Sold
Last Sold Price
5,742 sqft

2821 Club Plaza Rd, Raleigh, NC 27603

OtherProperty Type
0.7 acresLot Size
1984Year Built
$183/sq ftPrice per sq ft

Description

Everest Commercial Group is pleased to present 2821 Club Plaza Road, a 7-unit multifamily community located in South Raleigh, one of Raleigh's most active and rapidly evolving submarkets. The property is situated within an Opportunity Zone, and is fully stabilized at 100% occupancy. The community features a consistent unit mix of two-bedroom / one-bath residences averaging approximately 820 square feet, each equipped with washer and dryer hookups. Current in-place rents average approximately $1,317...Everest Commercial Group is pleased to present 2821 Club Plaza Road, a 7-unit multifamily community located in South Raleigh, one of Raleigh's most active and rapidly evolving submarkets. The property is situated within an Opportunity Zone, and is fully stabilized at 100% occupancy. The community features a consistent unit mix of two-bedroom / one-bath residences averaging approximately 820 square feet, each equipped with washer and dryer hookups. Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. Costar estimated average market rents for 2 beds in South Raleigh at $1500. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area. This asset has been well cared for by ownership, including extensive capex work done to the property. Vinyl windows, doors, asphalt seal coat, cabinet and countertop refinishing, appliances, water heaters and more have been done under their ownership. The property sits on approximately 0.7 acres with ample parking, and provides convenient access to major employment centers and transportation corridors. A GoRaleigh public transit stop is located roughly 0.2 miles away, while Downtown Raleigh is approximately four miles, Dix Park 2.4 miles, Downtown Garner five miles, and Interstate 40 just over one mile from the site.
  • Listed by: Owen Drugan 919.279.3803 owen@everestcommercialgroup.com Brokerage DRE #C41193 • EVEREST VENTURES LLC
Listing closed: 08/21/2026 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10142918
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Location

Listing Courtesy of EVEREST VENTURES LLC
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$6,473 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,605

Property Taxes

$867

HOA Dues

$0

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Property Information for 2821 Club Plaza Road

Property Details

  • Taxes: $10,408 / year
  • MLS Type: Commercial Sale / Multi Family
  • County: Wake County
  • Zoning Description: R-10
  • Subdivision: NOT IN SUBDIVISION

Building Information

  • Stories: 1
  • Year Built: 1984
  • Lot Size: 0.70 AC / 30,492 SF

Summary

Location and General Information
  • Zoning: R-10
  • Directions: From Downtown Raleigh, via US-401 S/US-70 E/N Dawson St, continue on 2.3 miles, right on Carolina Pines Ave, Left on Oak Rd, Left on Club Plaza Rd, Property will be on the right
  • Subdivision Name: NOT IN SUBDIVISION
  • Latitude: 35.747066
  • Longitude: -78.65853
Taxes and HOA Information
  • Tax Annual Amount: $10,408.26
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Lot Number: 61-65
Contract Information
  • Lease Expiration Date: 2026-03-31
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2026-04-06

Property

Lot Information
  • Building Area Total: 5742.0
  • Lot Size Dimensions: 185x165
  • Parcel Number: 170209173010000 0041176
  • Structure Type: Multi Family
  • List PriceAcre: 1714285.71
  • Sold PriceAcre: 1500000.0
  • Sold PriceList Price: 0.88
Property and Assessments
  • New Construction: No
  • Business Type: Residential
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • New Construction Type: Multi Family, Brick
Interior Features
  • Stories: 1
  • Flooring: Tile, Vinyl
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Electric, Heat Pump
  • Has Heating: Yes
  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator, Water Heater
  • Laundry Features: In Unit
  • Interior Features: Living/Dining Room Combination, Bathtub/Shower Combination

Multi Family

Multi Family Information
  • Number Of Units Leased: 7

Rental

Rental Information
  • Lease Term: 12 Months
  • TenantPays: Cable TV, Electricity, Water

Property History for 2821 Club Plaza Road

DateEvent & SourcePriceAppreciation
Aug 21, 2026

Sold

Doorify MLS (fka Triangle MLS) #10142918

$1,050,000—
Aug 18, 2026

Sold (Public Record)

Public Record #1947850273

$1,050,000—
Aug 18, 2026

Sold (Public Record)

Public Record #150987479

$1,050,000

+7.4% / yr

DateEvent & SourcePrice
08/21/2026

Sold

Doorify MLS (fka Triangle MLS) #10142918

$1,050,000
08/18/2026

Sold (Public Record)

Public Record #1947850273

$1,050,000
08/18/2026

Sold (Public Record)

Public Record #150987479

$1,050,000

+7.4% / yr

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

Public records

2821 Club Plaza Road

Total Finished SqFt

5,742 SqFt

Above Grade Finished SqFt

5,742 SqFt

Stories

1

Lot Size

30,492 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1984

Schools near 2821 Club Plaza Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Penny Road Elementary
PublicK to 5

Apex Middle
Public6 to 8

Apex 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: 2821 Club Plaza Road, Raleigh, NC 27603
$1,050,000
–
–
5,742
30,492
–
–
4
3,136
18,295
$70,000
–
1
1,026
10,454
–
–
1,144
13,939
$125,000
–
4
3,136
20,038
–
–
988
9,148

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 EVEREST VENTURES LLC

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.