419 Rose Lane

Closed 2/4/26

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Sold

Last Sold Price

$1,100,000

5,448 sqft$202/sqft

419 Rose Ln, Raleigh, NC 27610

Multi FamilyProperty Type

1.05 acresLot Size

1959Year Built

$202/sq ftPrice per sq ft

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 • United Real Estate Triangle

Listing closed: 02/04/2026 12:00 AM • Source: TRIANGLEMLS, MLS#: 10126233

Recent comparable sales

Median sold price

$810,000

Avg days on market

Sale-to-list ratio

84.9%

1/18

$1,050,000

Sold 08/21/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 5,742
Square Feet: 0.7
Acres

2821 Club Plaza Road, Raleigh, NC 27603

1/24

$1,000,000

Sold 04/17/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 4,434
Square Feet: 0.28
Acres

400 Chamberlain Street, Raleigh, NC 27607

1/13

$635,000

Sold 10/17/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,908
Square Feet: 0.1
Acres

903 New Bern Avenue, Raleigh, NC 27601

$875,000

Sold 07/14/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 0.21
Acres

721 East Lenoir Street, Raleigh, NC 27601

$810,000

Sold 11/17/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 4,755
Square Feet: 0.55
Acres

1501 New Bern Avenue, Raleigh, NC 27610

1/7

$900,000

Sold 01/07/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 22.29
Acres

1811 South New Hope Road, Raleigh, NC 27610

1/5

$785,000

Sold 03/04/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 0.32
Acres

1110-1112 Oakwood Avenue, Raleigh, NC 27601

1/16

$775,000

Sold 12/09/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 3.5
Acres

3030 Rock Quarry Road, Raleigh, NC 27610

1/10

$800,000

Sold 08/19/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 0.09
Acres

124 East Cabarrus Street, Raleigh, NC 27601

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Location

Listing Courtesy of United Real Estate Triangle

Sold By The Virtual Realty Group INC

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$6,103 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,591

Property Taxes

$511

HOA Dues

The Payment Calculator is for illustrative purposes only.

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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

City Limits YN: Yes
Lot Number: 46-50 INC

Contract Information

Lease Expiration Date: 2026-04-30
Property Leased YN: Yes

Years Owned: 1 or More Year(s)

Property

Lot Information

Building Area Total: 5448.0
Lot Features: Back Yard, Cleared, Few Trees, Front Yard, Level

Lot Size Dimensions: 205 x 209 x 201 x 239
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
Photos Count: 22

Property Attached: Yes
Below Grade Finished Area Units: Square Feet
Property Condition: Updated/Remodeled

Utilities

Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected

Water Source: Public
Water_Sewer: Public, Public Sewer, Electricity Connected, Sewer Connected, Water Connected

Interior and Exterior Features

Exterior Features

Construction Materials: Brick
Exterior Features: Fenced Yard, Private Yard, Rain Gutters, Storage

Fencing: Back Yard, Chain Link, Fenced
Foundation Details: Raised
Pool Private: No
Roof: Shingle
Security Features: Smoke Detector(s), Varies By Unit
New Construction Type: Brick, Duplex, Multi Family, Site Built

Interior Features

Stories: 1
Basement Description: Crawl Space

Flooring: Vinyl
Cooling: Central Air, Window Unit(s)
Cooling?: Yes
Heating: Electric, Forced Air
Heating?: Yes
Appliances: Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Tankless Water Heater, Washer/Dryer
Laundry Features: In Unit, Inside
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Kitchen/Dining Room Combination, Open Floorplan, Walk-In Closet(s)
Equipment Appliances: Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Tankless Water Heater, Washer/Dryer
Interior: Electricity Connected, Sewer Connected, Water Connected, Brick, In Unit, Inside, Smoke Detector(s), Varies By Unit
Equipment: Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Tankless Water Heater, Washer/Dryer, In Unit, Inside

Agent

Sale and Listing

Property Type: Commercial Sale
Property Class Name: CrossProperty

Rental

Rental Information

Lease Term: Negotiable
TenantPays: All Utilities, Cable TV, Electricity, Water

Property History for 419 Rose Lane

Date	Event & Source	Price	Appreciation
Feb 4, 2026	Sold TRIANGLEMLS #10126233	$1,100,000	—
Feb 3, 2026	Sold (Public Record) Public Record #1928296724	$1,100,000	+12.8% / yr
Nov 7, 2025	Pending TRIANGLEMLS #10126233		—
Oct 10, 2025	Listed (Active) TRIANGLEMLS #10126233		—
Oct 7, 2025	Listed (Active) TRIANGLEMLS #10126233	$1,200,000	—
Dec 14, 2018	Sold (Public Record) Public Record #636357631	$465,000	+5.8% / yr
Oct 4, 2007	Sold (Public Record) Public Record #228600084	$248,000	—

Date	Event & Source	Price
02/04/2026	Sold TRIANGLEMLS #10126233	$1,100,000
02/03/2026	Sold (Public Record) Public Record #1928296724	$1,100,000 +12.8% / yr
11/07/2025	Pending TRIANGLEMLS #10126233	—
10/10/2025	Listed (Active) TRIANGLEMLS #10126233	—
10/07/2025	Listed (Active) TRIANGLEMLS #10126233	$1,200,000
12/14/2018	Sold (Public Record) Public Record #636357631	$465,000 +5.8% / yr
10/04/2007	Sold (Public Record) Public Record #228600084	$248,000

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
6/10	Wiley Elementary	Public - Serves this home	PK to 5	3.1 mi
7/10	Oberlin Middle School	Public - Serves this home	6 to 8	4.3 mi
7/10	Needham Broughton High	Public - Serves this home	9 to 12	3.3 mi
10/10	Wake Early College of Health and Science	Public - Nearby school	9 to 13	1.2 mi
NR	Longview School	Public - Choice school	6 to 12	1.2 mi
2/10	Phillips High	Public - Choice school	9 to 12	1.6 mi


Rating	School	Distance
6/10	Wiley Elementary PublicPK to 5 Serves this home	3.1 mi
7/10	Oberlin Middle School Public6 to 8 Serves this home	4.3 mi
7/10	Needham Broughton High Public9 to 12 Serves this home	3.3 mi
10/10	Wake Early College of Health and Science Public9 to 13 Nearby school	1.2 mi
NR	Longview School Public6 to 12 Choice school	1.2 mi
2/10	Phillips High Public9 to 12 Choice school	1.6 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 419 Rose Lane, Raleigh, NC 27610	$1,100,000	–	–	5,448	45,738
423 Rose Lane, Raleigh, NC 27610	$509,000	3	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
420 Rose Lane, Raleigh, NC 27610	–	–	1	1,196	43,996
425 Rose Lane, Raleigh, NC 27610	$115,000	3	1	1,104	24,829
421 Rose Lane, Raleigh, NC 27610	$495,000	3	3	1,762	12,632
412 Rose Lane, Raleigh, NC 27610	–	–	1	1,411	23,522
2705 Community Drive, Raleigh, NC 27610	$190,100	–	5	1,984	14,810
424 Rose Lane, Raleigh, NC 27610	$115,000	–	3	1,888	43,996
2709 Community Drive, Raleigh, NC 27610	$35,000	–	–	–	24,393
400 Habitat Court, Raleigh, NC 27610	–	–	1	1,015	12,632
427 Rose Lane, Raleigh, NC 27610	–	–	2	1,388	24,829
2704 Poole Road, Raleigh, NC 27610	–	–	1	1,558	14,810
2708 Poole Road, Raleigh, NC 27610	$27,500	2	2	1,016	15,246

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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.

Raleigh, NC

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