550 E Jones St

Raleigh, NC 27601

$1,800,000
Price
6,098 / 0.14
Lot Size / Acres
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Description

Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones...Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.
  1. Listed by John Anton • Steeloak Residential LLC

Property Details for 550 East Jones Street

View
City, Neighborhood
View
Yes
Subdivision
Historic Oakwood
LISTING UPDATED: 06/09/2026 07:03 AM

Property Details for 550 East Jones Street

StatusActive
MLS #10172633
Days on Market13
Taxes$3,951 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size0.14 AC
CountyWake County
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Location

Listing Courtesy of Steeloak Residential LLC
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Building Information for 550 East Jones Street

Lot Size0.14 AC

Payment Calculator

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$9,299 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,970

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 550 East Jones Street

Summary
Location and General Information
  • Zoning: R-10
  • Directions: Turn on E Jones from N Person, Lots are 2 blocks down on right.
  • Subdivision Name: Historic Oakwood
  • Latitude: 35.782024
  • Longitude: -78.629835
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Neighborhood: Historic Oakwood
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $3,951.28
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 1
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2026-07-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: Less Than 1 Year
School Information
  • Elementary School: Wake - Conn Elementary
  • Middle Or Junior School: Wake - Oberlin Middle
  • High School: Wake - Needham Broughton High
Property
Lot Information
  • Lot Features: Back Yard, City Lot, Hardwood Trees, Interior Lot, Rectangular Lot, Driveway, Sidewalks
  • Lot Size Dimensions: 30 x 208 x 30 x 208
  • Other Structures: None
  • Parcel Number: 170328998668000 0054421
  • List PriceAcre: 12857142.86
  • Road Frontage Length: 30
Property and Assessments
  • Photos Count: 3
  • Possible Use: Multi-Family, Residential, Single Family
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Multi-Family
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Connected, Phone Available, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Pool Private: No
Interior Features
  • Interior: Cable Available, Electricity Connected, Phone Available, Sewer Connected
  • Additional Equipment: None
Agent
Sale and Listing
  • Property Type: Land
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Month To Month

Property History for 550 East Jones Street

DateEvent & SourcePriceAppreciation
Jun 8, 2026

Listed (Active)

TRIANGLEMLS #10172633

$1,800,000—
DateEvent & SourcePrice
06/08/2026

Listed (Active)

TRIANGLEMLS #10172633

$1,800,000

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

Public Records for 550 East Jones Street

Taxable ValueLand$351,500Additions$99,283Total$450,783
Tax Record2025$3,951 ($329 / month)
Home Facts
Beds0Baths1Total Finished SqFt980 SqFtAbove Grade Finished SqFt980 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated1950ZoningR-10CountyWAKEAPN1703.28-99-8668 0054421

Schools near 550 East Jones Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Conn Elementary
Public - PK to 5
Oberlin Middle School
Public - 6 to 8
Needham Broughton High
Public - 9 to 12
Wake Young Men's Leadership Academy
Public - 6 to 13
Rating
School
Distance
Conn Elementary
PublicPK to 5

Oberlin Middle School
Public6 to 8

Needham Broughton 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.

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More information about 550 East Jones Street, Raleigh, NC 27601

550 East Jones Street is a 0.14 ac of land for sale in Raleigh, NC 27601. This property was listed for sale on June 8, 2026 by Steeloak Residential LLC, it's currently listed at $1,800,000. This listing's school district is Wake County School District. Nearby schools include Conn Elementary, Oberlin Middle School and Needham Broughton High. 550 East Jones Street is a 0-bed, 0-bath, 0.14 ac of land on a 6,098 sq. ft. / 0.14 acres lot.

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 Steeloak Residential 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.