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$425,000

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 2 Full Baths
  • 1,728 Sq. Ft.
  • 0.16 Acres
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Priced to sell! 175K price improvement!!!!! Remarkable investment opportunity w/ this duplex located in prime downtown Raleigh! (Also available-513 Hoke street (adjacent) ! While this property requires extensive renovations, it presents an incredible canvas for seasoned investors looking to add value and build on the surrounding growth. Each building sits on .16 acres, features two-- 3 bed 1 bath, ideal for long or short term rental opportunities. With a tax land value alone of $300,000 (DOUBLE your investment if both purchased). Only a 6 min drive to NC State & 4 min to the newly developed Dorthea Dix Park, featuring The 18.5 acre Gipson Play Area w/ multiple playgrounds, sensory maze, splash fountain & more! Encircled by NEW construction, this is an opportunity to secure properties in an ideal location! 10 min to Walnut Creek Amphitheater, 3 min to the Convention Center, restaurants, culture- endless posibilities! Ability to capitalize on a prime investment & make this property your next success story!

Full Property Details for 515 Hoke St

General

  • Price: $425,000
  • Taxes: $3,043
  • Status: Active
  • Type: Duplex
  • Source: 2218
  • MLS ID: 10115335
  • Updated: 10/13/2025
  • Added to Site: 157 day(s) ago

Interior

  • Number of Rooms: 2
  • Appliances: None
  • Flooring: Carpet, Vinyl, None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Spa Description: None

Location

  • County: Wake
  • Subdivision: South Park
  • Driving Directions: 540 E, exit 26A, 264 W, merge I44E, exit Hammond Rd, rt on hoke
  • City Limits: Yes

School Information

  • Elementary School: Wake County Schools
  • Middle School: Wake County Schools
  • High School: Wake County Schools

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Property Detached: Yes
  • Architectural Style: Traditional
  • Structure Type: Duplex, Multi Family
  • Exterior Const.: Unknown
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Roof: Shingle
  • Building Size: 1728
  • Square Feet: 1,728
  • Finished Above Grnd: 1,728 Sq. Ft.
  • Year Built: 1983

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969.6

Financial Considerations

  • Tax Amount: $3,043

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 1703.16930077.000
  • Lot Number: 01RA545

Listed by Allen Tate/ Lake Royale, Elisabeth Kane (813) 428-2279

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Listing agent

— 515 Hoke St —

  • Elisabeth Kane

    Allen Tate/ Lake Royale

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 515 Hoke St

School District:Wake County Schools
NameGradesDistance
Fuller Elementary
806 Calloway Drive, Raleigh, NC 27610
PK-50.8 mi
Salem Middle
6150 Old Jenks Road, Apex, NC 27523
6-812.1 mi
Needham Broughton High
723 Saint Marys Street, Raleigh, NC 27605
9-122.1 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 515 Hoke St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2025
Price Reduced
$425,000
-29.15%
MLS
8/12/2025
Listed
$599,900
943.3%
MLS
2/07/2007
Sold
$57,500
—
Public Record
Get Price Alerts and Save Property
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 for 515 Hoke St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,056
—
$345,776
—
2024
$3,043
60%
$345,776
102%
2023
$1,905
8%
$171,099
—
2022
$1,772
4%
$171,099
—
2021
$1,705
2%
$171,099
—
2020
$1,674
41%
$171,099
63%
2018
$1,189
-6%
$105,170
—
2019
$1,259
11%
$105,170
—
2017
$1,134
2%
$105,170
—
2016
$1,111
5%
$105,170
7%
2015
$1,055
5%
$98,000
—
2014
$1,002
7%
$98,000
—
2013
$938
—
$98,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Allen Tate/ Lake Royale, Elisabeth Kane (813) 428-2279

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515 Hoke Street, Raleigh, NC 27601 (MLS# 10115335) is a Duplex property with 6 bedrooms and 2 full bathrooms. 515 Hoke Street is currently listed for $425,000 and was received on August 12, 2025. Want to learn more about 515 Hoke Street? Do you have questions about finding other Duplex real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.

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