Active
8 beds1,777 sqft
700 Glascock St, Raleigh, NC 27604
Est: $3,450/moGet pre-approved
Multi FamilyProperty Type
0.22 acresLot Size
1950Year Built
$337/sq ftPrice per sq ft
10 carsParking Spaces

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, 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

    M: (361) 876-1134

  2. Liz Brown

    Liz Brown

    Alternative Listing Agent

    Compass

    P: (919) 520-7590

    M: (919) 520-7590

69 days on Market
Last updated: 09/16/2026 02:21 PM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10180777

Location

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Payment Calculator

$3,450 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,095

Property Taxes

$355

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 700 Glascock Street

Property Details
  • Taxes: $4,259 / year
  • MLS Type: Residential / Single Family Residence
  • County: Wake County
  • Zoning Description: R-10
  • Subdivision: Capitol Heights
Building Information
  • Stories: 1
  • Year Built: 1950
  • Lot Size: 0.22 AC / 9,583 SF
Summary
Location and General Information
  • Zoning: R-10
  • Directions: From Downtown Raleigh, head North on N. Person St. Turn right onto Glascock St.
  • 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
  • Has City Limits: Yes
  • Lot Number: 24
  • Has Restrictive Covenants: No
Contract Information
  • Has Comp Sale: No
  • Lease Expiration Date: 2026-08-31
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Conn Elementary
  • Middle Or Junior School: Wake - Ligon Middle
  • High School: Wake - William G Enloe High
Parking
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
  • Parking Features: Other
  • Garage: No
Property
Lot Information
  • Building Area Total: 1777.0
  • Architectural Style: Traditional
  • Total Other Area Sq Ft: 320.0
  • Parcel Number: 171413230654000 0042639
  • Structure Type: House, Site Built
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: No
Property and Assessments
  • New Construction: No
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Unknown
  • Foundation Details: Crawlspace
  • Roof: Shingle
  • New Construction Type: House, Site Built, Unknown
Interior Features
  • Levels: One
  • Stories: 1
  • Main Level Bedrooms: 8
  • Master Bedroom 1st Floor: Yes
  • Basement Description: Unfinished
  • Has Fireplace: No
  • Flooring: Luxury Vinyl, Tile, Wood
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Heat Pump
  • Has Heating: Yes
  • Appliances: Electric Range, Refrigerator, Washer/Dryer
  • Laundry Features: Common Area
Room Information
Room 1
  • Type: Primary Bedroom
  • Level: Main
  • Length: 16.0
  • Width: 11.0
Room 2
  • Type: Bedroom 2
  • Level: Main
  • Length: 18.6
  • Width: 7.5
Room 3
  • Type: Bedroom 3
  • Level: Main
  • Length: 9.0
  • Width: 11.0
Room 4
  • Type: Bedroom 4
  • Level: Main
  • Length: 11.0
  • Width: 11.2
Room 5
  • Type: Bedroom 5
  • Level: Main
  • Length: 5.6
  • Width: 14.3
Room 6
  • Type: Other
  • Level: Main
  • Description: Bedroom 6
  • Length: 9.3
  • Width: 13.0
Room 7
  • Type: Other
  • Level: Main
  • Description: Bedroom 7
  • Length: 9.3
  • Width: 16.5
Room 8
  • Type: Other
  • Level: Main
  • Description: Bedroom 8
  • Length: 9.3
  • Width: 13.6
Rental
Rental Information
  • Lease Term: Month To Month

Property History for 700 Glascock Street

DateEvent & SourcePriceAppreciation
Sep 14, 2026

Price Change

Doorify MLS (fka Triangle MLS) #10180777

$599,000
Aug 17, 2026

Withdrawn

Doorify MLS (fka Triangle MLS) #10174326

$625,000
Jul 17, 2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10180777

$625,000
DateEvent & SourcePrice
09/14/2026

Price Change

Doorify MLS (fka Triangle MLS) #10180777

$599,000
08/17/2026

Withdrawn

Doorify MLS (fka Triangle MLS) #10174326

$625,000
07/17/2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10180777

$625,000

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 Built1950Year Renovated1950ZoningR-10CountyWAKEAPN1714.13-23-0654-000

Schools near 700 Glascock 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 - 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.

Similar Homes

700 Glascock Street is a multi-family home for sale in Raleigh, NC 27604. This property was listed for sale on July 17, 2026 by Compass, it's currently listed at $599,000. It has been on the market for a total of 69 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.

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