Historic Quadplex with Rear
For Sale
$1,100,000
1110 Glenwood Avenue, Raleigh, NC 27605
MULTI_FAMILY - Raleigh, NC
Property Size3,192 SF
Lot Size0.17 Acres
Price / SF$344.61
Days on Market32
Property Features for 1110 Glenwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-10
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 3, Basement, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 3
Parking
6
Parking features
Alley
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fan(s), Crown Molding, High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Smooth Ceilings, Soaking Tub
Exterior features
Balcony
Basement
Exterior Entry, Unfinished, Crawl Space
Appliances
Dishwasher, Dryer, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer Stacked
Subdivision
Glenwood Land
Elementary school
Wake - Partnership Elementary
Middle school
Wake - Oberlin Middle
High school
Wake - Needham Broughton High
Standard status
Active
APN
170414439925000 0022458
Size
3,192 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L8&9 Blk10 Glenwood Land Co Sub Bm1885-86
Tax Annual Amount
5778
Legal Description
L8&9 Blk10 Glenwood Land Co Sub Bm1885-86
Utilities
Sewer type
Public Sewer
Cooling system
Electric, Central Air, Multi Units
Water source
Public
Building Details
Year built
1932
Floors in Building
2
Number of units
4
Flooring type
Tile, Hardwood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Rich Realty Group
(919) 710-0256
Listed By:
Marshall Rich · License #189551
(919) 697-5320
Added: Jun 30
Changed: Jul 28
Last Checked: Jul 31 at 3:06AM
MLS# 10177293
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Originally constructed circa 1922, the historic Wallin-Trull House has been converted into a quadplex offering four income-producing apartments. A comprehensive renovation completed in 2023 updated kitchens, bathrooms, and mechanical systems while preserving the property’s historic character. The building includes three units currently occupied by long-term tenants and a fourth unit operated on a month-to-month basis.
The property is located at 1110 Glenwood Avenue in Raleigh, NC. It sits on a 0.17-acre lot and provides ample rear parking with alley access. The listing remarks note walkability to Five Points, Hayes Barton, Glenwood South, and Downtown Raleigh.
This configuration can fit investors seeking a small multifamily asset with a mix of long-term occupancy and a flexible month-to-month unit. It may also appeal to an owner-occupant looking to live in one unit while maintaining ongoing rental income from the remaining apartments. Zoning is listed as R-10, supporting the property’s residential income use.
The property is located at 1110 Glenwood Avenue in Raleigh, NC. It sits on a 0.17-acre lot and provides ample rear parking with alley access. The listing remarks note walkability to Five Points, Hayes Barton, Glenwood South, and Downtown Raleigh.
This configuration can fit investors seeking a small multifamily asset with a mix of long-term occupancy and a flexible month-to-month unit. It may also appeal to an owner-occupant looking to live in one unit while maintaining ongoing rental income from the remaining apartments. Zoning is listed as R-10, supporting the property’s residential income use.
Key Highlights
- Historic Wallin‑Trull House built in 1932; originally constructed circa 1922 and later converted to four income‑producing apartments
- 2023 renovation with updated kitchens, bathrooms, and mechanical systems while preserving historic character
- Flexible income setup: three units with long‑term tenants plus one month‑to‑month Airbnb unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $17.40 |
| − Vacancy | −$3.4k | −$1.07 |
| EGI | $52.1k | $16.33 |
| − OpEx | −$15.6k | −$4.90 |
| NOI | $36.5k | $11.43 |
3,192 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$464.3K
$406.3K – $541.7K
NOI $32,501 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$877.2K
$767.6K – $1.02M
NOI $61,406 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,491
Businesses Nearby
Explore this area
Business Placement
Demographics for 27605, NC
6,409
Population
4,377
Households
1.5
Avg Household Size
33
Median Age
73%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$63,267
Median Household Income
$47,765
Median Earnings
$1,577
Median Rent
$440,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated apartments with alley-access parking, including three long-term tenants and one month-to-month unit.
Where is this quadplex located?
The property is located at 1110 Glenwood Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Historic Wallin‑Trull House built in 1932; originally constructed circa 1922 and later converted to four income‑producing apartments; 2023 renovation with updated kitchens, bathrooms, and mechanical systems while preserving historic character; Flexible income setup: three units with long‑term tenants plus one month‑to‑month Airbnb unit
