This is a great rental property and has a great history for being rented over the last 20 years. The townhome is in good shape and has been well taken care of. Recently has had roof replaced. 24 hour notice is required. All units are rented until end of lease term which is 7/25/2024. Three of the units are paying $525/month and one is paying $549/month. The 4 new leases have been signed and start 8/14/2024 at $600/month and end 7/25/2025. Owner pays utilities except for internet.
Sold for $310,000 on 06/27/24
$310,000
16 Red Ln, Raleigh, NC 27606
4beds
1,536sqft
Townhouse, Multi Family
Built in 2002
871.2 Square Feet Lot
$306,000 Zestimate®
$202/sqft
$1,869 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:21am
Listed by:
Bo Winn 919-614-4533,
TradeMark Residential
Bought with:
Laurene Sieli, 293259
Redfin Corporation
Source: Doorify MLS,MLS#: 10029067
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
- Laundry: Laundry Closet
Features
- Bathtub/Shower Combination, Eat-in Kitchen
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: No
- Common walls with other units/homes: No One Above
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area above ground: 1,536
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned, Paved, Permit Required
Features
- Levels: Tri-Level
- Stories: 3
- Patio & porch: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 871.20 sqft
Details
- Parcel number: 0784105854
- Zoning: NX-3
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Transitional
- Property subtype: Townhouse, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2002
- Major remodel year: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Water Available
Community & neighborhood
Community
- Community features: None
Location
- Region: Raleigh
- Subdivision: Red Wolf Crossing
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $150 monthly
- Amenities included: Landscaping
- Services included: Maintenance Grounds
Other
Other facts
- Road surface type: Asphalt
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Estimated market value
$306,000