Mixed-Use Multi-Family Development
For Sale
$1,800,000
407 & 411 N Boylan, Raleigh, NC 27603
Two adjacent parcels with three existing dwellings, zoned OX-3, supporting mixed-use development up to three stories.
Property Size4,492 SF
Lot Size0.26 Acres
Price / SF$400.71
Days on Market108
Property Features for 407 & 411 N Boylan
General Information
Standard status
Active
Size
4,492 SF
Lot size
0.26 Acres
Property subtype
Commercial
Zoning
OX-3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1910
Listing Agency:
COMPASS -- RALEIGH
(919) 726-6548
Listed By:
MARTIN VERDI · License #335125
Source:
Corcoran
Added: Apr 14
Changed: Jul 21
Last Checked: Jul 30 at 8:14AM
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 COMPASS -- RALEIGH
Investment Insights
Based on property information with market context.
This for-sale development and renovation opportunity consists of two adjacent parcels being sold together, with three existing dwellings in place. The combined site totals approximately 0.26 acres across the two lots and is currently configured as residential income housing, with development potential subject to applicable approvals.
The property is located in Glenwood South in the heart of Downtown Raleigh and is described as having high-visibility placement with walkable access to dining, nightlife, and entertainment. Zoned OX-3 (mixed-use, residential with business use), the site supports a range of mixed-use development scenarios. Under current zoning, the maximum building height is 3 stories. The NCOD overlay applies, including restrictions related to roof pitch, setbacks, and similar design standards. Rezoning is possible and may allow for higher density or additional stories, subject to City of Raleigh approval. Utilities are available, and all development potential will require final review and approval by surveyors, engineers, and the City.
The property is located in Glenwood South in the heart of Downtown Raleigh and is described as having high-visibility placement with walkable access to dining, nightlife, and entertainment. Zoned OX-3 (mixed-use, residential with business use), the site supports a range of mixed-use development scenarios. Under current zoning, the maximum building height is 3 stories. The NCOD overlay applies, including restrictions related to roof pitch, setbacks, and similar design standards. Rezoning is possible and may allow for higher density or additional stories, subject to City of Raleigh approval. Utilities are available, and all development potential will require final review and approval by surveyors, engineers, and the City.
Key Highlights
- Two adjacent parcels at 407 & 411 N. Boylan Ave sold together as one listing, totaling 0.26 acres (0.13 acres each).
- Contains three existing dwellings on the two lots, totaling approx. 4,492 SF.
- Zoned OX‑3, supporting mixed‑use development including residential and business uses (detached SF, townhomes, condos/apartments, retail, office, or mixed‑use).
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,537
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 - Two adjacent parcels with three existing dwellings, zoned OX-3, supporting mixed-use development up to three stories.
Where is this triplex located?
The property is located at 407 & 411 N Boylan Raleigh, NC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two adjacent parcels at 407 & 411 N. Boylan Ave sold together as one listing, totaling 0.26 acres (0.13 acres each).; Contains three existing dwellings on the two lots, totaling approx. 4,492 SF.; Zoned OX‑3, supporting mixed‑use development including residential and business uses (detached SF, townhomes, condos/apartments, retail, office, or mixed‑use).
