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32 photos

$405,000

718 Penn Road, Raleigh, NC 27604
Raleigh, NC 27604
Listed by Patrick Lawson · RE/MAX EXECUTIVE
Bedrooms
2
Bathrooms
1
Living area
N/A
Year built
1951

About this home

Live the dream in the highly sought after Capital Heights neighborhood! You will love this 2 bedroom homes on a private fenced .21 acres lot. A prime location just minutes to Downtown Raleigh and walking distance to the Oakwood dog park, restaurants and more. Featuring Granite counters and butcher block island. Stainless steel appliances, hardwoods throughout, private deck, patio and more! Do not miss this fabulous home in an incredible neighborhood. Welcome Home! Home being sold, AS IS.

Property details

MLS #
10180491
Property type
Single Family Residence
Subdivision
Capital Heights
Status
Active
Days on market
63
On market date
August 7, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.21 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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Conn Elementary
0.57 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
462
Student:teacher ratio
11.8:1
District
Wake County Schools
Middle
Ligon Middle
1.12 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
952
Student:teacher ratio
15.1:1
District
Wake County Schools
High
Enloe High
0.96 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
2,416
Student:teacher ratio
17.0:1
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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

88
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks19
Schools15
Transit stops20
Pharmacies2

Market position

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

On the market 63 days -- 40 fewer days than Raleigh's current average of 103 days.
For reference, the median list price across 2,844 active listings in Raleigh right now is $375,000.

Mortgage calculator

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Est. monthly payment
$2,589/mo
$81,000 down
$324,000 loan
Principal & interest$2,101
Property tax (est.)$338
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 28 days ago.

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.