''Don't let this one fool you! It hits well outside its weight class!'' Discover a turnkey investment opportunity in one of Downtown Raleigh's most promising growth corridors. Situated on a spacious fenced lot on 1023 Holmes Street, this fully furnished, high-performing Airbnb and ADU offer immediate income and exceptional flexibility for investors, owner-occupants, or those with multigenerational needs. The home blends comfort and function with a thoughtful layout that includes a main-level owner's suite, a finished lower level with a kitchenette/wet bar ideal for guests or long-term stays, hardwood floors, and a private outdoor space that enhances the lifestyle appeal. Plus an EV charger and outdoor storage shed for all your extra needs! Its location places guests and residents just moments from Downtown Raleigh's vibrant dining, culture, and parks—including the rapidly revitalizing Chavis Park, which continues to anchor growth in this area. With strong rental history, an up-and-coming urban setting, and the rare ability to enjoy and monetize the property from day one, this is a standout opportunity for those seeking both lifestyle and long-term value in the Triangle's thriving real estate market.
Sold for $615,000 on 12/30/25
$615,000
1023 Holmes St, Raleigh, NC 27601
3beds
1,946sqft
Single Family Residence, Residential
Built in 1974
0.25 Acres Lot
$615,300 Zestimate®
$316/sqft
$2,858 Estimated rent
Home value
$615,300
$585,000 - $646,000
$2,858/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 31, 2025 at 07:52pm
Listed by:
Erica Jevons Sizemore 919-740-7670,
Keller Williams Realty
Bought with:
Sherry Byrd, 294877
HomeTowne Realty
Source: Doorify MLS,MLS#: 10133301
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric, Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Water Heater
- Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Main Level, Upper Level, Washer Hookup
Features
- Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Entrance Foyer, Kitchen Island, Open Floorplan, Quartz Counters, Recessed Lighting, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower
- Flooring: Carpet, Hardwood, Tile
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Den, Fireplace Screen, Wood Burning
Interior area
- Total structure area: 1,946
- Total interior livable area: 1,946 sqft
- Finished area above ground: 1,024
- Finished area below ground: 922
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway, Gravel, Paved, Unpaved
- Uncovered spaces: 2
Features
- Levels: Multi/Split
- Stories: 1
- Patio & porch: Patio, Porch
- Exterior features: Fenced Yard, Rain Gutters
- Pool features: None
- Fencing: Back Yard, Fenced, Partial, Wood
- Has view: Yes
Lot
- Size: 0.25 Acres
- Features: Back Yard, Front Yard, Hardwood Trees, Landscaped
Details
- Additional structures: Guest House
- Parcel number: 0047094
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, HardiPlank Type
- Foundation: Combination
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $615,000-1.6%$316/sqft |
Source:  Doorify MLS #10133301 | ||
| 11/26/2025 | Pending sale | $625,000$321/sqft |
Source: Doorify MLS #10133301 | ||
| 11/14/2025 | Listed for sale | $625,000+90%$321/sqft |
Source: Doorify MLS #10133301 | ||
| 1/4/2019 | Sold | $329,000-6%$169/sqft |
Source: Doorify MLS #2211089 | ||
| 11/7/2018 | Pending sale | $349,900$180/sqft |
Source: Raleigh Cary Realty Inc. #2211089 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,378 +0.4% | $612,088 |
| 2024 | $5,356 +26.7% | $612,088 +59.3% |
| 2023 | $4,228 +25.9% | $384,182 +16.5% |
Find assessor info on the county website
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 6/10Fuller ElementaryGrades: PK-5Distance: 0.9 mi
- 10/10Carnage MiddleGrades: 6-8Distance: 0.3 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Wake - Fuller
- Middle: Wake - Carnage
- High: Wake - Broughton
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$615,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$615,300