$615,000
About this home
Well-maintained, single-story triplex located in an established West Raleigh neighborhood. Built in 1984, the property consists of three identical 2-bed, 2-bath units, each approximately 1,000 square feet. The property offers investors an opportunity to acquire an income-producing asset in a desirable location convenient to NC State University, I-40, Crossroads Plaza and the surrounding Raleigh/Cary employment centers. The property has benefited from substantial capital improvements, including a major renovation program in 2016 that addressed the roof, windows, exterior siding, decks, HVAC systems, water heaters and other building components. Additional improvements from 2021 through 2026 include updated flooring, interior renovations, exterior siding replacement and a new HVAC system, helping position the property for continued long-term ownership. Currently fully leased, the property offers immediate rental income with additional flexibility as one unit is scheduled to become available in November 2026. This upcoming vacancy presents an opportunity for an owner-occupant to occupy one residence while generating rental income from the other two, or for an investor to evaluate current market rents upon turnover. Lease expiration dates and rents: A-moving out end of November ($1300 + $125/mon), B-6/30/27 ($1300 + $125/mon), C-6/30/27 ($1300 + $125/mon). Owner pays water, but all tenants pay $125/mon fee.
Property details
- MLS
- Doorify MLS
- MLS #
- 10197908
- Property type
- Triplex
- Subdivision
- Wayneridge
- Status
- Active
- Days on market
- 6
- On market date
- October 12, 2026
- Stories
- N/A
- Total bathrooms
- 6
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 1.04 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.
- Enrollment
- 667
- Student:teacher ratio
- 13.9:1
- District
- Wake County Schools
- Enrollment
- 1,003
- Student:teacher ratio
- 15.0:1
- District
- Wake County Schools
- Enrollment
- 2,042
- 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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Raleigh, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 7 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.