Investor Opportunity in Forest Hills | Teardown, Renovation or New Build. Rare opportunity to acquire a property in one of Raleigh's most desirable locations, just minutes from the Village District. Positioned on a generous homesite with mature trees and surrounded by established homes, 2601 Van Dyke Avenue offers investors, builders, and developers the flexibility to renovate the existing home, pursue a teardown, or create a new custom build in an established neighborhood. The existing classic ranch has been lovingly owned by the same family since it was built and features original hardwood floors, solid structural integrity, and plenty of character. For an investor looking to add value, the property provides multiple paths to maximize its potential — from a full renovation or expansion to replacing the existing structure with a new construction home. Existing new construction plans and permits are available at closing, offering a valuable starting point for buyers considering a future build and helping streamline the vision for the property. An adjacent parcel is also available, creating the opportunity to acquire two side-by-side properties for multiple new builds, a larger homesite, or a private estate. The location adds to the investment appeal. Just minutes from the Village District, Downtown Raleigh, NC State, Jaycee Park, and Latta University Historic Park, the property is surrounded by restaurants, coffee shops, shopping, parks, and established residential neighborhoods. Whether you're looking for a teardown opportunity, new-build site, renovation project, or long-term investment in Forest Hills, this property offers the location and flexibility that make it worth a closer look. Opportunities to acquire a property with this combination of prime location, generous homesite, and redevelopment potential are increasingly rare. Home is being sold as-is, where is.
For sale
Price cut: $40K (7/15)
$715,000
2601 Van Dyke Ave, Raleigh, NC 27607
3beds
1,158sqft
Single Family Residence
Built in 1939
8,712 Square Feet Lot
$689,900 Zestimate®
$617/sqft
$-- HOA
What's special
Classic ranchOriginal hardwood floorsSolid structural integrityMature treesGenerous homesite
- 98 days
- 431
- 7
Zillow last checked:
Listing updated:
Listed by:
Jason Queen 919-606-2905,
Monarch Realty Co.
Source: Doorify MLS,MLS#: 10170652
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Heating
- Other
Cooling
- None
Appliances
- Included: None
Features
- Flooring: Linoleum, Wood
- Basement: Other
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,158
- Total interior livable area: 1,158 sqft
- Finished area above ground: 1,158
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached, Driveway, Off Street, On Street
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: None
Lot
- Size: 8,712 Square Feet
- Dimensions: 59 x 150 x 56 x 152
- Features: City Lot, Few Trees
Details
- Parcel number: 079416848590000 0025574
- Zoning: R-6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- See Remarks
- Foundation: Combination, Crawlspace
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None
Community & HOA
Community
- Features: Park, Playground, Restaurant, Street Lights, Sidewalks, Historical Area
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $617/sqft
- Tax assessed value: $495,514
- Annual tax amount: $4,341
- Date on market: 5/29/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$689,900
$655,000 - $724,000
$2,188/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Price change | $715,000-5.3%$617/sqft |
Source: | ||
| 5/29/2026 | Listed for sale | $755,000+31.3%$652/sqft |
Source: | ||
| 5/18/2026 | Sold | $575,000-4.2%$497/sqft |
Source: | ||
| 2/2/2026 | Pending sale | $600,000$518/sqft |
Source: | ||
| 1/16/2026 | Listed for sale | $600,000+1.9%$518/sqft |
Source: | ||
| 1/31/2017 | Sold | $589,000$509/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,341 +0.4% | $495,514 |
| 2024 | $4,324 +9.7% | $495,514 +37.7% |
| 2023 | $3,942 +7.6% | $359,773 |
| 2022 | $3,663 | $359,773 |
| 2021 | -- | $359,773 |
| 2020 | -- | $359,773 +21.4% |
| 2019 | -- | $296,453 |
| 2018 | -- | $296,453 |
| 2017 | -- | $296,453 |
| 2016 | -- | $296,453 +5.7% |
| 2015 | -- | $280,540 |
| 2014 | -- | $280,540 |
| 2013 | -- | $280,540 |
| 2012 | -- | $280,540 |
| 2011 | -- | $280,540 |
| 2010 | -- | $280,540 |
| 2009 | -- | $280,540 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Wade
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Olds Elementary
- Middle: Wake - Martin Middle
- High: Wake - Needham Broughton High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







