700 Glascock St

Raleigh, NC 27604

$625,000
Price
8
Beds
1,777 Sq. Ft.
$352 / Sq. Ft.
1,777
Sq. Ft.
$352
per Sq. Ft.
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Listed By CompassNew
Listed By CompassNew

Description

Exceptional opportunity to acquire a cash-flowing asset in one of Raleigh's most desirable and rapidly evolving urban neighborhoods. Located at 700 Glascock Street, this income-producing property sits on a highly visible corner lot comprising approximately 0.22 acres and offers investors immediate returns alongside compelling long-term redevelopment potential. The property is zoned R-10 and positioned within one of Raleigh's most active redevelopment corridors. Surrounded by luxury new construction...Exceptional opportunity to acquire a cash-flowing asset in one of Raleigh's most desirable and rapidly evolving urban neighborhoods. Located at 700 Glascock Street, this income-producing property sits on a highly visible corner lot comprising approximately 0.22 acres and offers investors immediate returns alongside compelling long-term redevelopment potential. The property is zoned R-10 and positioned within one of Raleigh's most active redevelopment corridors. Surrounded by luxury new construction and high-end infill development, the site is ideally situated to benefit from continued neighborhood growth and increasing land values. Currently operating as an 8-room income-producing property generating approximately $62,700 in annual gross income ($5,225/month), the asset benefits from strong rental demand and flexible month-to-month occupancy agreements. The property has been well maintained and improved, with major updates already completed, including a new roof in 2023; HVAC systems installed in 2019; furnaces replaced in 2018 and 2019; a hot water heater installed in 2019; updated bathrooms and kitchen cabinetry in 2023; new windows installed in 2024 and 2025; new gutters in 2025; and fresh interior and exterior paint completed in 2025. Public water and sewer service, along with approximately 10 off-street parking spaces, further enhance the property's functionality and appeal. Beyond the property's income potential, the location offers the highly desirable lifestyle amenities driving demand throughout Downtown Raleigh's urban core. Residents are close to a growing collection of restaurants, retail destinations, and neighborhood gathering spots while enjoying convenient access to Oakwood Park, Big Cat Coffee, Gateway Plaza, area schools, greenway trails, and public transit. A nearby dog park and numerous recreational amenities further enhance the area's appeal. The combination of connectivity, and the city's sought-after "live, work, play" lifestyle makes this location particularly attractive to both tenants and long-term investors. Whether pursuing stable cash flow, a value-add investment strategy, land banking, or future redevelopment, 700 Glascock Street offers multiple paths to value creation in one of Raleigh's strongest growth markets. Opportunities combining current income, corner-lot positioning, and proximity to Downtown Raleigh are increasingly difficult to find.

Listing Agents

  1. Lizzie Bender

    Lizzie Bender

    Listing Agent

    Compass

    P: (361)-876-1134

    CallText
  2. Liz Brown

    Liz Brown

    Alternative Listing Agent

    Compass

    P: (919)-520-7590

    CallText

Property Details for 700 Glascock Street

View
Yes
Subdivision
Capitol Heights
LISTING UPDATED: 06/16/2026 03:04 PM

Property Details for 700 Glascock Street

StatusActive
MLS #10174326
Days on MarketListed Today
Taxes$4,259 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Single Family Residence
Year Built1950
Lot Size0.22 AC / 9,583 SF
CountyWake County
Buyer's Agent Compensation2.4%
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Location

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Building Information for 700 Glascock Street

Stories1Year Built1950Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

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$3,469 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,114

Property Taxes

$355

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 700 Glascock Street

Summary
Location and General Information
  • Zoning: R-10
  • Subdivision Name: Capitol Heights
  • Latitude: 35.792618
  • Longitude: -78.622171
  • Road Surface Type: Paved
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $4,258.60
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 24
  • 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
School Information
  • Elementary School: Wake - Conn Elementary
  • Middle Or Junior School: Wake - Ligon Middle
  • High School: Wake - William G Enloe High
Parking
  • Open Parking: Yes
  • Parking Features: Other
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 1777.0
  • Lot Features: Corner Lot
  • Other Area Below Grade: 320
  • Total Other Area Sq Ft: 320
  • Parcel Number: 171413230654000 0042639
  • Structure Type: House
  • Below Grade Unfinished Area Source: See Remarks
Property and Assessments
  • New Construction: No
  • Photos Count: 45
  • 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: Unknown
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Unknown, House
Interior Features
  • Levels: One
  • Stories: 1
  • Basement Description: Crawl Space, Unfinished
  • Fireplace Y N: No
  • Flooring: Vinyl, Tile, Wood
  • Cooling: Central Air, Electric
  • Cooling?: Yes
  • Heating: Heat Pump, None
  • Heating?: Yes
  • Appliances: Electric Range, Refrigerator, Washer/Dryer
  • Laundry Features: Common Area
  • Equipment Appliances: Electric Range, Refrigerator, Washer/Dryer
  • Interior: Other, Unknown, Common Area
  • Equipment: Electric Range, Refrigerator, Washer/Dryer, Common Area, Other
Multi Family
Unit Information
  • Total Units: 8
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Month To Month
Units Information
Unit One
  • Unit One: Kitchen: true
Unit Two
  • Unit Two: Kitchen: true
Unit Three
  • Unit Three: Kitchen: true
Unit Four
  • Unit Four: Kitchen: true

Property History for 700 Glascock Street

DateEvent & SourcePriceAppreciation
Jun 16, 2026

Listed (Active)

TRIANGLEMLS #10174326

$625,000—
Dec 31, 2025

Expired

TRIANGLEMLS #10103246

—
Jun 14, 2025

Withdrawn

TRIANGLEMLS #10100610

—
DateEvent & SourcePrice
06/16/2026

Listed (Active)

TRIANGLEMLS #10174326

$625,000
12/31/2025

Expired

TRIANGLEMLS #10103246

—
06/14/2025

Withdrawn

TRIANGLEMLS #10100610

—

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

Public Records for 700 Glascock Street

Taxable ValueLand$300,000Additions$169,970Total$469,970
Tax Record2025$4,259 ($355 / month)
Home Facts
Baths2Total Finished SqFt1,780 SqFtAbove Grade Finished SqFt1,780 SqFtStories1Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningR-10CountyWAKEAPN1714.13-23-0654 0042639

Schools near 700 Glascock Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Conn Elementary
Public - PK to 5
Ligon Middle
Public - 6 to 8
William G Enloe High
Public - 9 to 12
Phillips High
Public - 9 to 12
Rating
School
Distance
Conn Elementary
PublicPK to 5

Ligon Middle
Public6 to 8

William G Enloe High
Public9 to 12

Phillips High
Public9 to 12

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 700 Glascock Street, Raleigh, NC 27604

700 Glascock Street is a multi-family home for sale in Raleigh, NC 27604. This property was listed for sale on June 16, 2026 by Compass, it's currently listed at $625,000. It has been on the market for a total of 0 days and was last sold on July 18, 2007. This listing's school district is Wake County School District. Nearby schools include Conn Elementary, Ligon Middle and William G Enloe High. 700 Glascock Street is a 8-bed, 2-bath, 1,777 sqft multi-family home built in 1950.

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.

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.