Farlow Rd Investment Package – Raleigh, NC
Addresses:
1425 Farlow Rd
1429 Farlow Rd
1501 Farlow Rd
1507 Farlow Rd
Package Overview:
4 rental properties being sold as a bundle
Located in quiet Southern Acres neighborhood, ~7 miles (15 min) from Downtown Raleigh. Close to shopping(Costco/Walmart/Harris Teeter).
Easy access to I-540, RDU & downtown
Pricing:
Package: $400,000 ($100K per property)
Rental Income:
1425 Farlow Rd – $1050/mo
1429 Farlow Rd – $850/mo
1501 Farlow Rd – $950/mo
1507 Farlow Rd – $950/mo
Total: $3,800/mo | $45,600/year
Approx. Gross Yield: 11.7%
Property Details:
3 older manufactured homes + 1 newer (1997)
Lots: ~Approximately 0.5 acres each (total ~2 acres)
1425 Farlow Rd – 2BR / 2BA, new shingle roof (2025)
Metal roofs on others, seal coated 2025
Independent septic systems & well water
Utilities & Expenses:
Tenants pay electricity & internet
Owner pays trash (~$15/mo) + well electricity (~$40/mo)
Tenants:
All long-term, responsible renters
Leases in place, pay on time
Investment Opportunity:
Keep as cash-flow rentals
Replace with new manufactured homes
Build craftsman-style houses
Small mobile home park or land assemblage
Please see the listing on LoopNet for pictures and detailed information by clicking on this link - https://www.loopnet.com/Listing/1425-Farlow-Rd-Raleigh-NC/39014394/
Sold for $94,000
Street View
$94,000
1425 Farlow Rd, Raleigh, NC 27603
--beds
2baths
896sqft
MobileManufactured
Built in 1997
0.46 Acres Lot
$-- Zestimate®
$105/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
Owner options
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$451/mo
Est. payment
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$451/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Forced air
Cooling
- Central
Interior area
- Total interior livable area: 896 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 0.46 Acres
Details
- Parcel number: 1700074534
Construction
Type & style
- Home type: MobileManufactured
Condition
- Year built: 1997
Community & HOA
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $127,862
- Annual tax amount: $838
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Sold | $94,000-24.8%$105/sqft |
Source: Public Record Report a problem | ||
| 7/7/2026 | Listed for sale | $125,000+123.2%$140/sqft |
Source: Owner Report a problem | ||
| 9/5/2023 | Sold | $56,000-25.3%$63/sqft |
Source: | ||
| 9/4/2023 | Pending sale | $75,000$84/sqft |
Source: | ||
| 7/31/2023 | Contingent | $75,000$84/sqft |
Source: | ||
| 7/26/2023 | Listed for sale | $75,000-72.7%$84/sqft |
Source: | ||
| 2/4/2022 | Sold | $275,000$307/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $838 +6.8% | $127,862 -0.7% |
| 2024 | $784 +235.2% | $128,823 +329.4% |
| 2023 | $234 +8% | $30,000 |
| 2022 | $217 | $30,000 |
| 2021 | -- | $30,000 |
| 2020 | -- | $30,000 +36.4% |
| 2019 | -- | $22,000 |
| 2018 | -- | $22,000 |
| 2017 | -- | $22,000 |
| 2016 | -- | $22,000 -8.3% |
| 2015 | -- | $24,000 |
| 2014 | $158 | $24,000 |
| 2013 | -- | $24,000 |
| 2012 | -- | $24,000 |
| 2011 | -- | $24,000 |
| 2010 | -- | $24,000 |
| 2009 | -- | $24,000 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: 27603
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Nearby schools
GreatSchools rating
- 8/10Vandora Springs ElementaryGrades: PK-5Distance: 2.2 mi
- 3/10North Garner MiddleGrades: 6-8Distance: 3.6 mi
- 5/10Garner HighGrades: 9-12Distance: 2.3 mi
- North Carolina
- Wake County
- Raleigh
- 27603
- 1425 Farlow Rd