5061 Lundy Dr - Multi-Family FOR SALE


Raleigh, NC 27606- Southwest Raleigh
$1,038,000 USD
954-249-8641
5061 Lundy Dr, Raleigh, NC for Sale
$1,038,000 USD
Multi-Family - FOR SALE
1/31
null | Request Cap Rate

5061 Lundy Dr
Raleigh, NC 27606
Southwest Raleigh


OVERVIEW

New construction investment opportunity in Raleigh’s Wrenwood community offering one building comprised of two side-by-side townhome units. Each unit features approximately 2,400 SF across three levels with 3 bedrooms, 3.5 baths, open-concept living, and modern finishes. One unit is currently leased at $3,195/month, providing immediate income, while the second unit is vacant—ideal for an owner-occupant, lease-up strategy, or flexibility for future resale. Located between Downtown Raleigh and Cary, the property benefits from strong rental demand driven by proximity to Fenton, Lake Johnson Park, NC State, and RTP. This is a low-maintenance, new construction asset with contemporary design and functional layouts that appeal to today’s renter. Ideal for investors seeking a stabilized + lease-up opportunity, house-hack scenario, or long-term hold in a high-growth Raleigh submarket. All construction is complete and move-in ready.

FOR SALE DETAILS

PRICE

$1,038,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

2

PRICE/UNIT

$519,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wrenwood

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-6

APN/PARCEL ID

0783.06-38-2021-000

ASK ABOUT THIS PROPERTY

Laura GuldLaura GuldMore Info
954-249-8641

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Laura GuldLaura GuldMore Info
954-249-8641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.