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$250,000 Just Listed
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Property Description
Opportunity knocks at 1602 Malta Ave in Raleigh! This 4-bedroom, 2-bath home offers 1,196 sqft of potential in one of Raleigh's fastest growing areas. Built in 1998, this property is primed for a full renovation or redevelopment play. R-10 Zoning and lot width allows for a large single family or duet-style two-unit townhome build (confirmed with Raleigh Development). With an estimated flip ARV of $425,000 and nearby new builds selling above $1M , this is a strong value-add opportunity for investors looking to capitalize on the area's rapid appreciation. Whether you're planning a fix-and-flip or exploring new construction potential, the upside here is undeniable. Full inspection report available-bring your contractor and your vision!
Full Property Details
Full Property Details for 1602 Malta Ave
General
- Price: $250,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4358614
- Updated: 3/17/2026
- Added to Site: 3 day(s) ago
Interior
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator with Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main & Up: 4
Other Rooms
- Laundry: Laundry Closet
Parking
- Parking Features: Driveway
Location
- County: Wake
- Driving Directions: GPS 1602 Malta Ave
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air, Electric
- Heating Type: Central, Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Architectural Style: Ranch
- Construction: Site Built
- Exterior Const.: Vinyl
- Main/1st Level: 1,196 Sq. Ft.
- Year Built: 1998
Lot Features
- Street/Road Desc.: Concrete, Paved
Financial Considerations
- Terms: Cash, Nonconforming Loan, Private
Disclosures and Reports
- Property ID: 1713.10-35-9254-000
- Lot Number: 8327-2142
Listed by Realty One Group Revolution
Get Pre-Approved Today
Schools
Schools serving 1602 Malta Ave
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Southeast Raleigh Elementary 1436 Rock Quarry Road, Raleigh, NC 27610 | PK-5 | 0.7 mi |
Centennial Campus Middle 1900 Main Campus Drive, Raleigh, NC 27606 | 6-8 | 2.4 mi |
Southeast Raleigh High 2600 Rock Quarry Road, Raleigh, NC 27610 | 9-12 | 1.8 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 1602 Malta Ave
Date
Details
Price
Change
Source
3/17/2026
Listed
$250,000
—
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 1602 Malta Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,585
—
$294,091
—
2024
$2,574
7%
$294,091
35%
2023
$2,400
8%
$218,363
—
2022
$2,231
4%
$218,363
—
2021
$2,145
2%
$218,363
—
2020
$2,106
66%
$218,363
103%
2019
$1,267
6%
$107,565
—
2018
$1,195
5%
$107,565
—
2017
$1,139
2%
$107,565
—
2016
$1,116
1%
$107,565
3%
2015
$1,105
5%
$104,795
—
2014
$1,049
7%
$104,795
—
2013
$981
—
$104,795
—
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 1602 Malta Ave
1602 Malta Avenue, Raleigh, NC 27610 (MLS# 4358614) is a Single Family property with 4 bedrooms and 2 full bathrooms. 1602 Malta Avenue is currently listed for $250,000 and was received on March 17, 2026. Want to learn more about 1602 Malta Avenue? Do you have questions about finding other Single Family real estate for sale in Oberlin Village? You can browse all Oberlin Village real estate or contact a Coldwell Banker agent to request more information.

