🏗️ Prime Development Opportunity Near the Fairgrounds !Location, Location, Location! Seize this exceptional opportunity to acquire two adjacent parcels totaling 0.92 acres of highly valuable commercial land, strategically located with unbeatable proximity to the bustling Fairgrounds and the area's planned future development zones.This offering is ideal for developers, rehabbers, investors, and businesses looking to capitalize on a high-growth corridor.Key Investment Highlights: Total Acreage: 0.92 Acres 5416 Chapel Hill rd is .49 acres and 103 Gary St is.43acres Sold separately for $356K).Strategic Location: Direct adjacency and easy access to the Fairgrounds, making it perfect for supporting businesses, hospitality, or mixed-use development (subject to zoning approval).Development Ready: The value lies squarely in the land. Both existing structures are tear-downs, offering a clean slate for your vision. Demolition Quotes Available: We have secured preliminary demolition quotes for both houses to streamline your development timeline and provide immediate clarity on initial costs.
Sold for $500,000
$500,000
5416 Chapel Hill Rd, Raleigh, NC 27607
4beds
2,970sqft
Single Family Residence, Residential
Built in 1930
0.49 Acres Lot
$499,900 Zestimate®
$168/sqft
$4,222 Estimated rent
Home value
$499,900
$475,000 - $525,000
$4,222/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Marika La Sorsa 919-906-9560,
Coldwell Banker HPW
Bought with:
Joe Alercia, 163402
RE/MAX United
Source: Doorify MLS,MLS#: 10141729
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Hardwood, Tile
- Basement: Exterior Entry, Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,970
- Total interior livable area: 2,970 sqft
- Finished area above ground: 2,970
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: Two
- Stories: 2
- Has view: Yes
Lot
- Size: 0.49 Acres
Details
- Parcel number: 078414326783000 0469730
- Zoning: NX-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Combination
- Roof: Shingle
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Sold | $500,000-2.9%$168/sqft |
Source:  Doorify MLS #10141729 Report a problem | ||
| 3/12/2026 | Pending sale | $515,000$173/sqft |
Source: Doorify MLS #10141729 Report a problem | ||
| 1/16/2026 | Listed for sale | $515,000$173/sqft |
Source: Doorify MLS #10141729 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,150 +0.4% | $358,950 |
| 2024 | $3,137 -20% | $358,950 +0.3% |
| 2023 | $3,922 +46.8% | $357,993 |
| 2022 | $2,672 +4% | $357,993 +36.7% |
| 2021 | $2,568 +1.8% | $261,897 |
| 2020 | $2,522 -21.1% | $261,897 -3.8% |
| 2019 | $3,195 | $272,233 |
| 2018 | $3,195 +11.2% | $272,233 |
| 2017 | $2,872 +2.1% | $272,233 |
| 2016 | $2,814 +1.1% | $272,233 +2.7% |
| 2015 | $2,784 +5.4% | $264,969 |
| 2014 | $2,641 | $264,969 |
| 2013 | -- | $264,969 |
| 2012 | -- | $264,969 |
| 2011 | -- | $264,969 |
| 2010 | -- | $264,969 |
| 2009 | -- | $264,969 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 8/10Kingswood ElementaryGrades: PK-5Distance: 3.4 mi
- 8/10Reedy Creek MiddleGrades: 6-8Distance: 3.2 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.6 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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Estimated market value
$499,900
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
$499,900
- North Carolina
- Wake County
- Raleigh
- 27607
- West Raleigh
- 5416 Chapel Hill Rd