MLS# 10047058 – 516 Rush Street, Raleigh, NC 27610

$2,500,000 - 3Br/2Ba - for Sale in Home Acres, Raleigh
Price: $2,500,000
Beds: 3
Baths: 2
Living Area SqFt: 729
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.49
Lot Size SqFt: 21,344
Year Built: 1952
Neighborhood: Home Acres
Days on Website: 101

Courtesy of Compass — Raleigh, Marianne Mansour.

Property Description

Discover an exceptional investment opportunity with three contiguous lots on Rush and Marion Streets, offering both immediate income and significant growth potential. 516 Rush St. is a three-bedroom property currently operating as a weekly rental. Zoned RX-3, with potential for a 3-story building with some commercial use. Adjacent to it is a newly constructed 10-room, 10-bath duplex on Marion St., slated for completion in December 2024, with projected monthly income of $6,500.00 – $7,000.00. Together, the three parcels span approximately 1.67 acres. Located near the growing Garner and CrossLink Roads corridor and the popular Crosstowne Subdivision, this property is perfectly positioned for future appreciation. For more details, refer to MLS listing #10047059 / 2806 Marion. Owner financing is available.

Property Details and Features

  • Property Access
  • Road Surface Type: “Asphalt”
  • Bathrooms
  • 2 full bathrooms
  • 2 total bathrooms
  • 2 total bathrooms
  • Bedrooms
  • 3 bedrooms
  • Building
  • Building Area Total: 729
  • Building Area Units: Square Feet
  • Construction Materials: “Concrete”
  • Living Area Units: Square Feet
  • Living Area: 729
  • Structure Type: “Site Built”
  • Year Built: 1952
  • Cooling
  • Cooling: “Heat Pump”
  • Cooling Included
  • Floors
  • Flooring: “Hardwood”, “Linoleum”
  • Foundation
  • Foundation Details: “Block”
  • Heating
  • Heating: “Electric”, “Forced Air”
  • Heating Included
  • Listing
  • Days On Market: 99
  • Lease Term: Negotiable
  • Location
  • Subdivision Name: Home Acres
  • Lot
  • Lot Features: “Corner Lot”
  • Lot Size Acres: 0.49
  • Lot Size Area: 21344.4
  • Lot Size Square Feet: 21344.4
  • Lot Size Units: Square Feet
  • Parcel Number: 1702940701
  • Parking
  • Parking Features: Additional Parking
  • Open Parking
  • Property
  • Property Sub Type: Single Family Residence
  • Roof
  • Roof: “Shingle”
  • Schools
  • High School: Wake – Middle Creek
  • Middle Or Junior School: Wake – North Garner
  • Elementary School: Wake – Smith
  • Sewer
  • Sewer: “Public Sewer”
  • Taxes
  • Tax Annual Amount: 1565
  • Utilities
  • Utilities: “Cable Available”, “Electricity Connected”, “Natural Gas Available”, “Sewer Connected”, “Water Connected”
  • Water Source: “Public”

Property Map

$2,500,000 – 516 Rush Street, Raleigh, NC 27610

Street View

Nearby Schools

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