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517 Buck Jones Road, Raleigh, NC 27606

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For Sale

$2,380,890

4.84 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 4.8 acres
    Lot size

Explore this Property

Prime Development Opportunity with Immediate Cash Flow in Raleigh, NC This exceptional 3186 sq. ft. property features a fully renovated Midcentury home, currently operating as a successful short-term rental, generating steady cash flow while your development project progresses. The site has ASR approval for a 64-unit multifamily apartment development, with the flexibility to convert to a 54-unit townhome community with minor modifications to the approved ASR. Strategic Location: Situated in a Frequent Transit Area, this property supports higher density and offers significant growth potential in Raleigh's booming market. Market Insights: Townhomes in the area are selling for $589K per unit, highlighting strong demand and the high value of this site. Affordable Housing Component: The project requires 20% of units (beyond the first 12) to meet affordability criteria, aligning with the growing demand for attainable housing while enhancing community impact and project appeal. Inclusions: The sale includes Lot 5323 Barclay Dr., Raleigh, NC. This is a rare opportunity to capitalize on Raleigh's thriving market, delivering a high-impact project in a prime location with unmatched accessibility to major hubs, all while benefiting from immediate rental income from the renovated Midcentury home
MLS# 10097033

Courtesy Of NorthGroup Real Estate LLC

(704) 412-2804

Property Features

  • Architecture Style
    Other
  • Lot Size
    4.84 Acres

Map and Directions

Directions to 517 Buck Jones Road, Raleigh, NC 27606

Home seller CENTURY 21 Triangle Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Triangle Group

(919) 552-4517
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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