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    206 Ashe Ave Raleigh, NC 27605

    For Sale
    $1,295,000

    MULTI_FAMILY - Raleigh, NC

    Type:Single Family Residence
    Property size:
    2,610 SF
    Lot size:
    0.17 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 206 Ashe Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    6
    Bathrooms
    2
    APN
    170305191740000 0038433
    Parking
    8
    Parking features
    Off Street, Parking Lot, Open, Garage, Oversize
    Patio and Porch features
    Porch
    Interior features
    Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, Pantry, Primary Downstairs, Smooth Ceilings, Stone Counters, Storage
    Exterior features
    Permeable Paving, Private Entrance, Private Yard, Rain Gutters, Storage
    Basement
    Full, Storage Space, Unfinished
    Appliances
    Built-In Electric Range, Built-In Range, Dishwasher, Dryer, Free-Standing Refrigerator, Gas Water Heater, Ice Maker, Induction Cooktop, Oven, Plumbed For Ice Maker, Refrigerator, Washer, Washer/Dryer, Water Heater
    Size
    2,610 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Gas (Cooling), Central Air
    Water source
    Public

    Building Details

    Year built
    1901
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood, Tile
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Additional Structures
    Storage

    Citygate Real Estate Services (919) 522-2901 [email protected]

    Listing agent Doro Taylor (919) 868-6399

    Listing date Nov 28, 2025

    MLS# 10135162 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Raleigh Multi-Family Student Rental

    This multi-family property is located in Raleigh, North Carolina. The property features original hardwood floors and contains 6 bedrooms. It is located within walking distance of NCSU and nearby amenities. The property generates an income of $6500 per month, with leases extending until July of the 2027 school year, at which point the income will be $6750. The lot size is 0.17 acres, and the property size is 2610 square feet. There is an easement that allows the neighbor to use the shared driveway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.658973
    Latitude
    35.781976

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    FAQs

    What type of property is this?
    Single family property - Cash-flowing NCSU student rental with leases until July 2027.
    Where is this single family property located?
    The property is located at 206 Ashe Ave Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - High cash flow student rental property with $6500/month income, increasing to $6750/month in July 2027.; - Prime location: **Walking distance to NCSU and nearby amenities.**; - Six large bedrooms, ideal for student housing.
    (919) 868-6399
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Ashe Ave Raleigh, NC 27605
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