Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5105 Memory Rd as a simuataneous closing/transaction--seeMLS-2532285 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.
Sold for $475,000 on 03/28/24
$475,000
5101 Memory Rd, Raleigh, NC 27609
3beds
1,348sqft
Single Family Residence, Residential
Built in 1958
0.41 Acres Lot
$450,800 Zestimate®
$352/sqft
$1,866 Estimated rent
Home value
$450,800
$374,000 - $554,000
$1,866/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 11:35pm
Listed by:
Philip Layton 919-740-3324,
Market-One Realty, LLC
Bought with:
Dana Lemon, 337926
Property Specific, LLC
Source: Doorify MLS,MLS#: 2532283
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None
Cooling
- None
Features
- Flooring: Vinyl
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total structure area: 1,348
- Total interior livable area: 1,348 sqft
- Finished area above ground: 1,348
- Finished area below ground: 0
Property
Parking
- Parking features: Concrete, Driveway
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 0.41 Acres
- Dimensions: 100 x 175 x 100 x 179
Details
- Parcel number: 1716448195
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Brick
Condition
- New construction: No
- Year built: 1958
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: Not in a Subdivision
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $475,000-13.6%$352/sqft |
Source:  Doorify MLS #2532283 Report a problem | ||
| 12/20/2023 | Pending sale | $550,000$408/sqft |
Source: Doorify MLS #2532283 Report a problem | ||
| 9/14/2023 | Listed for sale | $550,000$408/sqft |
Source: Doorify MLS #2532283 Report a problem | ||
| 8/17/2023 | Listing removed | -- |
Source: Doorify MLS #2526694 Report a problem | ||
| 8/12/2023 | Listed for sale | $550,000$408/sqft |
Source: Doorify MLS #2526694 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,943 -4.9% | $335,120 -5.3% |
| 2024 | $3,094 +41.9% | $353,941 +78.6% |
| 2023 | $2,180 +7.6% | $198,146 |
Find assessor info on the county website
Neighborhood: Falls of Neuse
Nearby schools
GreatSchools rating
- 5/10Millbrook Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 1/10East Millbrook MiddleGrades: 6-8Distance: 2.1 mi
- 6/10Millbrook HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Wake - Millbrook
- Middle: Wake - East Millbrook
- High: Wake - Millbrook
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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Estimated market value
$450,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$450,800