1511 Joe Louis Ave

1,352 Sq. Ft.
$462 / Sq. Ft.
1,352
Sq. Ft.
$462
per Sq. Ft.

Description

Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity...Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location. The adjacent property, 600 Sherrybrook Dr., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.
  1. Listed by Annie Clements • Choice Residential Real Estate

Property Details for 1511 Joe Louis Avenue

View
Yes
Waterfront
No
Subdivision
Joe Louis Park
LISTING UPDATED: 01/14/2026 03:46 PM

Property Details for 1511 Joe Louis Avenue

StatusActive
MLS #10141059
Days on Market8
Taxes$2,189 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1983
Lot Size0.21 AC / 9,147 SF
CountyWake County

Location

Listing Courtesy of Choice Residential Real Estate
Add your commute

Building Information for 1511 Joe Louis Avenue

Stories1Residences2Year Built1983Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$3,229 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,046

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1511 Joe Louis Avenue

Summary
Location and General Information
  • Zoning: R-10
  • Directions: From Rock Quarry, turn Right onto Merrywood, Right on Joe Louis, Duplex/Lot are on the Left.
  • Subdivision Name: Joe Louis Park
  • Latitude: 35.77068
  • Longitude: -78.616534
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,188.64
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: D
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2026-03-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 6
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Open Parking: Yes
  • Parking Features: Driveway
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1352.0
  • Total Other Area Sq Ft: 0
  • Number Of Buildings: 1
  • Parcel Number: 171310357636000 0121771
  • Structure Type: Duplex
Property and Assessments
  • New Construction: No
  • Photos Count: 11
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Masonite
  • Pool Private: No
  • Roof: Composition
  • Security Features: Smoke Detector(s)
  • New Construction Type: Masonite, Duplex
Interior Features
  • Levels: One
  • Stories: 1
  • Flooring: See Remarks
  • Cooling: Window Unit(s)
  • Cooling?: Yes
  • Heating: Baseboard, Electric
  • Heating?: Yes
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Laundry Features: In Unit
  • Spa: No
  • Equipment Appliances: Dryer, Range, Refrigerator, Washer
  • Interior: Driveway, Masonite, In Unit, Smoke Detector(s)
  • Equipment: Dryer, Range, Refrigerator, Washer, In Unit, Driveway
Multi Family
Unit Information
  • Total Units: 2
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 3 To 6 Months
  • TenantPays: All Utilities
Units Information
Unit One
  • Unit One: Actual Rent: 1250.0
  • Unit One: Beds Total: 2.0
  • Unit One: Garage Attached YN: false
  • Unit One: Levels: One
Unit Two
  • Unit Two: Actual Rent: 1300.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
Unit Three
  • Unit Three: Actual Rent: 0.0
Unit Four
  • Unit Four: Actual Rent: 0.0

Property History for 1511 Joe Louis Avenue

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

TRIANGLEMLS #10141059

$625,000—
Jun 24, 2019

Sold (Public Record)

Public Record #647006777

$213,500—
Jun 7, 2019

Sold (Public Record)

Public Record #647006776

$173,500

+3.6% / yr

Dec 12, 2005

Sold

AMLS #796262

$106,900—
Dec 12, 2005

Sold

TRIANGLEMLS #796262

$106,900—
Nov 10, 2005

Sold (Public Record)

Public Record #168176149

$107,000

+9.5% / yr

Oct 17, 2005

Pending

TRIANGLEMLS #796262

—
Apr 13, 2005

Listed (Active)

TRIANGLEMLS #796262

$99,900—
Apr 13, 2005

Listed (Active)

AMLS #796262

$99,900—
Jan 28, 2004

Sold (Public Record)

Public Record #287735642

$91,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

TRIANGLEMLS #10141059

$625,000
06/24/2019

Sold (Public Record)

Public Record #647006777

$213,500
06/07/2019

Sold (Public Record)

Public Record #647006776

$173,500

+3.6% / yr

12/12/2005

Sold

AMLS #796262

$106,900
12/12/2005

Sold

TRIANGLEMLS #796262

$106,900
11/10/2005

Sold (Public Record)

Public Record #168176149

$107,000

+9.5% / yr

10/17/2005

Pending

TRIANGLEMLS #796262

—
04/13/2005

Listed (Active)

TRIANGLEMLS #796262

$99,900
04/13/2005

Listed (Active)

AMLS #796262

$99,900
01/28/2004

Sold (Public Record)

Public Record #287735642

$91,000

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

Public Records for 1511 Joe Louis Avenue

Taxable ValueLand$131,250Additions$115,126Total$246,376
Tax Record2025$2,189 ($182 / month)
Home Facts
Total Finished SqFt1,352 SqFtAbove Grade Finished SqFt1,352 SqFtStories1Lot Size9,148 SqFtStyleDuplexYear Built1983Year Renovated1990ZoningR-10CountyWAKEAPN1713.10-35-7636 0121771

Schools near 1511 Joe Louis Avenue

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 - 6 to 13
Rating
School
Distance
Southeast Raleigh Elementary
PublicPK to 5

Centennial Campus Middle
Public6 to 8

Southeast Raleigh High
Public9 to 12

Wake Young Men's Leadership Academy
Public6 to 13

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.

Similar Homes

Similar Sold Homes

1511 Joe Louis Avenue is a multi-family home for sale in Raleigh, NC 27610. This property was listed for sale on January 12, 2026 by Choice Residential Real Estate, it's currently listed at $625,000. It has been on the market for a total of 8 days and was last sold on June 24, 2019. This listing's school district is Wake County School District. Nearby schools include Southeast Raleigh Elementary, Centennial Campus Middle and Southeast Raleigh High. 1511 Joe Louis Avenue is a 4-bed, 2-bath, 1,352 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Choice Residential Real Estate

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