Excellent development opportunity in a prime Raleigh location with seller financing available! Zoned OX-5 with a preliminary site plan for multifamily or up to 10 townhomes. The property includes a natural area ideal for a community garden, pocket park, walking trail, or other landscaped amenity. Recently recombined to 1.634 acres with a recorded right-of-way providing additional access from New Bern Ave. Just minutes to WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. The New Bern Ave BRT (Bus Rapid Transit) corridor has recently begun construction. Now is the time to invest in this emerging, transit-oriented health and education district!
Lot/land
$1,050,000
2802 Milburnie Rd, Raleigh, NC 27610
--beds
--baths
1.63Acres
Unimproved Land
Built in ----
1.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Walking trailPocket park
- 2 days |
- 27 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: February 10, 2026 at 02:08pm
Listed by:
Beth Martin,
EXP Realty LLC
Source: eXp Realty,MLS#: 10145535
Facts & features
Property
Features
- Has view: Yes
Lot
- Size: 1.63 Acres
Details
- Parcel number: 172417112424000 0016109
- Zoning: OX-5
- Special conditions: Standard
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available
Community & HOA
Community
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Tax assessed value: $386,814
- Annual tax amount: $3,373
- Date on market: 2/10/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,821/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Listed for sale | $1,050,000 |
Source: eXp Realty #10145535 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,373 +0.4% | $386,814 |
| 2024 | $3,359 +20.7% | $386,814 +51.5% |
| 2023 | $2,783 +7.7% | $255,297 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: East Raleigh
Nearby schools
GreatSchools rating
- 4/10Douglas ElementaryGrades: PK-5Distance: 4.3 mi
- 6/10Martin MiddleGrades: 6-8Distance: 5.6 mi
- 7/10William G Enloe HighGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: eXp Realty. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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