3-Unit Multifamily
For Sale
$1,400,000
123 Park Ave, Raleigh, NC 27605
Two-building setup offers three residential units with on-site laundry in both buildings and a recent continuous occupancy record.
Property Size3,716 SF
Price / SF$376.75
Days on Market50
Property Features for 123 Park Ave
General Information
Standard status
Active
Size
3,716 SF
Property subtype
Student Housing
Zoning
R-10
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1901
Tenancy
Multi
Listing Agency:
(919) 349-9021
Listed By:
Ian Niedel
(919) 349-9021
Source:
Maverickpartners
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 13 at 4:15AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 27605, NC
6,409
Population
4,377
Households
1.5
Avg Household Size
33
Median Age
73%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$63,267
Median Household Income
$47,765
Median Earnings
$1,577
Median Rent
$440,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
