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$3,450,000
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Property Description
Location, Location, Location! 4 prime lots (12,14,18,20 Tarboro St) on Raleigh East corridor. Half of the whole block. Totally 0.97 Acres in the heart of Downtown Raleigh. Minutes from Raleigh's vibrant urban core, easy access to dining, shopping, entertainment. Diagonally opposite the Edenton St is the Old DMV HQ. City of Raleigh is working on the plan. It will be a community hub. Raleigh Bus Rapid Transit (BRT) has Tarboro stop at the other corner of the Edenton street. Tarboro Community Center is cross the road of Tarboro St. Edenton Court Project site plan already has approved by City of Raleigh which contains 23 townhouses in 3 buildings with 48 parking lots. Each building 3 stories high with flat rooftop terrace. Plans details (site plan and draft building plan) can be provided to serious buyers. With the Zoning changed to RX-4, you have 1 more story to work on the building plan. Zoning is RX-4 with TOD. There is also an opportunity to build 6 stories if you want to do a bigger project. We also have 4 lots (0.46 acres) available cross the Boyer St. Maybe good for a parking building for your 6-story project. Don't miss out on the opportunity to create something special in one of Raleigh's most desirable areas!
Full Property Details
Full Property Details for 12 N Tarboro St
General
- Price: $3,450,000
- Taxes: $8,209
- Status: Active
- Type: Lots/Land
- Source: 2218
- MLS ID: 10105143
- Updated: 4/28/2026
- Added to Site: 333 day(s) ago
Location
- County: Wake
- Subdivision: Edenton
- Driving Directions: From Downtown Raleigh take New Bern Ave to North. Turn left on Tarboro Street. Lots are on your right.
- City Limits: Yes
School Information
- Elementary School: Wake - Powell
- Middle School: Wake - Ligon
- High School: Wake - Broughton
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Lot Features
- Lot Size (Acres): 0.97
- Lot Size (Sq. Ft.): 42,253.2
- Lot Dimensions: 205 x 208 x 217 x 198
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Lot Features: City Lot, Corner Lot, Level
- Best Use: Residential
- Zoning: RX-4 w/TOD
Financial Considerations
- Price Per Acre: $3,556,701.03
- Tax Amount: $8,209.57
Disclosures and Reports
- Special Conditions: Real Estate Owned, Standard
- Bank-owned: Yes
- Lot Number: 106
Listed by RED Realty Group, Inc., Jun Ma (919) 434-8430
Get Pre-Approved Today
Schools
Schools serving 12 N Tarboro St
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Leesville Road Elementary 8402 Pride Way, Raleigh, NC 27613 | PK-5 | 9.2 mi |
Leesville Road Middle 8406 Pride Way, Raleigh, NC 27613 | 6-8 | 9.3 mi |
Leesville Road High 8410 Pride Way, Raleigh, NC 27613 | 9-12 | 9.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12 N Tarboro St
Date
Details
Price
Change
Source
4/28/2026
Price Reduced
$3,450,000
-30.3%
MLS
6/23/2025
Listed
$4,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12 N Tarboro St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,766
—
$202,500
—
2024
$1,759
42%
$202,500
78%
2023
$1,241
8%
$113,850
—
2022
$1,153
4%
$113,850
—
2021
$1,108
2%
$113,850
-31%
2020
$1,088
279%
$165,600
531%
2018
$287
5%
$26,250
—
2017
$273
2%
$26,250
—
2016
$267
-12%
$26,250
—
2019
$304
11%
$26,250
-1%
2015
$273
5%
$26,400
—
2014
$259
7%
$26,400
—
2013
$242
—
$26,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12 N Tarboro St
12 N Tarboro Street, Raleigh, NC 27610 (MLS# 10105143) is a Lots/Land property with a lot size of 0.97 acres. 12 N Tarboro Street is currently listed for $3,450,000 and was received on June 23, 2025. Want to learn more about 12 N Tarboro Street? Do you have questions about finding other Lots/Land real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

