850 Athens Drive, Raleigh, NC 27606

Raleigh
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
850 Athens Drive,Raleigh, NC 27606
$599,000
  • 8 Beds
  • 3 Baths
  • 2,727 sq. ft.
  • Multi-family
  • Pending
Listed by: george patrick iii
Office: berkshire hathaway homeservice
MLS#:10168019
Source:RD

Price summary

  • Price:$599,000
  • Price per sq. ft.:$219.66

About this home

Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!

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Home facts

  • Year built:1965
  • Listing ID #:10168019
  • Added:52 day(s) ago
  • Updated:July 10, 2026 at 09:04 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:8
  • Flooring:Hardwood, Tile
  • Kitchen Description:Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
  • Living area:2,727 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Electric, Radiant Floor

Structure and exterior

  • Roof:Shingle
  • Year built:1965
  • Building area:2,727 sq. ft.
  • Lot area:0.55 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Levels:One

Schools

  • High school:Wake - Athens Drive High
  • Middle school:Wake - Martin Middle
  • Elementary school:Wake - Farmington Woods Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$219.66
  • Tax amount:$3,768
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