Property Map
Street View
Courtesy of Compass — Raleigh, Marianne Mansour.
Description
This unique offering includes two duplexes on a shared lot—3809 Virginia St. and 3807 Thelma St.—with flexible options for buyers. Zoned RX-4 with a Transit Overlay District (TOD), the property presents significant development potential, allowing for the construction of a 6-story residential mixed-use building with minimal parking and frontage requirements. Currently, both duplexes are income-producing, with rooms rented by the week. 3809 Virginia St. features 5 beds/5 baths, while 3807 Thelma St. has 4 beds/4 baths and a garage, with each room generating weekly income. Whether you’re looking to capitalize on the immediate rental income or redevelop the property for larger-scale use, this opportunity offers the best of both worlds. Owner financing is available.
Property Details and Features
Bathrooms
- 9 full bathrooms
- 9 total bathrooms
- 9 total bathrooms
Bedrooms
- 9 bedrooms
Building
- Building Area Total: 5376
- Building Area Units: Square Feet
- Construction Materials: “Brick”, “Vinyl Siding”
- Living Area Units: Square Feet
- Living Area: 5376
- Year Built: 1968
Cooling
- Cooling: “Heat Pump”
- Cooling Included
Floors
- Flooring: “Carpet”, “Ceramic Tile”
Foundation
- Foundation Details: “Block”
Garage
- 1 garage space
- Garage Included
Heating
- Heating: “Heat Pump”
- Heating Included
Listing
- Days On Market: 93
- Lease Term: Weekly
Location
- Subdivision Name: Beacon Lake
Lot
- Lot Size Acres: 0.92
- Lot Size Area: 40075.2
- Lot Size Square Feet: 40075.2
- Lot Size Units: Square Feet
- Parcel Number: 111
Parking
- Open Parking
Property
- Property Sub Type: Duplex
- Zoning: R-4
- Attached Property
Roof
- Roof: “Metal”
Schools
- High School: Wake – S E Raleigh
- Middle Or Junior School: Wake – Moore Square Museum
- Elementary School: Wake – Partnership
Sewer
- Sewer: “Public Sewer”
Taxes
- Tax Annual Amount: 4698
Utilities
- Water Source: “Public”