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About This Home
This 8-bedroom, 3-bathroom residential multi family at 850 Athens Drive in Raleigh, NC is listed for $659,000 ($242 per sqft). Built in 1965, the home offers 2,727 sqft of living space on a 0.55 acres lot.
Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month.
Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!
Key Features
- Built in 1965
- 0.55 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,524/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
850 Athens Drive
Raleigh, NC 27606
Not in a Subdivision
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 3-bathroom residential multi family at 850 Athens Drive is listed at $659,000 ($242/sqft). The estimated monthly payment is $2,856 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.55 acre lot.
This property is listed by George Patrick III and can be reached at 9192787420 or george@georgepatrick.net.
