HISTORIC OAKWOOD DUPLEX – RALEIGH, NC

Price:

$560,000

Status:

Under Contract

Address:

536 E Jones St, Raleigh, NC 27601, USA

Overview:

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

UnitTypeSizeLeaseRent
UNIT A1BD/1BA 766 SF3/31/2024$1,250
UNIT B1BD/1BA766 SF2/15/2024$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 Owner Financing NONE
Utilities TENANTS PAY UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER
Legal Description 536 E JONES STREET Zoning R-10