123 Park Ave, Raleigh, NC 27605

Building Details

Year Built

1901

Listing office i***@maverickpartners.com Show Phone

Listing date Jun 25, 2026

Source Maverickpartners

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Ian Niedel

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Overview

This offering consists of 3 residential units across two separate structures. 123 Park Ave contains 2,304 square feet configured with 6 beds and 3.5 baths. 1306 Flint Pl offers 1,412 square feet with 3 beds and 2 baths. The property includes laundry facilities in both buildings. Public remarks also note 100% occupancy and a continuous rental history.

The location is described as being near NCSU and Pullen Park. The parcel includes 2 structures, and virtual tours are available for both buildings via Matterport links.

For investors or operators seeking a small student housing portfolio, the current unit mix provides a straightforward way to manage multiple bed-and-bath configurations under one ownership. The property is zoned R-10, and the remarks indicate potential for future redevelopment. Buyers should review the existing layouts and unit count, along with the available virtual tours, to confirm fit for their operating plan.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Location Insight

• Map
• Local Demand

City

Raleigh

County

Wake

State

North Carolina

Longitude

-78.6585555

Latitude

35.7825671

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FAQs

What type of property is this?

Multifamily property - Two-building setup offers three residential units with on-site laundry in both buildings and a recent continuous occupancy record.

Where is this multifamily property located?

The property is located at 123 Park Ave Raleigh, NC.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Two‑building, 3‑unit setup with 100% occupancy and a continuous rental history; 123 Park Ave: 2,304 SF with 6 beds and 3.5 baths; 1306 Flint Pl: 1,412 SF with 3 beds and 2 baths