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$615,000
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Property Description
''Don't let this one fool you! It hits well outside its weight class!'' Discover a turnkey investment opportunity in one of Downtown Raleigh's most promising growth corridors. Situated on a spacious fenced lot on 1023 Holmes Street, this fully furnished, high-performing Airbnb and ADU offer immediate income and exceptional flexibility for investors, owner-occupants, or those with multigenerational needs. The home blends comfort and function with a thoughtful layout that includes a main-level owner's suite, a finished lower level with a kitchenette/wet bar ideal for guests or long-term stays, hardwood floors, and a private outdoor space that enhances the lifestyle appeal. Plus an EV charger and outdoor storage shed for all your extra needs! Its location places guests and residents just moments from Downtown Raleigh's vibrant dining, culture, and parks-including the rapidly revitalizing Chavis Park, which continues to anchor growth in this area. With strong rental history, an up-and-coming urban setting, and the rare ability to enjoy and monetize the property from day one, this is a standout opportunity for those seeking both lifestyle and long-term value in the Triangle's thriving real estate market.
Full Property Details
Full Property Details for 1023 Holmes St
General
- Sold For: $615,000
- Taxes: $5,378
- Status: Closed
- Type: Single Family
- Source: 2218
- MLS ID: 10133301
- Added to Site: 63 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Entrance Foyer, Kitchen Island, Open Floorplan, Quartz Counters, Recessed Lighting, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Den, Fireplace Screen, Wood Burning
- Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Water Heater
- Flooring: Carpet, Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Main Level, Upper Level, Washer Hookup
Exterior
- Exterior Features: Fenced Yard, Rain Gutters
- Porch/Patio/Deck: Patio, Porch
Parking
- Parking Features: Concrete, Driveway, Gravel, Paved, Unpaved
Location
- County: Wake
- Subdivision: Not in a Subdivision
- Driving Directions: Head East on W Cabarrus St toward S Salisbury St, turn right on S Salisbury St. Use left two lanes to turn slightly left onto Martin Luther King Jr Blvd. Turn Right onto Holmes St.
- City Limits: Yes
School Information
- Elementary School: Wake - Fuller
- Middle School: Wake - Carnage
- High School: Wake - Broughton
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Transitional
- Structure Type: House, Site Built
- Exterior Const.: Brick, HardiPlank Type
- Basement: Yes
- Basement Desc.: Finished
- Roof: Shingle
- Stories/Levels: 1
- Building Size: 1946
- Square Feet: 1,946
- Finished Above Grnd: 1,024 Sq. Ft.
- Finished Below Grnd: 922 Sq. Ft.
- Year Built: 1974
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Hardwood Trees, Landscaped
- Fencing (Description): Back Yard, Fenced, Partial, Wood
Financial Considerations
- Tax Amount: $5,378.02
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 47094
- Lot Number: 22
Listed by Keller Williams Realty, Erica Jevons Sizemore (919) 740-7670
Sold by HomeTowne Realty, Sherry Byrd
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Schools
Schools serving 1023 Holmes St
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Fuller Elementary 806 Calloway Drive, Raleigh, NC 27610 | PK-5 | 0.9 mi |
Salem Middle 6150 Old Jenks Road, Apex, NC 27523 | 6-8 | 12.4 mi |
Needham Broughton High 723 Saint Marys Street, Raleigh, NC 27605 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1023 Holmes St
Date
Details
Price
Change
Source
12/30/2025
Sold
$615,000
-1.6%
MLS
11/14/2025
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1023 Holmes Street, Raleigh, NC 27601 (MLS# 10133301) is a Single Family property that was sold at $615,000 on December 30, 2025. Want to learn more about 1023 Holmes Street? Do you have questions about finding other Single Family real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

