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Financial
Distress signals
Property profile

708 Ellington St Raleigh, NC 27601

OFF-MARKET
Garden apartment buildings
Property ID
US53-1480158
8,252 SF 0.42 ac lot Built 1988
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

In Raleigh, North Carolina, this multifamily property comprises eight residential units. Each unit is configured with three bedrooms and one bathroom. The property sits on a 0.42-acre lot and includes 8,252 square feet of building area. It is zoned RX-3 and is located within the Raleigh area with nearby access to shopping districts and educational institutions, including NCSU, William Peace, and Meredith Colleges, with North Hills approximately ten minutes away.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$875k
Assessed land$63k
Assessed improvement$812k
Effective rate1.11%

Value estimate

· Oct 2026
$625k
$563k – $688k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,690/SF
Submarket average, outlier-cleaned · 110 recorded sales of this use type
Observed band · Q1–Q3$202 – $3,292
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RX-3
RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in exc...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.4
Laundry Service9.7
Watch Repair Shop8.8

Location

708 Ellington St Raleigh, NC 27601-2300
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1200 Person, Raleigh, NC 27601-2653 $418,000 Dec 2025 17,342 SF
801 New Bern, Raleigh, NC 27601-1657 $489,000 Oct 2024 6,380 SF
581 Lenoir, Raleigh, NC 27601-2486 $954,500 Jun 2021 9,300 SF
1107 Garner, Raleigh, NC 27601-2763 $2,675,000 May 2021 1,792 SF
909 Davie, Raleigh, NC 27601-1655 $635,000 Feb 2020 4,698 SF
200 Edenton, Raleigh, NC 27601-1069 $2,700,000 Oct 2019 10,219 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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