Under Contract

1823-1825 Arlington Street

Raleigh NC, 27608

$795,000


$297.75 per sqft

Under Contract

2,670 sqft

Multi-family

Built in 1947

Listing courtesy of Ivey Residential

Ideally located duplex in Hayes Barton. Many updates/improvements have been made over the last few years. There is a 600 SqFt daylight basement on each side for possible renovations… once finished, it would meaningfully increase the rental income. Great investment property that also has the option to be turned into a 5 bedroom single family home w/ a down stairs master. Several properties on the street and near by have been turned from duplexes into great SF homes like the property to the left that originally had very similar floor plans to this gem (see sketches in Docs).Some updates to highlight: HVACs replace (1823 - 2023 and 1825 - 2019), 2020 replaced all exterior rake and facia trim, Installed “on demand” gas water heaters in 2018, all windows have been replaced. Note 1825 has been painted and is ready to rent out but was left vacant so new owner can renovate the property however they would like or pick the rent rate. 1823 (left side) has a lease in place until Jan 31, 2024 but is willing to move out sooner if moving costs are covered. Both units will be open 1:30-3pm on Friday, July 21

2522051

MLS ID

July 18, 2023

Listed

October 7, 2023

Updated

Map

1823-1825 Arlington Street
Raleigh NC, 27608

Interior Features

Interior Features

1 Bath, 2 Bedroom, Dining Room, Extra Storage, Kitchen, Living Room


Appliances

Dishwasher, Disposal, Range/Oven, Refrigerator


Laundry Description

W/D Connection


Floor Description

Hardwood, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.24 acres


Exterior Features

Deck, Patio


Sewer

City Sewer

Other Property Details

Taxes

$5,124


Tax Frequency

Annually


Days on Market

80


Garage

No


Parking

1 space/Unit


View

No


County

Wake


Water Source

City Water


Pool

No

Listing History

Date

Event

Price

10/7/2023

Under Contract

9/21/2023

Price Change

$795,000

-7%

8/21/2023

Price Change

$850,000

-3%

7/31/2023

Price Change

$875,000

-3%

Listed by Reef IV, Ivey Residential.

Based on information from Triangle MLS, Inc. as of 10/7/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify y any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2023 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated 6:13 PM UTC, 10/7/2023

 

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