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516 Rush St Raleigh NC 27610 MLS 10047058

$2,500,000

Photo one of 516 Rush St Raleigh NC 27610 | MLS 10047058
516 Rush St
Raleigh, NC 27610 MLS# 10047058

  • Bedrooms

    3

  • Baths

    2

  • Sq. Feet

    729

  • Year Built

    1952

  • Days On Market

    101

  • $/SqFt

    $3,429

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Home Description: 516 Rush St

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.

  • # Fireplaces: 0
  • Flooring: Hardwood,Linoleum
  • Full Baths: 2
  • Half Baths: 0
  • Parking: Additional Parking
  • Structure: Site Built
  • Construction Materials: Concrete
  • Roof: Shingle
  • Foundation: Block
  • Lot: Corner Lot
  • Lot Size Acres: 0.49

Available now at $2,500,000

  • Property Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • New Construction: No
  • Heating: Electric,Forced Air
  • Cooling: Heat Pump
  • Water Source: Public
  • Sewer: Public Sewer
  • Total HOA Dues: $0.00
  • Annual Taxes: $1,565.00
  • Listing Office: Compass -- Raleigh
  • List Status: Active

Neighborhood

The average asking price of a 3 bedroom Raleigh home in this zip code is $420,299 (83.2% less than this home).

This home is priced at $3,429/sqft, which is 92.4% less than similar homes in the 27610 zip code.

Potential Great Value

Map | Street | Birds Eye

516 Rush St Raleigh NC 27610

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School Information

  • Elementary:Wake - Smith
  • Middle School:Wake - North Garner
  • High School:Wake - Middle Creek

Financial

  • Approx Payment:$12,162*

Area Stats

These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (919) 616-5492 and speak with one of our real estate consultants.

Popular Homes

City
Avg Price
Median Price
Available
Distressed
Reduced
Avg DOM
Apex
$851,907
$750,000
265
1.5%
37.4%
64

Carrboro
$605,475
$540,000
12
8.3%
41.7%
71

Cary
$895,578
$759,999
245
0.4%
42.4%
68

Chapel Hill
$1,165,476
$875,000
225
1.3%
40.9%
87

Clayton
$428,034
$399,000
423
1.2%
43.5%
75

Durham
$596,435
$469,800
769
0.9%
45.1%
71

Fuquay Varina
$550,714
$494,999
479
1.3%
38.4%
73

Garner
$460,839
$453,806
273
0.7%
40.7%
68

Hillsborough
$766,438
$569,000
65
3.1%
35.4%
73

Holly Springs
$678,584
$630,000
141
0.0%
48.2%
60

Knightdale
$491,365
$499,990
183
1.1%
48.1%
67

Morrisville
$758,904
$631,000
24
4.2%
41.7%
66

Rolesville
$569,083
$519,812
34
0.0%
44.1%
79

Wake Forest
$775,563
$565,000
439
0.9%
38.0%
80

Wendell
$503,152
$469,900
297
0.3%
30.6%
91

Youngsville
$600,060
$499,000
204
0.0%
36.8%
94

Zebulon
$460,411
$369,945
242
0.8%
30.2%
82

Listing Courtesy of Compass -- Raleigh. For information or to schedule a viewing of this property (MLS# 10047058) located at 516 Rush St Raleigh NC 27610, call: 919 616 5492

516 Rush St, Raleigh NC is a single family home of 729 sqft and is currently priced at $2,500,000 . This single family home has 3 bedrooms. A comparable home for sale at 167 Cashmere Ct in Raleigh is listed at $650,000. This home on 516 Rush St has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Raleigh, NC. Coley Forest, Sweetwater and Dutchman Downs are nearby neighborhoods. MLS 10047058 has been posted on this site since 8/15/2024 (today).

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers� personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved. Listings last updated 11/23/2024.

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