Date
Details
Price
Change
Source
6/08/2026
Listed
$1,800,000
—
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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$1,800,000 Just Listed
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Property Description
Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.
Full Property Details
Full Property Details for 550 E Jones St
General
- Price: $1,800,000
- Taxes: $3,951
- Status: Active
- Type: Lots/Land
- Source: 2218
- MLS ID: 10172633
- Updated: 6/8/2026
- Added to Site: 2 day(s) ago
Rental Information
- Lease/Rent Term: Month To Month
Location
- County: Wake
- Subdivision: Historic Oakwood
- Driving Directions: Turn on E Jones from N Person, Lots are 2 blocks down on right.
- City Limits: Yes
School Information
- Elementary School: Wake - Conn Elementary
- Middle School: Wake - Oberlin Middle
- High School: Wake - Needham Broughton High
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Phone Available, Sewer Connected
Structural Information
- Current Bldg. Use: Multi-Family
Additional Structures
- Other Structures: None
Lot Features
- Property View: City, Neighborhood
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Lot Dimensions: 30 x 208 x 30 x 208
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Fence: Yes
- Lot Features: Back Yard, City Lot, Hardwood Trees, Interior Lot, Rectangular Lot, Driveway, Sidewalks
- Best Use: Multi-Family, Residential, Single Family
- Zoning: R-10
- Fencing (Description): None
Financial Considerations
- Price Per Acre: $12,857,142.86
- Tax Amount: $3,951.28
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 170328998668000 0054421
- Lot Number: 1
Listed by Steeloak Residential LLC, John Anton (919) 395-3773
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 550 E Jones St —
John Anton
Steeloak Residential LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 550 E Jones St
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Conn Elementary 1220 Brookside Drive, Raleigh, NC 27604 | PK-5 | 1 mi |
Oberlin Middle School 2816 Oberlin Road, Raleigh, NC 27608 | 6-8 | 2.8 mi |
Needham Broughton High 723 Saint Marys Street, Raleigh, NC 27605 | 9-12 | 1.4 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 550 E Jones St
Tax History
Tax History for 550 E Jones St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,951
—
$450,783
—
2024
$3,935
7%
$450,783
34%
2023
$3,694
8%
$337,100
—
2022
$3,433
4%
$337,100
—
2021
$3,300
2%
$337,100
—
2020
$3,240
18%
$337,100
44%
2019
$2,737
6%
$234,408
—
2018
$2,581
5%
$234,408
—
2017
$2,459
2%
$234,408
—
2016
$2,408
30%
$234,408
33%
2015
$1,848
5%
$176,575
—
2014
$1,754
7%
$176,575
—
2013
$1,638
—
$176,575
—
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 550 E Jones St
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550 E Jones Street, Raleigh, NC 27601 (MLS# 10172633) is a Lots/Land property with a lot size of 0.14 acres. 550 E Jones Street is currently listed for $1,800,000 and was received on June 08, 2026. Want to learn more about 550 E Jones Street? Do you have questions about finding other Lots/Land 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.