Investor Opportunity in Oakwood! Rare chance to own a fully rented duplex in one of Raleigh's most desirable historic neighborhoods. Each unit features a 1-bedroom, 1-bath unit, providing steady rental income from day one. The property sits on an extra-deep lot (205+ ft), offering excellent potential to build an Accessory Dwelling Unit (ADU) and create a third rental stream. Located just minutes from Downtown Raleigh, restaurants, and historic Oakwood's charm, this property is ideal for investors looking to expand their portfolio or secure a long-term hold in a high-demand area. With current tenants in place and strong upside potential, this duplex is a turnkey rental investment with room to grow.
Sold for $662,500 on 12/15/25
$662,500
536 E Jones St, Raleigh, NC 27601
2beds
1,438sqft
Duplex, Residential
Built in 1920
-- sqft lot
$697,400 Zestimate®
$461/sqft
$2,056 Estimated rent
Home value
$697,400
$663,000 - $732,000
$2,056/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 07:49am
Listed by:
Sylvain Dufour 305-318-2724,
Keller Williams Realty
Bought with:
Ben Steel, 264418
Esse Steel Co.
Source: Doorify MLS,MLS#: 10124897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Cooling
- Central Air, Gas, Window Unit(s)
Appliances
- Included: Dishwasher, Gas Range, Gas Water Heater, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
Features
- Flooring: Hardwood
Interior area
- Total structure area: 1,438
- Total interior livable area: 1,438 sqft
- Finished area above ground: 1,438
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
Features
- Levels: Bi-Level
- Stories: 2
- Fencing: Back Yard
- Has view: Yes
Lot
- Size: 7,405 sqft
Details
- Parcel number: 0068878
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Residential
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $662,500-5.4%$461/sqft |
Source:  Doorify MLS #10124897 Report a problem | ||
| 10/6/2025 | Pending sale | $700,000$487/sqft |
Source: Doorify MLS #10124897 Report a problem | ||
| 10/1/2025 | Listed for sale | $700,000+17.6%$487/sqft |
Source: Doorify MLS #10124897 Report a problem | ||
| 5/2/2023 | Sold | $595,000+6.3%$414/sqft |
Source: Doorify MLS #2493880 Report a problem | ||
| 2/16/2023 | Pending sale | $560,000+143.5%$389/sqft |
Source: Doorify MLS #2493880 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,707 +0.4% | $535,113 |
| 2024 | $4,687 +10.5% | $535,113 +38.8% |
| 2023 | $4,243 +7.6% | $385,636 |
Find assessor info on the county website
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 4/10Conn ElementaryGrades: PK-5Distance: 1 mi
- 6/10Oberlin Middle SchoolGrades: 6-8Distance: 2.7 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Wake - Conn
- Middle: Wake - Oberlin
- High: Wake - Broughton
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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Estimated market value
$697,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$697,400