R-6 Residential Development
For Sale
$1,300,000
Pending
655-659 Sunnybrook Road, Raleigh, NC 27610
MULTI_FAMILY - Raleigh, NC
Property Size4,143 SF
Lot Size2.50 Acres
Days on Market238
Property Features for 655-659 Sunnybrook Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Basement, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 5
Parking features
Driveway
Basement
Finished
Subdivision
Not in a Subdivision
Standard status
Pending
APN
1723347789, 1723347694
Size
4,143 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lo1 Green NBC Health LLC Rcmb Bm2019-00954 Lo2 Green NBC Health LLC RCMB BM2019-00954
Tax Annual Amount
4866
Legal Description
Lo1 Green NBC Health LLC Rcmb Bm2019-00954 Lo2 Green NBC Health LLC RCMB BM2019-00954
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1952
Floors in Building
1
Number of units
1
Flooring type
Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Compass -- Raleigh
(919) 726-6548
Listed By:
Brent Henson · License #172086
(919) 272-3152
Added: Dec 9, 2025
Changed: Aug 4
Last Checked: Aug 4 at 3:06PM
MLS# 10136548
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.
This 2.5-acre residential development site is zoned R-6 and includes two currently rented houses, each with a basement. Public water and sewer are available to support future development. The property is also listed as land in MLS #10137510.
Located in Raleigh within the beltline and within the transit overlay district, the site is minutes from Wake Medical Hospital, 440, and Downtown Raleigh.
The existing improvements provide current income while the underlying value is positioned for redevelopment on the available land under the R-6 zoning designation.
Located in Raleigh within the beltline and within the transit overlay district, the site is minutes from Wake Medical Hospital, 440, and Downtown Raleigh.
The existing improvements provide current income while the underlying value is positioned for redevelopment on the available land under the R-6 zoning designation.
Key Highlights
- 2.5‑acre site zoned R‑6 within the beltline and transit overlay district
- Includes (2) rented houses on‑site, with each house having a basement
- Public water and sewer are available for the property
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 | $72.1k | $17.40 |
| − Vacancy | −$3.7k | −$0.90 |
| EGI | $68.3k | $16.50 |
| − OpEx | −$20.5k | −$4.95 |
| NOI | $47.8k | $11.55 |
4,143 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$683.4K
$598.0K – $797.3K
NOI $47,838 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $85,014 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 2.5-acre site zoned R-6 with public water and sewer, currently improved with two rented basement houses.
Where is this duplex located?
The property is located at 655-659 Sunnybrook Road Raleigh, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2.5‑acre site zoned R‑6 within the beltline and transit overlay district; Includes (2) rented houses on‑site, with each house having a basement; Public water and sewer are available for the property
