516 W Peace St 3267977_07302026_02 - 516 W Peace Street, Raleigh, NC 27603, Raleigh
516 W Peace St 3267977_07302026_01 - 516 W Peace Street, Raleigh, NC 27603, Raleigh
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516 W Peace St 3267977_07302026_07 (1) - 516 W Peace Street, Raleigh, NC 27603, Raleigh
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IMG_7656 - 516 W Peace Street, Raleigh, NC 27603, Raleigh
18 photos

$1,195,000

516 W Peace Street, Raleigh, NC 27603
Raleigh, NC 27603
Listed by Amanda Williams · Berkshire Hathaway HomeService
Bedrooms
2
Bathrooms
1
Living area
N/A
Year built
1908

About this home

Rich in character and full of timeless appeal, this well-maintained 1908 home offers a rare combination of historic charm and modern updates in a prime location. Featuring 10' ceilings, gleaming hardwood floors, a spacious foyer and central hallway, this inviting home also includes a generous living room, and a bright eat-in kitchen. Two bedrooms and one full bath complete the thoughtfully designed floor plan. Enjoy relaxing on the welcoming wraparound front porch or take advantage of the large rear parking area with convenient side alley access to a quiet neighborhood street. The home is in very good condition and has been updated with a new HVAC system and a newer hot water heater, providing peace of mind while preserving its classic character. Currently zoned NX-3 for Neighborhood Business, this versatile property offers exceptional flexibility. Continue to enjoy it as a charming residence or explore the many possibilities for a neighborhood business. A unique opportunity to own a property with historic charm, modern conveniences, and outstanding potential. Price Reduction!

Highlights

Fireplace

Property details

MLS #
10183887
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
69
On market date
August 1, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 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
Wiley Elementary
0.39 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
1.83 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 69 days -- 34 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

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

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Est. monthly payment
$7,346/mo
$239,000 down
$956,000 loan
Principal & interest$6,201
Property tax (est.)$996
Home insurance (est.)$150

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