700 Glascock Street, Raleigh, NC 27604

Raleigh
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
700 Glascock Street,Raleigh, NC 27604
$625,000
  • 8 Beds
  • 2 Baths
  • 1,777 sq. ft.
  • Multi-family
  • Active
Listed by: lizzie bender
Office: compass -- cary
MLS#:10174326
Source:RD

Price summary

  • Price:$625,000
  • Price per sq. ft.:$351.72

About this home

Exceptional opportunity to acquire a cash-flowing asset in one of Raleigh's most desirable and rapidly evolving urban neighborhoods. Located at 700 Glascock Street, this income-producing property sits on a highly visible corner lot comprising approximately 0.22 acres and offers investors immediate returns alongside compelling long-term redevelopment potential. The property is zoned R-10 and positioned within one of Raleigh's most active redevelopment corridors. Surrounded by luxury new construction and high-end infill development, the site is ideally situated to benefit from continued neighborhood growth and increasing land values. Currently operating as an 8-room income-producing property generating approximately $62,700 in annual gross income ($5,225/month), the asset benefits from strong rental demand and flexible month-to-month occupancy agreements. The property has been well maintained and improved, with major updates already completed, including a new roof in 2023; HVAC systems...

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Home facts

  • Year built:1950
  • Subdivision & Development:Capitol Heights
  • Listing ID #:10174326
  • Added:46 day(s) ago
  • Updated:August 02, 2026 at 03:18 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Luxury Vinyl, Tile, Wood
  • Kitchen Description:Electric Range, Refrigerator, Washer/Dryer
  • Basement:Yes
  • Basement Description:Crawl Space, Unfinished
  • Living area:1,777 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1950
  • Building area:1,777 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner
  • Levels:One

Schools

  • High school:Wake - William G Enloe High
  • Middle school:Wake - Ligon Middle
  • Elementary school:Wake - Conn Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$625,000
  • Price per sq. ft.:$351.72
  • Tax amount:$4,259

Features and amenities

  • Laundry features:Common Area
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