Land Near Five
For Sale
$1,550,000
Pending
518 E Whitaker Mill, Raleigh, NC 27608
Land approved for 9-unit residential development near Five Points.
Property SizeContact for details
Lot Size0.67 Acres
Days on Market191
Property Features for 518 E Whitaker Mill
General Information
Standard status
Pending
Lot size
0.67 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$11,734
Amenities
City Lot
Listing Agency:
LONG & FOSTER REAL ESTATE INC/RALEIGH
(919) 872-4450
Listed By:
BRAD PHELPS · License #225568
Source:
Corcoran
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 8 at 4:32AM
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 LONG & FOSTER REAL ESTATE INC/RALEIGH
Investment Insights
Based on property information with market context.
Two parcels are offered together, presenting an opportunity for multifamily residential development. The location is near the Five Points neighborhood. A site plan has been approved for a 9-unit residential development. The seller has completed the site permit review process with the City of Raleigh. Existing structures are present on the property and will convey in their current condition. One of the properties is tenant-occupied.
Key Highlights
- Prime location near Five Points
- Approved site plan for a 9‑unit residential development, perfect for multifamily development
- Two parcels offered together
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 27608, NC
12,018
Population
5,589
Households
2.2
Avg Household Size
40
Median Age
82%
College-Educated
98%
High-School Grad
3.5 sq mi
ZIP Area
3,434
Density / Sq Mi
$155,433
Median Household Income
$89,190
Median Earnings
$1,487
Median Rent
$911,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land approved for 9-unit residential development near Five Points.
Where is this residential land & home lot located?
The property is located at 518 E Whitaker Mill Raleigh, NC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime location near Five Points; Approved site plan for a 9‑unit residential development, perfect for multifamily development; Two parcels offered together
