Priced to sell! 175K price improvement!!!!! Remarkable investment opportunity w/ this duplex located in prime downtown Raleigh! (Also available-513 Hoke street (adjacent) ! While this property requires extensive renovations, it presents an incredible canvas for seasoned investors looking to add value and build on the surrounding growth. Each building sits on .16 acres, features two-- 3 bed 1 bath, ideal for long or short term rental opportunities. With a tax land value alone of $300,000 (DOUBLE your investment if both purchased). Only a 6 min drive to NC State & 4 min to the newly developed Dorthea Dix Park, featuring The 18.5 acre Gipson Play Area w/ multiple playgrounds, sensory maze, splash fountain & more! Encircled by NEW construction, this is an opportunity to secure properties in an ideal location! 10 min to Walnut Creek Amphitheater, 3 min to the Convention Center, restaurants, culture- endless posibilities! Ability to capitalize on a prime investment & make this property your next success story!
For sale
$425,000
515 Hoke St, Raleigh, NC 27601
6beds
1,728sqft
Est.:
Duplex, Residential, Multi Family
Built in 1983
-- sqft lot
$414,400 Zestimate®
$246/sqft
$-- HOA
What's special
- 85 days |
- 617 |
- 21 |
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 01:16am
Listed by:
Elisabeth Kane 813-428-2279,
Allen Tate/ Lake Royale
Source: Doorify MLS,MLS#: 10115335
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Cooling
- None
Appliances
- Included: None
Features
- Flooring: Carpet, Vinyl, None
- Basement: Crawl Space
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area above ground: 1,728
- Finished area below ground: 0
Property
Parking
- Total spaces: 12
- Parking features: Open
- Uncovered spaces: 6
Features
- Levels: Bi-Level
- Spa features: None
- Has view: Yes
Lot
- Size: 6,969.6 Square Feet
Details
- Parcel number: 1703.16930077.000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Residential, Multi Family
- Attached to another structure: Yes
Materials
- Unknown
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: South Park
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $246/sqft
- Annual tax amount: $3,043
- Date on market: 10/13/2025
Estimated market value
$414,400
$394,000 - $435,000
$2,507/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2025 | Listed for sale | $425,000-29.2%$246/sqft |
Source: | ||
| 10/3/2025 | Listing removed | $599,900$347/sqft |
Source: | ||
| 9/26/2025 | Pending sale | $599,900$347/sqft |
Source: | ||
| 8/12/2025 | Listed for sale | $599,900+306.7%$347/sqft |
Source: | ||
| 10/24/2008 | Listing removed | $147,500$85/sqft |
Source: Listhub #1617166 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,420/mo
Principal & interest
$2030
Property taxes
$241
Home insurance
$149
Climate risks
Neighborhood: Central
Nearby schools
GreatSchools rating
- 6/10Fuller ElementaryGrades: PK-5Distance: 0.8 mi
- 10/10Carnage MiddleGrades: 6-8Distance: 0.3 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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