850 Athens Dr

Raleigh, NC 27606

$639,000
Price
8
Beds
2,727 Sq. Ft.
$234 / Sq. Ft.
2,727
Sq. Ft.
$234
per Sq. Ft.
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Description

Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation...Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!
  1. Listed by George Patrick III • Berkshire Hathaway HomeService

Property Details for 850 Athens Drive

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 06/09/2026 11:37 AM

Property Details for 850 Athens Drive

StatusActive
MLS #10168019
Days on Market25
Taxes$3,768 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Triplex
Year Built1965
Lot Size0.55 AC / 23,958 SF
CountyWake County
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Location

Listing Courtesy of Berkshire Hathaway HomeService
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Building Information for 850 Athens Drive

Stories1Residences-Year Built1965Building Size-Lot Size0.55 AC / 23,958 SF

Payment Calculator

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$3,498 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,184

Property Taxes

$314

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 850 Athens Drive

Summary
Location and General Information
  • Zoning: R-6
  • Directions: From I40/US64 to Jones Franklin Rd. Exit 1C from 1440E/US1. Continue on Jnes Franklin Rd Drive to Athens Dr. Triplex is on the Right.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.77659
  • Longitude: -78.720181
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $3,768.22
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 78-81
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2027-01-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Farmington Woods Elementary
  • Middle Or Junior School: Wake - Martin Middle
  • High School: Wake - Athens Drive High
Parking
  • Open Parking: Yes
  • Garage: No
Property
Lot Information
  • Building Area Total: 2727.0
  • Architectural Style: Traditional
  • Total Other Area Sq Ft: 0
  • Parcel Number: 078306279698000 0010286
  • Structure Type: Triplex
  • Enhanced Accessible: No
  • Primary Residence YN: No
Property and Assessments
  • New Construction: No
  • Photos Count: 32
  • Property Attached: Yes
  • 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: Brick
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Brick, Triplex
Interior Features
  • Levels: One
  • Stories: 1
  • Master Bedroom 1st Floor: 8
  • Flooring: Hardwood, Tile
  • Cooling: Window Unit(s)
  • Cooling?: Yes
  • Heating: Electric, Radiant Floor
  • Heating?: Yes
  • Appliances: Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
  • Equipment Appliances: Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
  • Interior: Brick
  • Equipment: Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
Room Information
Room Information
  • Rooms Total: 8.0
Room 1
  • Room Description: 850 Athens Drive
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 2
  • Room Description: 850 Athens Drive
  • Room Level: Main
  • Room Type: Bedroom 2
Room 3
  • Room Description: 850 Athens Drive
  • Room Level: Main
  • Room Type: Bedroom 3
Room 4
  • Room Description: 852 Athens Drive
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 5
  • Room Description: 852 Athens Drive
  • Room Level: Main
  • Room Type: Bedroom 2
Room 6
  • Room Description: 854 Athens Drive
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 7
  • Room Description: 854 Athens Drive
  • Room Level: Main
  • Room Type: Bedroom 2
Room 8
  • Room Description: 854 Athens Drive
  • Room Level: Main
  • Room Type: Bedroom 3
Agent
Sale and Listing
  • Property Type: Residential
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 850 Athens Drive

DateEvent & SourcePriceAppreciation
Jun 9, 2026

Price Change

TRIANGLEMLS #10168019

$639,000—
May 15, 2026

Listed (Active)

TRIANGLEMLS #10168019

$659,000—
May 26, 2021

Sold (Public Record)

Public Record #1461393594

$410,000—
DateEvent & SourcePrice
06/09/2026

Price Change

TRIANGLEMLS #10168019

$639,000
05/15/2026

Listed (Active)

TRIANGLEMLS #10168019

$659,000
05/26/2021

Sold (Public Record)

Public Record #1461393594

$410,000

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

Public Records for 850 Athens Drive

Taxable ValueLand$143,550Additions$281,655Total$425,205
Tax Record2025$3,768 ($314 / month)
Home Facts
Total Finished SqFt2,720 SqFtAbove Grade Finished SqFt2,720 SqFtStories1Lot Size23,958 SqFtStyleTriplexYear Built1965Year Renovated1980ZoningR-6CountyWAKEAPN0783.06-27-9698 0010286

Schools near 850 Athens Drive

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Farmington Woods Elementary
Public - PK to 5
Martin Middle
Public - 6 to 8
Athens Drive High
Public - 9 to 12
Mount Vernon
Public - K to 8
Rating
School
Distance
Farmington Woods Elementary
PublicPK to 5

Martin Middle
Public6 to 8

Athens Drive High
Public9 to 12

Mount Vernon
PublicK to 8

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 850 Athens Drive, Raleigh, NC 27606

850 Athens Drive is a multi-family home for sale in Raleigh, NC 27606. This property was listed for sale on May 15, 2026 by Berkshire Hathaway HomeService, it's currently listed at $639,000. It has been on the market for a total of 25 days and was last sold on May 26, 2021. This listing's school district is Wake County School District. Nearby schools include Farmington Woods Elementary, Martin Middle and Athens Drive High. 850 Athens Drive is a 8-bed, 3-bath, 2,727 sqft multi-family home built in 1965.

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 Berkshire Hathaway HomeService

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.