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$2,500,000
129 Days On Site

516 Rush Street
Raleigh, NC 27610

For Sale|Single Family Residence|Active
3
Beds
2
Full Baths
0
Partial Baths
729
SqFt
$3,429
/SqFt
1952
Built
Subdivision:
Home Acres
County:
Wake

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516 Rush Street516 Rush Street516 Rush Street516 Rush Street
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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.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
129 Days
Bedrooms 
3
Inside Area (SqFt) 
729 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.49 Acres
Year Built 
1952
MLS® Number 
10047058
Status 
Active
Property Tax 
$1,565
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
0.49
Foundation 
Block
Number Of Stories 
1
Parking 
Additional Parking
Parking Spaces 
4
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
729
SqFt Total 
729
Stories 
One
Style 
Bungalow
Utilities 
Cable AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Cooling 
Heat Pump
Flooring 
HardwoodLinoleum
Heating 
Heat PumpElectricForced Air
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Exterior Features
Construction Details 
Concrete
Lot Features 
Corner Lot
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventionalPrivate Financing Available
Roads 
Asphalt
Schools
School District
Unknown
Elementary School
Wake - Smith
Middle School
Wake - North Garner
High School
Wake - Middle Creek
Listing courtesy of Marianne Mansour of Compass -- Raleigh



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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