Property profile

1254 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Residential income homes
Property ID
US53-1765928
1,033 SF 0.17 ac lot Built 1940
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1940
Construction FRAME
Total area 1,033 SF
Lot 0.17 ac (7,405 SF)
Zoning code RX-3
APN 1713.06-28-9860 0043071
UPID US53-1765928

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1254 New Bern Ave Raleigh, NC 27610-2530
Raleigh metro Census 50700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
Last sale
$179,000
7 recorded transactions
2022
$255,000
2020
$179,000
2017
Price N/A
2016
$72,000
2015
$74,000
2001
Price N/A
1969
Price N/A

Zoning & alternative use

RX-3 · Raleigh, NC
Zoning description

RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in excess of 10dwelling units per acre

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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