618 West Lane Street

Raleigh, NC 27603

$966,000
Price
5
Beds
3
Baths
2,061 Sq. Ft.
$469 / Sq. Ft.
2,061
Sq. Ft.
$469
per Sq. Ft.

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!
  1. Listed by Matt Bergevin • Real Broker, LLC

Property Details for 618 West Lane Street

Subdivision
Not in a Subdivision

Location

Listing Courtesy of Real Broker, LLC
Add your commute
LISTING UPDATED: 04/09/2024 04:59 PM

Property Details for 618 West Lane Street

StatusActive
MLS #10010930
Days on Market80
Taxes$5,278 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1939
Lot Size0.13 AC / 5,662 SF
CountyWake County

Location

Listing Courtesy of Real Broker, LLC
Add your commute

Building Information for 618 West Lane Street

Stories1Residences3Year Built1939Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$5,712 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,272

Property Taxes

$440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 618 West Lane Street

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
  • City Limits YN: Yes
  • Lot Number: 1
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2024-04-30
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
School Information
  • Elementary School: Wake - Wiley
  • Middle Or Junior School: Wake - Oberlin
  • High School: Wake - Broughton
Parking
  • Open Parking: Yes
  • Parking Features: Concrete, Gravel, Off Street, On Street
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 2061.0
  • Lot Size Dimensions: See Recorded Plat Map
  • Architectural Style: A-Frame
  • Total Other Area Sq Ft: 0
  • Parcel Number: 1704402612
Property and Assessments
  • New Construction: No
  • Photos Count: 40
  • Below Grade Finished Area: 320.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Unknown
  • Foundation Details: Combination
  • Patio And Porch Features: Deck
  • Pool Private: No
  • 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
  • Fireplace Y N: Yes
  • Fireplaces Total: 1
  • Flooring: Hardwood, Vinyl
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Other
  • Heating?: Yes
  • Laundry Features: Multiple Locations
  • Interior: Concrete, Gravel, Off Street, On Street, Unknown, Multiple Locations
  • Equipment: Multiple Locations, Concrete, Gravel, Off Street, On Street
Multi Family
Unit Information
  • Total Units: 3
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Other
Units Information
Units Details
  • Number Of Units Month To Month: 1.0
Unit One
  • Unit One: Above Grade Finished Area: 1011.0
  • Unit One: Actual Rent: 1500.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 2.0
  • Unit One: Dining Room: true
  • Unit One: Fireplace: true
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
  • Unit One: Unit Type: 2 Bedroom
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Above Grade Finished Area: 730.0
  • Unit Two: Actual Rent: 1295.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Deck: true
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
  • Unit Two: Unit Type: 2 Bedroom
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Actual Rent: 700.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 1.0
  • Unit Three: Below Grade Finished Area: 321.0
  • Unit Three: Kitchen: true
  • Unit Three: Living Room: true
Unit Four
  • Unit Four: Unit Type Description: N/A

Property History for 618 West Lane Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 618 West Lane Street

Taxable ValueLand$368,095Additions$114,360Total$482,455
Tax Record2023$5,279 ($440 / month)
Home Facts
Baths3Total Finished SqFt2,619 SqFtAbove Grade Finished SqFt2,619 SqFtStories1Lot Size5,663 SqFtStyleSingle Family ResidenceYear Built1939Year Renovated1965ZoningOX-3CountyWAKEAPN1704.18-40-2612 0017073

Schools near 618 West Lane Street

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

Oberlin Middle School
Public6 to 8

Needham Broughton High
Public9 to 12

North Wake College And Career Academy
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

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618 West Lane Street is a multi-family home for sale in Raleigh, NC 27603. This property was listed for sale on February 9, 2024 by Real Broker, LLC, it's currently listed at $966,000. It has been on the market for a total of 80 days and was last sold on June 21, 2005. This listing's school district is Wake County School District. Nearby schools include Wiley Elementary, Oberlin Middle School and Needham Broughton High. 618 West Lane Street is a 5-bed, 3-bath, 2,061 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA competitive or home valuation of any property.