Three-Unit Residential
For Sale
$1,150,000
725 W Morgan Street, Raleigh, NC 27603
The property is configured with three residential units and rear gravel parking.
Property SizeContact for details
Days on Market28
Property Features for 725 W Morgan Street
General Information
Standard status
Active
Property subtype
Multifamily Investment/Redevelopment Opportunity
Lease Term
$1,150,000
Building Details
Year Built
1920
Listed By:
Ryan Gaylord, CCIM, SIOR
(919) 491-8722
Source:
Triprop
Added: Aug 8
Changed: Aug 26
Last Checked: Sep 2 at 4:53PM
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 Ryan Gaylord, CCIM, SIOR
Investment Insights
Based on property information with market context.
Located at 725 W Morgan Street in Raleigh, this 1920 property is currently arranged as three residential units. The site includes gravel parking behind the building, with access provided through a perpetual 9' easement across the neighboring property.
The property is near Glenwood South, Boylan Heights, Downtown Raleigh, and Dorothea Dix Park. Its zoning supports office and residential mixed-use applications. An unused rear section of the site is also included, providing additional area for future development considerations.
The property is near Glenwood South, Boylan Heights, Downtown Raleigh, and Dorothea Dix Park. Its zoning supports office and residential mixed-use applications. An unused rear section of the site is also included, providing additional area for future development considerations.
Key Highlights
- Three residential units in the current configuration
- 1920 year built
- Rear gravel parking area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 27603, NC
54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
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?
Triplex - The property is configured with three residential units and rear gravel parking.
Where is this triplex located?
The property is located at 725 W Morgan Street Raleigh, NC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three residential units in the current configuration; 1920 year built; Rear gravel parking area
