419 Rose Lane, Raleigh, NC 27610 - Photo 1

1/1

$1,100,000

Sold
Closed
Commercial Multi-Family
5,448 Sq. Ft.
1.05 Acres
Updated 5 days ago

1/1

Property Description

Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded by new builds selling between $450K-$600K and located only minutes from Downtown Raleigh, this property presents multiple exit strategies and long-term upside in one of the city's fastest-growing corridors.

Full Property Details

Full Property Details for 419 Rose Ln

General

Sold For: $1,100,000
Taxes: $6,137
Status: Closed
Type: Commercial Multi-Family
Source: 2218
MLS ID: 10126233
Added to Site: 126 day(s) ago

Rental Information

Lease/Rent Term: Negotiable

Interior

Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Kitchen/Dining Room Combination, Open Floorplan, Walk-In Closet(s)
Appliances: Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Tankless Water Heater, Washer/Dryer
Flooring: Vinyl

Rooms

Other Rooms

Laundry: In Unit, Inside

Exterior

Exterior Features: Fenced Yard, Private Yard, Rain Gutters, Storage

Location

County: Wake
Subdivision: Rosemont Gardens
Driving Directions: From Raleigh Blvd, head toward Poole Rd and turn left. Continue straight, then turn left onto Martin Luther King Jr. Blvd. Next, turn right onto Rose Lane.
City Limits: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Air, Window Unit(s)
Heating Type: Electric, Forced Air

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Sewer Connected, Water Connected

Structural Information

# Buildings: 3
Property Detached: Yes
Structure Type: Duplex, Multi Family, Site Built
Exterior Const.: Brick
Basement: Yes
Basement Desc.: Crawl Space
Roof: Shingle
Stories/Levels: 1
Building Size: 5448
Square Feet: 5,448
Year Built: 1959
Other Struct. Feat.: Primary Walk-In Closet(s)

Lot Features

Lot Size (Acres): 1.05
Lot Size (Sq. Ft.): 45,738
Lot Dimensions: 205 x 209 x 201 x 239
Frontage: 2 Lane Road
Street/Road Desc.: Gravel, Paved
Fence: Yes
Lot Features: Back Yard, Cleared, Few Trees, Front Yard, Level
Fencing (Description): Back Yard, Chain Link, Fenced

Financial Considerations

Price Per Acre: $1,142,857.14
Tax Amount: $6,137.25

Disclosures and Reports

Special Conditions: Standard
Lot Number: 46-50 INC

Listed by United Real Estate Triangle, Natalie Pearse (919) 839-3131
Sold by The Virtual Realty Group INC, Steve Raj M Raman

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Listing agent

— 419 Rose Ln —

Natalie Pearse

United Real Estate Triangle

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Schools

Schools serving 419 Rose Ln

School District:Wake County Schools

Name	Grades	Distance
Wiley Elementary 301 Saint Marys Street, Raleigh, NC 27605	PK-5	3.2 mi
Oberlin Middle School 2816 Oberlin Road, Raleigh, NC 27608	6-8	4.5 mi
Needham Broughton High 723 Saint Marys Street, Raleigh, NC 27605	9-12	3.3 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 419 Rose Ln

Date

Details

Price

Change

Source

2/04/2026

Sold

$1,100,000

-8.33%

MLS

10/07/2025

Listed

$1,200,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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419 Rose Lane, Raleigh, NC 27610 (MLS# 10126233) is a Commercial Multi-Family property that was sold at $1,100,000 on February 04, 2026. Want to learn more about 419 Rose Lane? Do you have questions about finding other Commercial Multi-Family real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

419 Rose Ln Raleigh, NC 27610