Duplex with Covered
New
For Sale
$419,000
3300 Atlantic Avenue, Raleigh, NC 27604
Residential Income, Raleigh, NC
Property Size2,225 SF
Lot Size0.36 Acres
Price / SF$188.31
Days on Market1
Property Features for 3300 Atlantic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 3, Bathroom 1, Dining Room, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Granite Counters, Kitchen/Dining Room Combination
Exterior features
Storage
Appliances
Free-Standing Refrigerator, Range
Subdivision
Brentwood Estates
Lot features
Back Yard
Elementary school
Wake - Brentwood Elementary
Middle school
Wake - Centennial Campus Middle
High school
Wake - Southeast Raleigh High
Standard status
Active
APN
171511752909000 0073018
Size
2,225 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo24 Brentwood Ests Bl111
Tax Annual Amount
2914
Legal Description
Lo24 Brentwood Ests Bl111
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
granite countertops
tile flooring
hardwood floors
covered rear porch/patio
storage shed
washer/dryer hookups
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Tile
Building materials
Brick Veneer, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Advantage · Coldwell Banker Real Estate
(919) 847-2222
Listed By:
Melissa Gordon
(919) 614-6878
Added: Oct 14
Last Checked: Oct 14 at 9:06PM
MLS# 10198329
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1968 duplex at 3300 Atlantic Avenue in Raleigh contains 2,225 square feet across two residences on a 0.36-acre parcel. Each unit has two bedrooms, one full bathroom and one half bathroom. Kitchen finishes include granite counters and tile flooring, with hardwood floors upstairs. Both sides also have a covered rear porch, a storage room with washer and dryer hookups, and driveway parking. A backyard and storage shed are additional site features. The property is served by public water and sewer and is zoned R-6.
One unit is occupied by long-term tenants. The property is along the Atlantic Avenue corridor, north of the Beltline and near the Iron Works development area.
One unit is occupied by long-term tenants. The property is along the Atlantic Avenue corridor, north of the Beltline and near the Iron Works development area.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 bathrooms
- 2,225 square feet on a 0.36‑acre lot
- R‑6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,428
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,560
$508.6K
Cap Rate 7%
$363,257
$363.3K
Cap Rate 9%
$282,533
$282.5K
Market Conditions
NOI Build-Up for 2,225 SF
Gross rent
$38.7K $17.40/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$36.3K $16.33/SF
− OpEx
−$10.9K −$4.90/SF
NOI
$25.4K $11.43/SF
Area
Raleigh, NC
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,560
Cap Rate 7%
$363,257
Cap Rate 9%
$282,533
Alternative Uses
Best Use
Multifamily LT 5
$363.3K
$317.9K – $423.8K
NOI $25,428 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$323.6K
$283.2K – $377.6K
NOI $22,655 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$611.5K
$535.0K – $713.4K
NOI $42,803 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 27604, NC
46,076
Population
20,828
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
89%
High-School Grad
19.1 sq mi
ZIP Area
2,412
Density / Sq Mi
$72,793
Median Household Income
$44,471
Median Earnings
$1,386
Median Rent
$293,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, and both units include separate storage rooms with washer and dryer hookups.
Where is this duplex located?
The property is located at 3300 Atlantic Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 bathrooms; 2,225 square feet on a 0.36‑acre lot; R‑6 zoning
