Discover this rare investment opportunity with the Bragg and East Collection, ideally located within walking distance to the vibrant heart of downtown Raleigh. This package offers strong redevelopment potential, both in its current form as a partially leased 5 duplex package (comprised of ten (10) 2bed/1bath units, totaling 20 bedrooms, 10 baths and 8,880 square feet) or as a small future new-construction townhome/condo or single family home subdivision. The site is currently zoned R-10 and in the South Park Neighborhood Overlay District and could potentially yield up to ~18-20 townhome/condo units, to be confirmed with the City of Raleigh by Buyer. This property is perfect for an individual or group looking for a small multifamily asset to improve and hold, as it offers very strong future (and current) redevelopment potential. Or perfect for a builder-buyer looking to build new construction homes in Raleigh's popular South Park neighborhood today. Don't miss the chance to capitalize on this prime location and transform its potential into reality.

Listing courtesy of Johnny Chappell of Compass -- Raleigh



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Last checked: 2025-07-27 09:45 AM UTC