Sold
Last Sold Price
5 beds2,061 sqft

618 W Lane St, Raleigh, NC 27603

Multi FamilyProperty Type
0.13 acresLot Size
1939Year Built
$364/sq ftPrice per sq ft
3 carsParking Spaces

Description

Exceptional investment gem! Embrace the allure of urban living with this captivating triplex nestled in the vibrant pulse of Downtown Raleigh! Boasting two distinct 2-bedroom/1-bath sanctuaries on the main floor and an enchanting 1-bedroom/1-bath hideaway in the basement, this property beckons with promise. Immerse yourself in the dynamic energy of Glenwood South, where a plethora of culinary delights, retail treasures, and entertainment extravaganzas await just steps from your doorstep! Unveil the...Exceptional investment gem! Embrace the allure of urban living with this captivating triplex nestled in the vibrant pulse of Downtown Raleigh! Boasting two distinct 2-bedroom/1-bath sanctuaries on the main floor and an enchanting 1-bedroom/1-bath hideaway in the basement, this property beckons with promise. Immerse yourself in the dynamic energy of Glenwood South, where a plethora of culinary delights, retail treasures, and entertainment extravaganzas await just steps from your doorstep! Unveil the boundless possibilities of this property and seize the opportunity of a lifetime today!
  • Listed by: Matt Bergevin 919.426.1561 matt@carolinaeliterealtygroup.com Brokerage DRE #C27563 • Real Broker, LLC
Listing closed: 11/26/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10010930
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Recent comparable sales

Median sold price

$715,000

Avg days on market

65

Sale-to-list ratio

91.4%

Raleigh, NC

9 comparable properties found

$585,000 | 621 Church Street, Raleigh, NC 27601
1/43
1

$585,000

Sold 05/05/25

5
Bedrooms
2,329
Square Feet
0.17
Acres
$795,000 | 409 Oakwood Avenue, Raleigh, NC 27604
1/47
2

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Sold 07/29/26

4
Bedrooms
2,585
Square Feet
0.16
Acres
$525,000 | 504 Washington Street, Raleigh, NC 27605
1/27
3

$525,000

Sold 06/16/25

5
Bedrooms
1,890
Square Feet
0.15
Acres
$680,000 | 1316 Dixie Trail, Raleigh, NC 27607
1/37
4

$680,000

Sold 12/05/25

5
Bedrooms
2,354
Square Feet
0.32
Acres
$717,000 | 215 Lafayette Road, Raleigh, NC 27604
1/42
5

$717,000

Sold 01/20/26

4
Bedrooms
2,136
Square Feet
0.16
Acres
a front view of a house with garden
1/12
6

$635,000

Sold 10/17/25

5
Bedrooms
2,908
Square Feet
0.1
Acres
$885,500 | 2701 Van Dyke Avenue, Raleigh, NC 27607
1/55
7

$885,500

Sold 07/24/26

4
Bedrooms
2,112
Square Feet
0.21
Acres
$715,000 | 806 Postell Street, Raleigh, NC 27601
1/29
8

$715,000

Sold 12/02/25

4
Bedrooms
1,977
Square Feet
0.14
Acres
$880,000 | 106 East Whitaker Mill Road, Unit A, Raleigh, NC 27608
1/54
9

$880,000

Sold 11/18/25

4
Bedrooms
2,218
Square Feet
0.23
Acres

Location

Listing Courtesy of Real Broker, LLC

Sold By Walk to State, LLC

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Payment Calculator

$4,444 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,004

Property Taxes

$440

HOA Dues

$0

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Property Information for 618 West Lane Street

Property Details

  • Taxes: $5,278 / year
  • MLS Type: Residential Income / Triplex
  • County: Wake County
  • Subdivision: Not in a Subdivision

Building Information

  • Stories: 1
  • Residences: 3
  • Year Built: 1939
  • Lot Size: 0.13 AC / 5,663 SF

