2808 Marion Road

Raleigh, NC 27610

$2,500,000
Price
10
Beds
3,360 Sq. Ft.
$744 / Sq. Ft.
3,360
Sq. Ft.
$744
per Sq. Ft.

Description

An exceptional development opportunity awaits! Three contiguous lots spanning over 1.5 acres are now available for sale, offering both immediate income and long-term growth potential. The offering includes a newly constructed 10-room / 10-bath duplex, set for completion in December 2024, with projected rental income exceeding $8,500 per month. The sale comprises three parcels:
512 Rush St. (Lot 7A), 2806 Marion Road (Lot 7B), and 2808 Marion Road (Land / Lot 8X).
Developers can buy and hold, generating
...An exceptional development opportunity awaits! Three contiguous lots spanning over 1.5 acres are now available for sale, offering both immediate income and long-term growth potential. The offering includes a newly constructed 10-room / 10-bath duplex, set for completion in December 2024, with projected rental income exceeding $8,500 per month. The sale comprises three parcels:
512 Rush St. (Lot 7A), 2806 Marion Road (Lot 7B), and 2808 Marion Road (Land / Lot 8X).
Developers can buy and hold, generating immediate rental income, or further capitalize on the potential by adding additional structures. For more details, refer to MLS#: 10047059 (516 Rush St.). Owner financing is available, making this a prime opportunity for investors.

Listing Agent

Property Details for 2808 Marion Road

View
Yes
Waterfront
No
Subdivision
Home Acres
LISTING UPDATED: 11/18/2024 12:49 PM

Property Details for 2808 Marion Road

StatusActive
MLS #10047059
Days on Market100
Taxes$1,693 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built2024
Lot Size1.18 AC / 51,400 SF
CountyWake County

Building Information for 2808 Marion Road

Stories2Residences-Year Built2024Building Size-Lot Size1.18 AC / 51,400 SF

Property Information for 2808 Marion Road

Summary
Location and General Information
  • Directions: Take 440 E to US-64W. Take Exit toward Hammond Road. Left on Hammond Road. Left onto Rush St. Right onto Marion Road. Destination is on your right.
  • Subdivision Name: Home Acres
  • Latitude: 35.740254
  • Longitude: -78.63271
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $1,693.00
Contract Information
  • Comp Sale YN: No
  • Estimated Completion Date: 2024-11-29
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Smith
  • Middle Or Junior School: Wake - North Garner
  • High School: Wake - Middle Creek
Parking
  • Open Parking: Yes
  • Garage: No
Property
Lot Information
  • Building Area Total: 3360.0
  • Architectural Style: A-Frame
  • Total Other Area Sq Ft: 0
  • Parcel Number: 7B
  • Enhanced Accessible: No
  • Primary Residence YN: No
Property and Assessments
  • New Construction: Yes
  • Photos Count: 8
  • Property Attached: Yes
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Vinyl Siding
Interior Features
  • Levels: Two
  • Stories: 2
  • Fireplace Y N: No
  • Flooring: Simulated Wood, Tile, Vinyl
  • Cooling: ENERGY STAR Qualified Equipment, Heat Pump
  • Cooling?: Yes
  • Heating: Heat Pump
  • Heating?: Yes
  • Appliances: Electric Water Heater, Exhaust Fan, Free-Standing Electric Range, Refrigerator
  • Spa: No
  • Equipment Appliances: Electric Water Heater, Exhaust Fan, Free-Standing Electric Range, Refrigerator
  • Interior: Vinyl Siding
  • Equipment: Electric Water Heater, Exhaust Fan, Free-Standing Electric Range, Refrigerator
Room Information
Room Information
  • Rooms Total: 0.0
Agent
Sale and Listing
  • Property Class Name: CrossProperty

Property History for 2808 Marion Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2808 Marion Road

Taxable ValueLand$195,000Additions-Total$195,000
Tax Record2024$1,694 ($141 / month)
Home Facts
Baths5.5Total Finished SqFt3,859 SqFtAbove Grade Finished SqFt3,859 SqFtStories1Lot Size51,401 SqFtStyleMiscellaneous Vacant LandYear Built1953ZoningRX-3CountyWAKEAPN1702.16-84-9577 0081554

Schools near 2808 Marion Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Smith Elementary
PublicPK to 5

North Garner Middle
Public6 to 8

Middle Creek High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2808 Marion Road is a multi-family home for sale in Raleigh, NC 27610. This property was listed for sale on August 15, 2024 by Compass, it's currently listed at $2,500,000. It has been on the market for a total of 100 days and was last sold on June 6, 2022. This listing's school district is Wake County School District. Nearby schools include Smith Elementary, North Garner Middle and Middle Creek High. 2808 Marion Road is a 10-bed, 10-bath, 3,360 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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