See Home Value
$250,000
↓ $99K (9%)
● Land - Off Market

2824 Providence Road

Raleigh, NC 27610
bedrooms
Studio
bathrooms
0 Bath
$248,600
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Unique .46 acre lot minutes from Downtown ready for build with a duplex already approved/foundation underway in addition to a 2 bedroom ADU with submitted permit awaiting a few minor plan modifications for final approval.  City water already brought on site/metered, existing curb cut and cleared level lot.  Fantastic opportunity to build a total of 3 units in a neighborhood with new single family construction turning and more on the way.  Hit the ground running on this project that is ready to roll.  Build and enjoy the rental income while your investment appreciates.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1965

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2523293)

Price History

Date / Event Date Event Price
Mar 13, 2025 Price Decreased $999,900
↓ $99K (9%)
Price Decreased
Jan 29, 2025 Price Decreased $1,099,000
↓ $76K (6.5%)
Price Decreased
Dec 5, 2024 Listed $1,175,000
Listed
Exceptional Investment Opportunity: 3 Residential Units Just Minutes from Downtown Raleigh! This property offers a steady stream of income with a duplex and an ADU (Accessory Dwelling Unit), both fully occupied by tenants with leases in place until 5/1/25. The duplex units feature spacious, open-concept living areas on the first floor. The kitchens are beautifully designed with large islands, stainless steel appliances (refrigerators included), ceramic tile subway backsplashes, and sleek quartz countertops. A convenient half bath for guests and a one-car garage complete the main floor. Upstairs, each duplex unit offers three bedrooms, two full bathrooms, and a laundry closet in the hallway, with wood shelving in the closets for added storage. At the rear of the duplex is the ADU, which includes two bedrooms, one full bathroom, and a bright, open kitchen that flows into the living room with vaulted ceilings—creating a spacious and airy atmosphere. All units boast luxurious upgrades, including tile showers, stylish tile backsplashes, quartz countertops, high-end appliances, and modern fixtures. This is a prime opportunity to secure a well-maintained, income-generating property in a sought-after location. Additionally, you may qualify for up to $11,750 in lender credits with the use of our preferred lender. Don't miss out on this rare investment opportunity! (Some photos have been virtually staged)
Aug 3, 2023 Sold
Sold
Jul 24, 2023 Listed by Rich Realty Group $250,000
Listed by Rich Realty Group
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1995
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,198
  • Building Area: 1,198
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: GREEN VALLEY SUB
  • Land Acres: 0000000460
  • Standard Land Use Code: 8000
  • County Land Use Code: V
  • Legal Description 1: LO24 GREEN VALLEY SUB BM1959-315

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052811

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0017140
  • District: 16
  • Parcel: 1722.11-65-3594 0017140
  • Lot: 24
  • Municipality: ST MARY'S
  • Latitude: 35.7429
  • Longitude: -78.574

    Address

  • Full Address: 2824 Providence Rd
  • Address - House Number: 2824
  • Address - Street Name: Providence
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C038
  • 4-Digit Zip Code: 5210
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $49,050
  • Initial Tax Delinquent Year: 2018

    Market Valuation

  • Market Total Value: $45,000
  • Market Land Value: $45,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $45,000

    Sales

  • Current Sale Contract Date: Aug 01, 2023
  • Current Sale Recording Date: Aug 03, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 18, 2011
  • Previous Sale Contract Date: Mar 11, 2011
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southeast Raleigh


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5035 Kota Street, Raleigh, NC, 27610

$1,850 /mo

  • 3 Beds
  • 2 Baths
5035 Kota Street, Raleigh, NC, 27610 Listing by Pam Madigan
Unit for rent at 4908 Oolite Street, Raleigh, NC, 27610

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,982 ft²
4908 Oolite Street, Raleigh, NC, 27610 Listing by Lakshmi Nare Kosaraju
Unit for rent at 5011 Tura Street, Raleigh, NC, 27610

$2,075 /mo

  • 3 Beds
  • 2 Baths
5011 Tura Street, Raleigh, NC, 27610 Listing by Siva Gajjala


Frequently Asked Questions

When was property at 2824 Providence Road built and last sold?
The property at 2824 Providence Road was built in 1965 and last sold on Aug 1, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 2824 Providence Road is $0.
What are some comparable homes to 2824 Providence Road?
There are currently no comparable homes to 2824 Providence Road.