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Homesite in Downtown South District
For Sale
$250,000
Pending

1618 Ellen Dawson Way, Raleigh, NC 27603

Homesite in growing Downtown South, minutes from Downtown Raleigh.

Property Size2,000 SF
Days on Market163

Property Features for 1618 Ellen Dawson Way

General Information

Standard status Pending
Size 2,000 SF
Property subtype Land / Unimproved Land

Taxes and HOA fees

Annual Taxes $2,500

Amenities

Roof Deck
Listing Agency: Cityspace Management
Listed By: Richard Johnson · License #221471
Source: Compass
Added: May 9 Changed: Oct 15 Last Checked: Oct 16 at 10:53AM

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 Cityspace Management

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Investment Insights

Based on property information with market context.

This homesite is located in Caraleigh Commons, in the Downtown South District, minutes from Downtown Raleigh, the NC Farmers Market, and Dix Park. The community includes rooftop decks with skyline views, adjacency to protected woodlands, and direct access to the greenway trail system. The site is suitable for homes up to 2000 sqft. Buyers may bring their own custom design or select from a portfolio of over 50 custom designed home plans. One example is the Corner Shop 3 plan, a 3-bedroom, 2.5-bath home offering approximately 1,576 square feet and a rooftop deck. The lot comes with water and sewer taps, underground electric and cable, curb and gutter, driveway apron, and completed grading. A FEMA Letter of Map Revision is available, confirming the engineered structural fill places the lot above the floodplain. This is one of the last remaining opportunities to build a single-family home in Downtown South, an area rapidly emerging as the core of Raleigh's next generation of downtown living.

Key Highlights

  • Last remaining opportunity to build a single‑family home in the rapidly developing Downtown South district.
  • Prime location: Minutes from Downtown Raleigh, NC Farmers Market, and Dix Park.
  • Key infrastructure already in place: water/sewer taps, underground electric/cable, curb/gutter, driveway apron, and completed grading.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Electrical Service Skin Care Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

100
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Homesite in growing Downtown South, minutes from Downtown Raleigh.
Where is this residential land & home lot located?
The property is located at 1618 Ellen Dawson Way Raleigh, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Last remaining opportunity to build a single‑family home in the rapidly developing Downtown South district.; Prime location: Minutes from Downtown Raleigh, NC Farmers Market, and Dix Park.; Key infrastructure already in place: water/sewer taps, underground electric/cable, curb/gutter, driveway apron, and completed grading.
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