409 Donald Ross Drive

Raleigh, NC 27610

$2,500,000
Price
Beds
10,157 Sq. Ft.
$246 / Sq. Ft.
10,157
Sq. Ft.
$246
per Sq. Ft.

Description

Positioned directly across the iconic Raleigh Country Club, this East Raleigh parcel offers prime development opportunity: Take advantage of the designated Raleigh Economic Development Target Area, R-6 Zoning, and the Frequent Transit Overlay District to maximize development: Up to 3 stories / 33 rent by the week units potential with minimal parking. Or buy and hold the existing four 2-story townhouse units, and one one-story unit (23 weekly rental units total), for immediate cash flow.* Located...Positioned directly across the iconic Raleigh Country Club, this East Raleigh parcel offers prime development opportunity: Take advantage of the designated Raleigh Economic Development Target Area, R-6 Zoning, and the Frequent Transit Overlay District to maximize development: Up to 3 stories / 33 rent by the week units potential with minimal parking. Or buy and hold the existing four 2-story townhouse units, and one one-story unit (23 weekly rental units total), for immediate cash flow.* Located blocks from The WakeMed Hospital Campus and Wake County's future $130M Health & Human Services Campus. Additional on-site features include a well, a swimming pool (currently dirt-filled), two 12x12 storage units. Don't miss out on this rare investment opportunity in Raleigh's thriving downtown community. Owner Financing Available.

Listing Agent

Property Details for 409 Donald Ross Drive

Waterfront
No
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/25/2024 05:56 PM

Property Details for 409 Donald Ross Drive

StatusActive
MLS #10048042
Days on Market95
Taxes$6,750 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1950
Lot Size0.94 AC / 40,946 SF
CountyWake County

Building Information for 409 Donald Ross Drive

Stories2Residences-Year Built1950Building Size-Lot Size0.94 AC / 40,946 SF

Property Information for 409 Donald Ross Drive

Summary
Location and General Information
  • Zoning: R-6
  • Directions: Take 440E to Exit 13A New Bern Ave./ Downtown Raleigh. Make Right onto New Bern, pass Wake Med Hospital, and make a left onto Donald Ross Drive.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.775978
  • Longitude: -78.591192
Taxes and HOA Information
  • Tax Annual Amount: $6,750.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 0
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2025-08-31
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Total: 10157.0
  • Lot Size Dimensions: 274 x 126 x 38 x 249 x 150
  • Available Acres: 0.94
  • Enhanced Accessible: No
  • List PriceAcre: 2659574.47
  • Power Production YN: Yes
  • Road Frontage Length: 413
Property and Assessments
  • New Construction: No
  • Photos Count: 4
  • Below Grade Finished Area Units: Square Feet
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Stories: 2
  • Cooling?: Yes
  • Heating?: Yes
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Weekly

Property History for 409 Donald Ross Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 409 Donald Ross Drive

Taxable ValueLand$287,500Additions$480,505Total$768,005
Tax Record2024$6,750 ($563 / month)
Home Facts
Baths3.5Total Finished SqFt3,437 SqFtAbove Grade Finished SqFt3,437 SqFtStories1Lot Size40,946 SqFtStyleDuplexYear Built1950Year Renovated1985ZoningR-6CountyWAKEAPN1723.05-17-2660 0078341Fireplace TypeHas Fireplace

Schools near 409 Donald Ross Drive

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
Oak Grove Elementary
PublicPK to 5

Dillard Drive Middle
Public6 to 8

William G Enloe High
Public9 to 12

Wake Early Coll Heal
Public9 to 13

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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409 Donald Ross Drive is a multi-family home for sale in Raleigh, NC 27610. This property was listed for sale on August 20, 2024 by Compass, it's currently listed at $2,500,000. It has been on the market for a total of 95 days and was last sold on March 12, 2004. This listing's school district is Wake County School District. Nearby schools include Oak Grove Elementary, Dillard Drive Middle and William G Enloe High. 409 Donald Ross Drive is a 0-bed, 0-bath, 10,157 sqft multi-family home built in 1950.

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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