615 New Bern Ave

Raleigh, NC 27601

$425,000
Price
—
Beds
2,134 Sq. Ft.
$199 / Sq. Ft.
2,134
Sq. Ft.
$199
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors,...Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths. The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services. With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.
  1. Listed by Stacey Delgado • Redfin Corporation

Property Details for 615 New Bern Avenue

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 06/15/2026 05:28 PM

Property Details for 615 New Bern Avenue

StatusActive
MLS #10174159
Days on Market27
Taxes$5,031 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1983
Lot Size0.11 AC / 4,791 SF
CountyWake County
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Location

Listing Courtesy of Redfin Corporation
Add your commute

Building Information for 615 New Bern Avenue

Stories2Residences1Year Built1983Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

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$2,537 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,118

Property Taxes

$419

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 615 New Bern Avenue

Summary
Location and General Information
  • Zoning: OX-3
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.780301
  • Longitude: -78.628093
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $5,030.80
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 0
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
School Information
  • Elementary School: Wake - Powell Elementary
  • Middle Or Junior School: Wake - Ligon Middle
  • High School: Wake - Needham Broughton High
Parking
  • Open Parking: Yes
  • Parking Features: Driveway
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 2134.0
  • Total Other Area Sq Ft: 0
  • Parcel Number: 171305093103000 0071473
  • Structure Type: Multi Family, Site Built
  • Enhanced Accessible: No
Property and Assessments
  • New Construction: No
  • Photos Count: 47
  • 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: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Vinyl Siding, Multi Family, Site Built
Interior Features
  • Levels: Two
  • Stories: 2
  • Flooring: Hardwood, Other
  • Cooling: Multi Units
  • Cooling?: Yes
  • Heating: See Remarks
  • Interior: Driveway, Vinyl Siding
  • Equipment: Driveway
Multi Family
Unit Information
  • Total Units: 1
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Units Information
Units Details
  • Number Of Units Month To Month: 0.0
Unit One
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
Unit Two
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
Unit Three
  • Unit Three: Kitchen: true
  • Unit Three: Living Room: true
Unit Four
  • Unit Four: Kitchen: true
  • Unit Four: Living Room: true

Property History for 615 New Bern Avenue

DateEvent & SourcePriceAppreciation
Jun 15, 2026

Listed (Active)

TRIANGLEMLS #10174161

$425,000—
Jun 15, 2026

Listed (Active)

TRIANGLEMLS #10174159

$425,000—
Jun 1, 2026

Price Change

TRIANGLEMLS #10165257

$425,000—
DateEvent & SourcePrice
06/15/2026

Listed (Active)

TRIANGLEMLS #10174161

$425,000
06/15/2026

Listed (Active)

TRIANGLEMLS #10174159

$425,000
06/01/2026

Price Change

TRIANGLEMLS #10165257

$425,000

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

Public Records for 615 New Bern Avenue

Taxable ValueLand$287,520Additions$287,047Total$574,567
Tax Record2025$5,031 ($419 / month)
Home Facts
Baths2.5Total Finished SqFt2,129 SqFtAbove Grade Finished SqFt2,129 SqFtStories2Lot Size4,792 SqFtStyleOffice BuildingYear Built1983ZoningOX-3CountyWAKEAPN1713.05-09-3103 0071473Fireplace TypeHas Fireplace

Schools near 615 New Bern Avenue

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

Ligon Middle
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 615 New Bern Avenue, Raleigh, NC 27601

615 New Bern Avenue is a multi-family home for sale in Raleigh, NC 27601. This property was listed for sale on June 15, 2026 by Redfin Corporation, it's currently listed at $425,000. It has been on the market for a total of 27 days and was last sold on November 12, 2024. This listing's school district is Wake County School District. Nearby schools include Powell Elementary, Ligon Middle and Needham Broughton High. 615 New Bern Avenue is a 0-bed, 4-bath, 2,134 sqft multi-family home built in 1983.

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 Redfin Corporation

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.