Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location. The adjacent property, 600 Sherrybrook Dr., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.
For sale
$625,000
1511 Joe Louis Ave, Raleigh, NC 27610
4beds
1,352sqft
Est.:
Duplex, Multi Family
Built in 1983
-- sqft lot
$607,000 Zestimate®
$462/sqft
$-- HOA
What's special
- 38 days |
- 309 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: January 14, 2026 at 12:46pm
Listed by:
Annie Clements 253-988-7467,
Choice Residential Real Estate
Source: Doorify MLS,MLS#: 10141059
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: See Remarks
Interior area
- Total structure area: 1,352
- Total interior livable area: 1,352 sqft
- Finished area above ground: 1,352
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 9,147.6 Square Feet
Details
- Parcel number: 171310357636000 0121771
- Zoning: R-10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Masonite
- Roof: Composition
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Joe Louis Park
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $246,376
- Annual tax amount: $2,188
- Date on market: 1/14/2026
- Lease term: 3 To 6 Months
- Road surface type: Paved
Estimated market value
$607,000
$577,000 - $637,000
$1,779/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Listed for sale | $625,000+260.2%$462/sqft |
Source:  Doorify MLS #10141059 Report a problem | ||
| 6/24/2019 | Sold | $173,500+62.1%$128/sqft |
Source: Public Record Report a problem | ||
| 11/10/2005 | Sold | $107,000+17.6%$79/sqft |
Source: Public Record Report a problem | ||
| 1/28/2004 | Sold | $91,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,189 +0.4% | $246,376 |
| 2024 | $2,180 +4.8% | $246,376 +31.6% |
| 2023 | $2,080 +7.5% | $187,184 |
| 2022 | $1,935 +4% | $187,184 |
| 2021 | $1,861 +1.8% | $187,184 |
| 2020 | $1,828 +43.1% | $187,184 +75.3% |
| 2019 | $1,278 | $106,782 |
| 2018 | $1,278 +11% | $106,782 |
| 2017 | $1,151 +2% | $106,782 |
| 2016 | $1,128 -8.7% | $106,782 -7.5% |
| 2015 | $1,236 +5.3% | $115,498 |
| 2014 | $1,174 | $115,498 |
| 2013 | -- | $115,498 |
| 2012 | -- | $115,498 |
| 2011 | -- | $115,498 |
| 2010 | -- | $115,498 |
| 2009 | -- | $115,498 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,292/mo
Principal & interest
$2938
Property taxes
$354
Climate risks
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 3/10Southeast Raleigh ElementaryGrades: PK-5Distance: 0.7 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 2.3 mi
- 4/10Southeast Raleigh HighGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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