grocery stores, acclaimed restaurants, Fletcher Park, and close proximity to downtown Raleigh. Currently configured as a stripped-down quadplex, the footprint provides the perfect shell for a high-end single-family conversion. Alternatively, rehab the existing four 1-bed/1-bath units to capture premium rental rates in a Class-A location.

Property details

MLS #
10177968
Property type
Quadruplex
Subdivision
Glenwood
Status
Active
Days on market
94
On market date
July 10, 2026
Stories
N/A
Total bathrooms
4
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.09 acres
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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.

Elementary
Wiley Elementary
0.54 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
368
Student:teacher ratio
10.2:1
District
Wake County Schools
Middle
Oberlin Middle
1.65 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,202
Student:teacher ratio
15.2:1
District
Wake County Schools
High
Needham Broughton High
0.35 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,098
Student:teacher ratio
16.1:1
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.

93
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 94 days -- 13 fewer days than Raleigh's current average of 107 days.
For reference, the median list price across 2,846 active listings in Raleigh right now is $375,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,763/mo
$120,000 down
$480,000 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 20, 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.