Lot/land

Price cut: $75K (4/7)

$975,000

2802 Milburnie Road, Raleigh, NC 27610

--beds

--baths

1.63Acres

Unimproved Land

Built in ----

1.63 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Natural area

Exceptional development opportunity in a rapidly evolving Raleigh corridor! This 1.634-acre site is zoned OX-5 and offers outstanding flexibility with a preliminary site plan supporting multifamily development or up to 10 townhomes. A recorded right-of-way provides additional access from New Bern Avenue, enhancing connectivity and future potential. The property also features a natural area that could serve as a community garden, pocket park, or other thoughtfully designed green space. Ideally located just minutes from WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail, the site is positioned to benefit from the ongoing transformation of the New Bern Avenue Bus Rapid Transit (BRT) corridor, where construction is now underway. Seller financing is available, making this a compelling opportunity to invest in Raleigh's growing transit-oriented health and education district.

139 days

23

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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

Date	Event	Price
4/7/2026	Price change	$975,000-7.1%
Source: eXp Realty #10145535 Report a problem
2/10/2026	Listed for sale	$1,050,000
Source: eXp Realty #10145535 Report a problem

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
2022	$2,585 +4.1%	$255,297
2021	$2,484 +1.9%	$255,297
2020	$2,439 +126%	$255,297 +174.2%
2019	$1,079	$93,093
2018	$1,079 +11.4%	$93,093
2017	$968 +2.1%	$93,093
2016	$948 -1.3%	$93,093 +0.3%
2015	$961	$92,784

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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