725 W Morgan St - Apartments FOR SALE


Raleigh, NC 27603- Pullen Park
$1,150,000 USD
919-491-8722
725 W Morgan St, Raleigh, NC for Sale
$1,150,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

725 W Morgan St
Raleigh, NC 27603
Pullen Park


HIGHLIGHTS

  • Gravel parking in rear of building with a perpetual 9' easement through neighboring property.
  • Prime location near Glenwood South, Boylan Heights, Downtown Raleigh, and Dorothea Dix Park
  • Currently configured as three residential units, offering immediate rental income potential
  • Flexible zoning supports office and residential mixed-use uses
  • Unused rear portion of the site offers future development potential

OVERVIEW

725 W. Morgan Street offers a rare opportunity to acquire an income-producing asset in the heart of Downtown Raleigh with substantial redevelopment potential. The approximately 3,234 SF building on 0.16 acres is currently configured as a multifamily property, providing immediate cash flow while allowing future flexibility for office, mixed-use, or redevelopment strategies.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$356 USD /SF

# OF UNITS

3

PRICE/UNIT

$383,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

OX-4

APN/PARCEL ID

1703.06-38-3827-000

ASK ABOUT THIS PROPERTY

Ryan GaylordNAI Tri PropertiesMore Info
919-491-8722

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Ryan GaylordNAI Tri PropertiesMore Info
919-491-8722

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