HISTORIC OAKWOOD DUPLEX – RALEIGH, NC
CLOSED 5/2/2023 FOR $595,000
$297,500 per unit
This duplex represents a rare opportunity to acquire an investment property in one of Raleigh’s most iconic neighborhoods. Located in Historic Oakwood in Downtown Raleigh, the property features two, one-bedroom, one-bathroom units. Originally built in 1920, this duplex provides comfortable living spaces for tenants, while the prime location in Oakwood offers easy access to the city’s top dining, shopping, and entertainment destinations in Raleigh’s urban core. This property is the perfect blend of vintage charm and modernized finishes, boasting original hardwood floors and milwork combined with updates to the bathrooms and kitchens that include granite counter tops and stainless steel appliances. Tenants pay all utilities as it is individually metered for water, gas, and electric.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| UNIT A | 1BD/1BA | 766 SF | $1,250 |
| UNIT B | 1BD/1BA | 766 SF | $1,450 |
| 2 UNITS TOTAL | 1,532 TOTAL SF | $2,700 GROSS MONTHLY RENT |
PROPERTY INFORMATION
| PIN | 1703996669 |
| Tax Value | $385,636 |
| Taxes | $3,944.57 |
| Lot Size | 0.17 ACRES |
| Year Built | 1920 |
| Exterior | WOOD |
| Floors | HARDWOOD, TILE |
| Foundation | CRAWL |
| HVAC | WINDOW A/C; CENTRAL GAS FORCED HEAT |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | 536 E JONES STREET |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER |
| Zoning | R-10 |
Agent Information Thomas T Furlow
Location Map
HISTORIC OAKWOOD DUPLEX – RALEIGH, NC
