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    708 Ellington St Raleigh, NC 27601

    New
    For Sale
    $2,000,000

    MULTI_FAMILY - Raleigh, NC

    Type:Apartment
    Property size:
    8,252 SF
    Lot size:
    0.42 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 2:06 am

    Property Features for 708 Ellington St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Apartment
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RX-3
    Rooms
    Bedroom 8, Bedroom 10, Bedroom 21, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 18, Bathroom 2, Bedroom 17, Bedroom 13, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 7, Bedroom 22, Bedroom 20, Bathroom 8, Bedroom 23, Bedroom 12, Bedroom 16, Bedroom 7, Bedroom 4, Bedroom 19, Bedroom 24, Bathroom 5, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bedroom 3
    Bedrooms
    24
    Bathrooms
    8
    APN
    170351852990
    Parking features
    Parking Lot
    Size
    8,252 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Separate Meters
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Laminate, Carpet
    Building materials
    Brick
    Roof type
    Shingle

    Keaton Barrow Realty (919) 571-9973 [email protected]

    Listing agent Michelle Keaton-Barrow (919) 271-8241

    Listing date Dec 8, 2025

    MLS# 10136307 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 Multifamily Investment Opportunity

    This multifamily property, located in Raleigh, North Carolina, features eight units, each with three bedrooms and one bathroom. Situated in a sought-after zip code, the property is within walking distance of downtown Raleigh's restaurants and entertainment venues. Its location provides convenient access to shopping in the Village, the 440 area, Midtown Raleigh, and the inner beltline. Several educational institutions, including NCSU, William Peace, and Meredith Colleges, are located within minutes of the property. North Hills is approximately ten minutes away. The lot size is 0.42 acres. The property contains 8,252 square feet. The zoning is RX-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.634931
    Latitude
    35.771434

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in a desirable Raleigh location near downtown.
    Where is this apartment building located?
    The property is located at 708 Ellington St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Eight 3-bedroom, 1-bath units in a single property.; - Located in a high-demand zip code in Raleigh.; - Walking distance to **downtown Raleigh restaurants and entertainment.**
    (919) 271-8241
    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
    708 Ellington St Raleigh, NC 27601
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