Summary

Location and General Information
  • Directions: From RDU, take I-40E towards Raleigh. Take Exit 289 for Wade Ave. Continue onto Wade Ave. Turn right onto St Mary St. Turn left onto W Lane St. Property will be on the left.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.784446
  • Longitude: -78.648642
Taxes and HOA Information
  • Tax Annual Amount: $5,278.16
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Lot Number: 1
  • Has Restrictive Covenants: No
Contract Information
  • Lease Expiration Date: 2024-04-30
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
School Information
  • Elementary School: Wake - Wiley Elementary
  • Middle Or Junior School: Wake - Oberlin Middle
  • High School: Wake - Needham Broughton High
Parking
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
  • Parking Features: Concrete, Gravel, Off Street, On Street

Property

Lot Information
  • Building Area Total: 2061.0
  • Lot Size Dimensions: See Recorded Plat Map
  • Total Other Area Sq Ft: 0.0
  • Number Of Buildings: 1
  • Parcel Number: 1704402612
  • Sold PriceList Price: 0.89
Property and Assessments
  • New Construction: No
  • Below Grade Finished Area: 320.0
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Construction Materials: Unknown
  • Foundation Details: Combination
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • New Construction Type: Unknown
Interior Features
  • Levels: One
  • Stories: 1
  • Basement Description: Apartment, Dirt Floor, Exterior Entry, Storage Space
  • Fireplace Features: Living Room
  • Has Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Hardwood, Vinyl
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Other
  • Has Heating: Yes
  • Laundry Features: Multiple Locations

Multi Family

Multi Family Information
  • Number Of Units Leased: 3
  • Total Units: 3

Unit Information

Unit 1
  • Baths Total: 1.0
  • Actual Rent: $1,500.00
  • Beds Total: 2.0
  • Type: 2 Bedroom
  • Above Grade Finished Area: 1011.0
  • Features: Dining Room, Fireplace, Kitchen, Living Room, Washer/Dryer Hookups
Unit 2
  • Baths Total: 1.0
  • Actual Rent: $1,295.00
  • Beds Total: 2.0
  • Type: 2 Bedroom
  • Above Grade Finished Area: 730.0
  • Features: Deck, Kitchen, Living Room, Washer/Dryer Hookups
Unit 3
  • Baths Total: 1.0
  • Actual Rent: $700.00
  • Beds Total: 1.0
  • Below Grade Finished Area: 321.0
  • Features: Kitchen, Living Room

Rental

Rental Information
  • Lease Term: Other

Property History for 618 West Lane Street

DateEvent & SourcePriceAppreciation
Nov 26, 2024

Sold

Doorify MLS (fka Triangle MLS) #10010930

$750,000—
Oct 30, 2024

Pending

Doorify MLS (fka Triangle MLS) #10010930

—
Feb 9, 2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10010930

$966,000—
DateEvent & SourcePrice
11/26/2024

Sold

Doorify MLS (fka Triangle MLS) #10010930

$750,000
10/30/2024

Pending

Doorify MLS (fka Triangle MLS) #10010930

—
02/09/2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10010930

$966,000

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

Public records

618 West Lane Street

Baths

3

Total Finished SqFt

1,923 SqFt

Above Grade Finished SqFt

1,923 SqFt

Stories

1

Lot Size

5,663 SqFt

Style

Triplex

Schools near 618 West Lane Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 13
Rating
School
Distance
Wiley Elementary
PublicPK to 5

Oberlin Middle School
Public6 to 8

Needham Broughton High
Public9 to 12

Wake Young Women'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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 618 West Lane Street, Raleigh, NC 27603
$750,000
5
2,061
5,663
$539,000
5
3,554
5,662
–
–
–
3,708
5,663
–
–
–
3,348
11,326
$2,100,000
–
–
2,280
5,663
$37,000
–
–
3,825
16,988

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 Real Broker, 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.