419 Rose Lane

Closed 2/4/26
Closed 2/4/26
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Sold
Last Sold Price
$1,100,000
5,448 sqft
419 Rose Ln, Raleigh, NC 27610
OtherProperty Type
1.05 acresLot Size
1959Year Built
$202/sq ftPrice per sq ft
12 carsParking Spaces

Description

Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded...Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded by new builds selling between $450K-$600K and located only minutes from Downtown Raleigh, this property presents multiple exit strategies and long-term upside in one of the city's fastest-growing corridors.
  • Listed by: Natalie Pearse 919.839.3131 natalie@nkprealty.com Brokerage DRE #C31106 • United Real Estate Triangle
Listing closed: 02/04/2026 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10126233

Recent comparable sales

Median sold price

$875,000

Avg days on market

91

Sale-to-list ratio

84.1%

Raleigh, NC

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Location

Listing Courtesy of United Real Estate Triangle

Sold By The Virtual Realty Group INC

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$6,196 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,684

Property Taxes

$511

HOA Dues

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Property Information for 419 Rose Lane

Property Details
  • Taxes: $6,137 / year
  • MLS Type: Commercial Sale / Multi Family
  • County: Wake County
  • Waterfront: No
  • Showings Expected to Begin: 10-10-2025
  • Subdivision: Rosemont Gardens
Building Information
  • Stories: 1
  • Year Built: 1959
  • Lot Size: 1.05 AC / 45,738 SF
Summary
Location and General Information
  • Directions: From Raleigh Blvd, head toward Poole Rd and turn left. Continue straight, then turn left onto Martin Luther King Jr. Blvd. Next, turn right onto Rose Lane.
  • Subdivision Name: Rosemont Gardens
  • Latitude: 35.771312
  • Longitude: -78.598005
  • Road Frontage Type: 2 Lane Road
  • Road Surface Type: Gravel, Paved
Taxes and HOA Information
  • Tax Annual Amount: $6,137.25
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Lot Number: 46-50 INC
Contract Information
  • Lease Expiration Date: 2026-04-30
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Total: 5448.0
  • Building Features: Primary Walk-In Closet(s)
  • Lot Features: Back Yard, Cleared, Few Trees, Front Yard, Level
  • Lot Size Dimensions: 205x209x201x239
  • Number Of Buildings: 3
  • Structure Type: Duplex, Multi Family, Site Built
  • List PriceAcre: 1142857.14
  • Sold PriceAcre: 1047619.05
  • Sold PriceList Price: 0.92
Property and Assessments
  • New Construction: No
  • Business Type: Commercial, Real Estate, Rental, Residential
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Exterior Features: Private Yard, Rain Gutters, Storage, Fenced Yard
  • Fencing: Back Yard, Chain Link, Fenced
  • Foundation Details: Raised
  • Roof: Shingle
  • Security Features: Smoke Detector(s), Varies By Unit
  • New Construction Type: Duplex, Multi Family, Site Built, Brick
Interior Features
  • Stories: 1
  • Basement Description: Crawl Space
  • Flooring: Luxury Vinyl
  • Cooling: Central Air, Window Unit(s)
  • Has Cooling: Yes
  • Heating: Electric, Forced Air
  • Has Heating: Yes
  • Appliances: Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Microwave, Tankless Water Heater, Washer/Dryer
  • Laundry Features: Inside, In Unit
  • Interior Features: Ceiling Fan(s), Open Floorplan, Walk-In Closet(s), Kitchen/Dining Room Combination, Bathtub/Shower Combination
Multi Family
Multi Family Information
  • Number Of Units Leased: 6
Rental
Rental Information
  • Lease Term: Negotiable
  • TenantPays: All Utilities, Cable TV, Electricity, Water

Property History for 419 Rose Lane

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Sold

Doorify MLS (fka Triangle MLS) #10126233

$1,100,000—
Feb 3, 2026

Sold (Public Record)

Public Record #1928296724

$1,100,000

+12.8% / yr

Nov 7, 2025

Pending

Doorify MLS (fka Triangle MLS) #10126233

—
DateEvent & SourcePrice
02/04/2026

Sold

Doorify MLS (fka Triangle MLS) #10126233

$1,100,000
02/03/2026

Sold (Public Record)

Public Record #1928296724

$1,100,000

+12.8% / yr

11/07/2025

Pending

Doorify MLS (fka Triangle MLS) #10126233

—

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

Public Records for 419 Rose Lane

Taxable ValueLand$115,500Additions$574,472Total$689,972
Tax Record2025$6,137 ($511 / month)
Home Facts
Total Finished SqFt1,816 SqFtAbove Grade Finished SqFt1,816 SqFtStories1Lot Size45,738 SqFtStyleDuplexYear Built1959Year Renovated1980ZoningR-6CountyWAKEAPN1713.12-95-2849 0003729

Schools near 419 Rose Lane

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Wiley Elementary
Public - PK to 5
Oberlin Middle School
Public - 6 to 8
Needham Broughton High
Public - 9 to 12
Wake Early College of Health and Science
Public - 9 to 13
Rating
School
Distance
Wiley Elementary
PublicPK to 5

Oberlin Middle School
Public6 to 8

Needham Broughton High
Public9 to 12

Wake Early College of Health and Science
Public9 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 419 Rose Lane, Raleigh, NC 27610
$1,100,000
–
–
5,448
45,738
421 Rose Lane, Raleigh, NC 27610
$495,000
3
1,762
12,632
423 Rose Lane, Raleigh, NC 27610
$509,000
3
1,877
12,632
416 Rose Lane, Raleigh, NC 27610
–
–
1
625
43,560
414 Rose Lane, Raleigh, NC 27610
–
–
–
4,128
42,689
2701 Community Drive, Raleigh, NC 27610
$398,000
–
4
1,991
14,375

Explore Nearby Homes

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 United Real Estate Triangle

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.