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Sold for $475,000 on 03/28/24
  • $475,000

    5101 Memory Rd, Raleigh, NC 27609

    3beds
    1,348sqft
    Single Family Residence, Residential
    Built in 1958
    0.41 Acres Lot
    $511,700 Zestimate®
    $352/sqft
    $1,847 Estimated rent

    What's special

    Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5105 Memory Rd as a simuataneous closing/transaction--seeMLS-2532285 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.

    Zillow last checked: 7 hours ago

    Listing updated: July 18, 2025 at 07:34pm

    Listed by:

    Philip Layton 919-740-3324,

    Market-One Realty, LLC

    Bought with:

    Dana Lemon, 337926

    Property Specific, LLC

    Source: Doorify MLS,MLS#: 2532283MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • None
    Cooling
    • None
    Features
    • Flooring: Vinyl
    • Basement: Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,348
    • Total interior livable area: 1,348 sqft
    • Finished area above ground: 1,348
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Concrete, Driveway
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    Lot
    • Size: 0.41 Acres
    • Dimensions: 100 x 175 x 100 x 179
    Details
    • Parcel number: 1716448195

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1958

    Community & neighborhood

    Location
    • Region: Raleigh
    • Subdivision: Not in a Subdivision

    HOA & financial

    HOA
    • Has HOA: No
    Services availability
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    Estimated market value

    $511,700