13-Unit Apartment
3021 - 3035 Medlin Drive, Raleigh, NC 27607
For Sale
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Two apartment buildings and a garage occupy a pair of parcels in Raleigh’s Sunset Hills area.
Property SizeContact for details
Lot Size1.53 Acres
Days on Market37
Property Features for 3021 - 3035 Medlin Drive
General Information
Standard status
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Buildings
Listing Agency:
Rich Realty Group
Listed By:
DAVID MANG · License NC #288282
(919) 757-3652
Source:
Crexi
Added: Oct 8
Changed: Nov 10
Last Checked: Nov 12 at 8:03AM
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 Rich Realty Group
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Investment Insights
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This 13-unit multifamily property spans approximately 1.53 acres across two parcels, with two apartment buildings and a garage. The building at 3021 Medlin Drive contains nine two-bedroom, two-bathroom apartments; the second building adds four rental units.
A preliminary subdivision plan depicts a potential layout of up to six single-family or duplex lots as an alternative to the existing apartment use. The property is located in Raleigh’s Sunset Hills area at 3021–3035 Medlin Drive.
A preliminary subdivision plan depicts a potential layout of up to six single-family or duplex lots as an alternative to the existing apartment use. The property is located in Raleigh’s Sunset Hills area at 3021–3035 Medlin Drive.
Key Highlights
- 13 rental units across two apartment buildings
- Approximately 1.53 acres on two parcels
- Nine apartments have two bedrooms and two bathrooms
Property Analytics
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Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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Business Placement
Demographics for 27607, NC
27,182
Population
10,698
Households
2.5
Avg Household Size
27
Median Age
71%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,562
Density / Sq Mi
$95,216
Median Household Income
$49,365
Median Earnings
$1,529
Median Rent
$639,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment buildings and a garage occupy a pair of parcels in Raleigh’s Sunset Hills area.
Where is this apartment building located?
The property is located at 3021 - 3035 Medlin Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 13 rental units across two apartment buildings; Approximately 1.53 acres on two parcels; Nine apartments have two bedrooms and two bathrooms
