PARKSIDE FIVE POINTS – 41 UNITS IN RALEIGH
Sold 5/15/25 for $7,287,500 ($177,744/unit)
Deaton Investment Real Estate was the seller’s exclusive agent and the sole broker in the transaction.
Parkside Five Points offers spacious, town home-style apartments in Raleigh’s Five Points neighborhood. With convenient access to the Beltline, North Hills, and downtown Raleigh, these apartments enjoy a premier location nestled in a peaceful and quiet setting. The property is across from Raleigh’s Kiwanis Park, and within walking distance to numerous dining, shopping and entertainment options.
Originally built in 1968, units have been updated with new cabinets, counter tops, appliances, flooring, blinds, fixtures and more. Additionally, all roofs were replaced in 2015. The property offers covered picnic areas, modern grilling stations, a dog park and spacious grounds for leisure and community gardens.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 39 UNITS | 2 BD/1.5 BA | 1,120 SF | $1,630 MKT |
| 1 UNIT | 2 BD/1 BA | 1,200 SF | $1,580 MKT |
| 1 UNIT | 1 BD/1 BA | 900 SF | $1,300 MKT |
| 41 UNITS |
PROPERTY INFORMATION
| PIN | 1705917942 |
| Tax Value | $6,998,230 (2024) |
| Taxes | $61,599.63 (2024) |
| Lot Size | 4.17 ACRES |
| Year Built | 1968 |
| Exterior | WOOD, BRICK, T1-11 |
| Floors | HARDWOOD, TILE, LVT |
| Foundation | CRAWL |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | WATER IS SUBMETERED, ELECTRICITY INDIVIDUALLY METERED |
| Legal Description | LO1 PROP JOSLIN REALTY |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER AND DRYER |
| Sold Date | 2025-05-17 |
| Zoning | R-10 |
Agent Information Thomas T Furlow
Location Map
PARKSIDE FIVE POINTS – 41 UNITS IN RALEIGH