Amazing opportunity to own a rental property with development potential in downtown Raleigh. The property is currently improved with 2 bedroom/1 bathroom duplex units and are tenant occupied, providing immediate rental income with future redevelopment possibilities. Ideal for developers seeking flexibility for higher density residential development, including duplexes, townhomes, or multifamily projects (buyer to confirm zoning, density, and permitted uses). Strong surrounding growth, with proximity to dining, entertainment, employment centers, and major roadways, making this a highly desirable location. The adjacent property, 600 Sherrybrook Dr., is also available for purchase; if acquired together, the two parcels total approximately 0.41 acres with R-10 zoning. Buyer to confirm square footage. Listing agent has not been inside the units.
For sale
Price cut: $100K (4/30)
$525,000
1511 Joe Louis Ave, Raleigh, NC 27610
4beds
1,352sqft
Duplex, Multi Family
Built in 1983
-- sqft lot
$518,300 Zestimate®
$388/sqft
$-- HOA
What's special
- 162 days |
- 163 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Annie Clements 253-988-7467,
Choice Residential Real Estate
Source: Doorify MLS,MLS#: 10141059
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: See Remarks
Interior area
- Total structure area: 1,352
- Total interior livable area: 1,352 sqft
- Finished area above ground: 1,352
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 9,147 Square Feet
Details
- Parcel number: 171310357636000 0121771
- Zoning: R-10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Masonite
- Roof: Composition
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Joe Louis Park
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $246,376
- Annual tax amount: $2,188
- Date on market: 1/14/2026
- Lease term: 3 To 6 Months
- Road surface type: Paved
Estimated market value
$518,300
$492,000 - $544,000
$1,592/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Price change | $525,000-16%$388/sqft |
Source:  Doorify MLS #10141059 Report a problem | ||
| 1/14/2026 | Listed for sale | $625,000+260.2%$462/sqft |
Source: Doorify MLS #10141059 Report a problem | ||
| 6/24/2019 | Sold | $173,500+62.1%$128/sqft |
Source: Public Record Report a problem | ||
| 11/10/2005 | Sold | $107,000+17.6%$79/sqft |
Source: Public Record Report a problem | ||
| 1/28/2004 | Sold | $91,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,189 +0.4% | $246,376 |
| 2024 | $2,180 +4.8% | $246,376 +31.6% |
| 2023 | $2,080 +7.5% | $187,184 |
| 2022 | $1,935 +4% | $187,184 |
| 2021 | $1,861 +1.8% | $187,184 |
| 2020 | $1,828 +43.1% | $187,184 +75.3% |
| 2019 | $1,278 | $106,782 |
| 2018 | $1,278 +11% | $106,782 |
| 2017 | $1,151 +2% | $106,782 |
| 2016 | $1,128 -8.7% | $106,782 -7.5% |
| 2015 | $1,236 +5.3% | $115,498 |
| 2014 | $1,174 | $115,498 |
| 2013 | -- | $115,498 |
| 2012 | -- | $115,498 |
| 2011 | -- | $115,498 |
| 2010 | -- | $115,498 |
| 2009 | -- | $115,498 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 3/10Southeast Raleigh ElementaryGrades: PK-5Distance: 0.7 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 4.1 mi
- 4/10Southeast Raleigh HighGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27610
- South Central
- 1511 Joe Louis Ave
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