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    5406 Merritt St Raleigh, NC 27606

    Pending
    For Sale
    $300,000

    LAND - Raleigh, NC

    Lot size:
    0.28 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 5406 Merritt St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Partially Wooded
    Zoning
    R-6
    APN
    0784333854
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Pinnacle Group Realty (919) 233-9700 [email protected]

    Listing agent Judy Thanhauser (919) 244-5572

    Listing date Oct 9, 2025

    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 Land Opportunity

    This property in Raleigh, North Carolina, features a bungalow-style home on a 0.28-acre lot. The property is located in Westover, offering access to 440, the Lenovo Center, and the NC State Fairgrounds. The existing home includes a family room, dining room, and an updated kitchen, along with two bedrooms and two full baths. Zoned R-6, the lot presents an opportunity for building a new home.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.718941
    Latitude
    35.793528

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    FAQs

    What type of property is this?
    Single family property - Land available in Raleigh, close to amenities and transportation.
    Where is this single family property located?
    The property is located at 5406 Merritt St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Prime location with excellent access to major routes (440), the Lenovo Center, and the NC State Fairgrounds.; - Opportunity to build a new dream home on the .28 acre lot.; - **Updated kitchen.**
    (919) 244-5572
    Request Owner's contact information
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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
    5406 Merritt St Raleigh, NC 27606
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