Last Sold Price
1228 Gorman St, Raleigh, NC 27606

Description

Located across from the McKimmon Center at NC State, this fully-leased triplex benefits from strong rental demand. All three units are attractive, 2 BD/1.5 BA floorplans. Two of the units have been renovated. The most recent lease was signed at the market rate of $1150/mo, unit A, expires 7/31/18. Unit B, $990, expires 1/31/18. Unit C (not renovated), $1000, expires 9/30/17. Tenants pay all utilities. Do not contact showing service for showings.Located across from the McKimmon Center at NC State, this fully-leased triplex benefits from strong rental demand. All three units are attractive, 2 BD/1.5 BA floorplans. Two of the units have been renovated. The most recent lease was signed at the market rate of $1150/mo, unit A, expires 7/31/18. Unit B, $990, expires 1/31/18. Unit C (not renovated), $1000, expires 9/30/17. Tenants pay all utilities. Do not contact showing service for showings.
LISTING CLOSED: 09/28/2017 12:00 AM

  1. Listed by Thomas Furlow • Deaton Investment Real Estate
  2. Listed by Stephen Deaton • Deaton Investment Real Estate

Property Details for 1228 Gorman Street

Status
MLS #
2144685
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Triplex
Year Built
1982
Lot Size
-
View
Yes
Subdivision
Not in a Subdivision

Recent comparable sales

Median sold price

$451,500

Avg days on market

74

Sale-to-list ratio

82.1%

[Raleigh, NC]

9 comparable properties found

$450,000 | 3809 Burt Drive, Raleigh, NC 27606
1/2
1

$450,000

Sold 08/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.44
Acres
$349,000 | 1208 Gorman Street, Raleigh, NC 27606
1/19
2

$349,000

Sold 10/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.37
Acres
a view of a glass door with window
1/24
3

$1,000,000

Sold 04/17/26

Unavailable
Bedrooms
Unavailable
Bathrooms
4,434
Square Feet
0.28
Acres
$2,375,000 | 5306 Western Boulevard, Unit 101 102 103 104 105 106, Raleigh, NC 27606
1/61
4

$2,375,000

Sold 11/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
a view of a city
1/13
5

$446,250

Sold 10/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.16
Acres
$451,500 | 1217 Oberlin Road, Raleigh, NC 27608
1/17
6

$451,500

Sold 10/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.3
Acres
a front view of a house with a garden
1/7
7

$500,000

Sold 04/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,970
Square Feet
0.49
Acres
a view of a house with a tree in front of it
1/7
8

$300,000

Sold 04/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,363
Square Feet
0.43
Acres
$565,000 | 2702 North Mayview Road, Raleigh, NC 27607
1/15
9

$565,000

Sold 08/20/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.22
Acres

Location

Listing Courtesy of Deaton Investment Real Estate

Sold By Raleigh Investment Real Estate

Add your commute

Building Information for 1228 Gorman Street

Stories-Residences3Year Built1982Building Size-Lot Size-

Payment Calculator

$2,570 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,109

Property Taxes

$461

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1228 Gorman Street

Summary
Location and General Information
  • Directions: From Western Blvd., go south on Gorman Street and the triplex will be on your right before you get to Marcom.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.78083
  • Longitude: -78.68756
Taxes and HOA Information
  • FIPS Code: 37183
  • Lot Number: 0
  • Tax Rate: 1.04
Contract Information
  • Lease Expiration Date: 2017-09-30
  • Original Listing ID: 2144685
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Parking Features: Off Street
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 0.0
  • Total Other Area Sq Ft: 0
  • Sold PriceList Price: 1.05
Property and Assessments
  • New Construction: No
  • Photos Count: 10
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Masonite, Wood Siding
  • Pool Private: No
  • New Construction Type: Masonite, Wood Siding
Interior Features
  • Basement Description: Crawl Space
  • Flooring: Carpet, Laminate, Vinyl
  • Cooling: Central Air, Heat Pump
  • Cooling?: Yes
  • Heating: Electric, Heat Pump
  • Heating?: Yes
  • Interior: Off Street, Masonite, Wood Siding
  • Equipment: Off Street
Multi Family
Unit Information
  • Total Units: 3
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Units Information
Unit One
  • Unit One: Above Grade Finished Area: 1082.0
  • Unit One: Baths Total: 2.0
  • Unit One: Beds Total: 2.0
  • Unit One: Levels: Two
  • Unit One: Unit Type Total Rent: 1150.0
Unit Two
  • Unit Two: Above Grade Finished Area: 1082.0
  • Unit Two: Baths Total: 2.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Levels: Two
  • Unit Two: Unit Type Total Rent: 990.0
Unit Three
  • Unit Three: Above Grade Finished Area: 1082.0
  • Unit Three: Baths Total: 2.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Levels: Two
  • Unit Three: Unit Type Total Rent: 1000.0

Property History for 1228 Gorman Street

DateEvent & SourcePriceAppreciation
Sep 28, 2017

Sold

TRIANGLEMLS #2144685

$415,000
Sep 28, 2017

Sold

TRIANGLEMLS #2144685

$415,000
Sep 28, 2017

Pending

TRIANGLEMLS #2144685

DateEvent & SourcePrice
09/28/2017

Sold

TRIANGLEMLS #2144685

$415,000
09/28/2017

Sold

TRIANGLEMLS #2144685

$415,000
09/28/2017

Pending

TRIANGLEMLS #2144685

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1228 Gorman Street

Taxable ValueLand$306,000Additions$320,883Total$626,883
Tax Record2025$5,527 ($461 / month)
Home Facts
Total Finished SqFt3,245 SqFtAbove Grade Finished SqFt3,245 SqFtStories2Lot Size13,504 SqFtStyleTriplexYear Built1982Year Renovated1992ZoningR-10CountyWAKEAPN0793.06-29-6276 0121686

Schools near 1228 Gorman Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Olds Elementary
PublicPK to 5

Martin Middle
Public6 to 8

Athens Drive High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1228 Gorman Street, Raleigh, NC 27606
$415,000
$563,000
3,024
16,117
$563,000
4
3,024
16,117
$890,000
4,196
17,859
5,663
$215,000
3
950

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Deaton Investment Real Estate

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