Strategic Location Prime Urban Corridor: Located on New Bern Avenue, a major thoroughfare offering high visibility and easy access to downtown Raleigh, I-440, and other key transportation routes. Proximity to Downtown Raleigh: Within walking and biking distance to a hub of business, education, and entertainment, driving tenant and buyer demand. Rapidly Growing Market: Situated in a neighborhood experiencing strong growth, with increasing property values and new developments in the pipeline. Development Potential Zoning Flexibility: Zoning allows for multifamily, mixed-use, or commercial development, catering to a variety of investment strategies (confirm zoning specifics with the city). Expansive Lot Size: Combined acreage provides ample space for mid-size projects, ideal for developers aiming to capitalize on the growing demand for housing and retail. High Density Potential: The area's demand for urban housing supports high-density residential projects, ensuring strong rental or resale income opportunities. Economic Drivers Population Growth: Raleigh is one of the fastest-growing cities in the U.S., creating consistent demand for housing and commercial spaces. Employment Hubs Nearby: Close proximity to Raleigh's thriving job market, including universities, healthcare institutions, and corporate offices. Walkable & Transit-Friendly: Accessible to public transportation and near key amenities like schools, shopping, and healthcare, ensuring appeal to future tenants and buyers. Investment Security Emerging Neighborhood: Located in a transitional area that is attracting redevelopment and investment, creating opportunities for significant upside potential. Appreciation Potential: With Raleigh's booming real estate market, properties in this area are well-positioned for long-term appreciation. Strong Rental Demand: The nearby downtown area and surrounding neighborhoods drive consistent demand for both residential and commercial rentals. Value-Add Opportunity Customizable Development: Investors have the flexibility to design and build according to market demands, whether it's urban apartments, townhomes, retail, or mixed-use spaces. Scalable Investment: Two adjacent parcels allow for cohesive development, optimizing returns on investment and operational efficiency. Additional photos coming soon. Conceptual mixed use sketches available upon request.
Property Details
Property Features
Listing Office:
Office Name: Offerpad Brokerage LLC
Office Phone: (704) 800-0380
Listing Agent: Dawn Danielle Shephard
Other
Directions Information:
Directions: Headed east out of downtown Raleigh Property located on right side
Price Information
Listing Price Info
Price Summary:
List Price: $1,490,000
Tax Information:
Annual Amount: $1,117
Tax Year: 2021
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Housing Market Comparison
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Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/20/2024, 6:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 29, 2021
Mar 29, 2021Home Sold
$295,000
Nov 22, 2016
Nov 22, 2016Home Sold
$50,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,117
$114,750
2020
$1,096
$114,750
2019
$650
$59,500
2018
$619
$59,500
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Hunter Magnet Elementary School
1018 E Davie St
Distance between this listing and this school0.44 miles
Public Magnet Grades PK-5
6
/10
Poe Magnet Elementary School
400 Peyton St
Distance between this listing and this school0.89 miles
Public Magnet Grades PK-5
4
/10
Southeast Raleigh Elementary School
1436 Rock Quarry Rd
Distance between this listing and this school1.37 miles
Public District Grades PK-5
Nearby Schools
4
/10
Ligon Magnet Middle School
706 E Lenoir St
Distance between this listing and this school0.70 miles
Public Magnet Grades 6-8
4
/10
Moore Square Magnet Middle School
301 S Person St
Distance between this listing and this school0.91 miles
Public Magnet Grades 6-8
5
/10
Carnage Magnet Middle School
1425 Carnage Dr
Distance between this listing and this school1.36 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Phillips High School
1923 Milburnie Rd
Distance between this listing and this school0.58 miles
Public District Grades 9-12
9
/10
Wake Young Men's Leadership Academy
567 E Hargett St
Distance between this listing and this school0.59 miles
Public District Grades 6-12
8
/10
Enloe Magnet High School
128 Clarendon Cres
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $23,019. Most Raleigh, NC residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1246 New Bern Ave
What is the listing price of this property?
The listing price of 1246 New Bern Ave property is $1,490,000.
What type of property is this?
The property 1246 New Bern Ave is land located in Raleigh, North Carolina, 27610.
Is this property for sale now?
Active Listing: 1246 New Bern Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,117 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 29, 2021 for $295,000. (source: MLS/tax record).
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This home is located at 1246 New Bern Ave in Raleigh, NC and zip code 27610 in the Inside the Beltline neighborhood. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,490,000.
While more than 67 listings in Raleigh, NC in November 2024 were sold above asking price, there were more than 101 listings sold at asking price, and more than 257 were sold below. Between October 2024 and November 2024, Raleigh, NC real estate market has seen decrease in the number of listings by 9.7%. The median list price of listings available in November 2024 was $448,424, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
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