3809 Virginia Street

Raleigh, NC 27610

$1,250,000
Price
9
Beds
9
Baths
5,376 Sq. Ft.
$233 / Sq. Ft.
5,376
Sq. Ft.
$233
per Sq. Ft.

Description

This unique offering includes two duplexes on a shared lot—3809 Virginia St. and 3807 Thelma St.—with flexible options for buyers. Zoned RX-4 with a Transit Overlay District (TOD), the property presents significant development potential, allowing for the construction of a 6-story residential mixed-use building with minimal parking and frontage requirements. Currently, both duplexes are income-producing, with rooms rented by the week. 3809 Virginia St. features 5 beds/5 baths, while 3807 Thelma St....This unique offering includes two duplexes on a shared lot—3809 Virginia St. and 3807 Thelma St.—with flexible options for buyers. Zoned RX-4 with a Transit Overlay District (TOD), the property presents significant development potential, allowing for the construction of a 6-story residential mixed-use building with minimal parking and frontage requirements. Currently, both duplexes are income-producing, with rooms rented by the week. 3809 Virginia St. features 5 beds/5 baths, while 3807 Thelma St. has 4 beds/4 baths and a garage, with each room generating weekly income. Whether you're looking to capitalize on the immediate rental income or redevelop the property for larger-scale use, this opportunity offers the best of both worlds. Owner financing is available.

Listing Agent

Property Details for 3809 Virginia Street

View
Yes
Subdivision
Beacon Lake
LISTING UPDATED: 09/23/2024 08:42 AM

Property Details for 3809 Virginia Street

StatusActive
MLS #10048102
Days on Market93
Taxes$4,698 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1968
Lot Size0.92 AC / 40,075 SF
CountyWake County

Building Information for 3809 Virginia Street

Stories1Residences-Year Built1968Building Size-Lot Size0.92 AC / 40,075 SF

Property Information for 3809 Virginia Street

Summary
Location and General Information
  • Zoning: R-4
  • Directions: Follow I-440 E to US-64 BUS E/New Bern Ave. Take exit 13B from I-440 E Merge onto I-440 E Take exit 13B for U.S. 64 Business E toward Knightdale Continue on US-64 BUS E/New Bern Ave. Turn right onto Plainview Dr Turn left onto Hillcrest Dr Turn right onto Virginia St Destination will be on the left
  • Subdivision Name: Beacon Lake
  • Latitude: 35.796166
  • Longitude: -78.574355
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $4,698.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 111
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2025-08-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Partnership
  • Middle Or Junior School: Wake - Moore Square Museum
  • High School: Wake - S E Raleigh
Parking
  • Open Parking: Yes
  • Carport: No
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
Property
Lot Information
  • Building Area Total: 5376.0
  • Architectural Style: Ranch
  • Total Other Area Sq Ft: 0
  • Parcel Number: 111
  • Enhanced Accessible: No
  • Primary Residence YN: No
Property and Assessments
  • New Construction: No
  • Photos Count: 5
  • Property Attached: Yes
  • Above Grade Finished Area Source: Public Records
  • 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: Brick, Vinyl Siding
  • Foundation Details: Block
  • Pool Private: No
  • Roof: Metal
  • New Construction Type: Brick, Vinyl Siding
Interior Features
  • Levels: One
  • Stories: 1
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile
  • Cooling: Heat Pump
  • Cooling?: Yes
  • Heating: Heat Pump
  • Heating?: Yes
  • Spa: No
  • Interior: Brick, Vinyl Siding
Room Information
Room Information
  • Rooms Total: 0.0
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Weekly

Property History for 3809 Virginia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3809 Virginia Street

Taxable ValueLand$96,000Additions$169,444Total$265,444
Tax Record2024$2,345 ($195 / month)
Home Facts
Beds0Baths2.5Total Finished SqFt1,500 SqFtAbove Grade Finished SqFt1,500 SqFtStories1Lot Size40,075 SqFtStyleSingle Family ResidenceYear Built1968ZoningR-4CountyWAKEAPN1724.15-64-2904 0076854

Schools near 3809 Virginia Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Partnership Elementary
PublicK to 5

Moore Square Museum Magnet Mid
Public6 to 8

Southeast Raleigh High
Public9 to 12

River Oaks Middle
Public6 to 8

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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3809 Virginia Street is a multi-family home for sale in Raleigh, NC 27610. This property was listed for sale on August 21, 2024 by Compass, it's currently listed at $1,250,000. It has been on the market for a total of 93 days and was last sold on June 27, 2006. This listing's school district is Wake County School District. Nearby schools include Partnership Elementary, Moore Square Museum Magnet Mid and Southeast Raleigh High. 3809 Virginia Street is a 9-bed, 9-bath, 5,376 sqft multi-family home built in 1968.

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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