Looking for a highly profitable addition to your rental portfolio? We hold the assignable contract on this premium 2BR/1.5BA townhouse-style condo located at 1649 Sutton Dr, Raleigh, NC 27605. Situated directly next to the vibrant Village District (formerly Cameron Village), this property sits in one of Raleigh's most desirable, high-demand rental pockets—just a short walk from Glenwood South, NC State, and downtown.
The unit features a highly functional 1,000 sq. ft. layout with hardwood flooring and built-in features. Because of its unbeatable, central location, it attracts premium renters and commands excellent cash flow, with average neighborhood rents for updated units bringing in approximately $2,100 per month.
For sale by owner
$280,000
1649 Sutton Dr, Raleigh, NC 27605
2beds
1,000sqft
Condo
Built in 1949
-- sqft lot
$335,000 Zestimate®
$280/sqft
$-- HOA
What's special
Hardwood flooringBuilt-in features
- 3 days |
- 193 |
- 11 |
Listed by:
Property Owner (336) 253-1205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 1,000 sqft
Property
Parking
- Parking features: Off-street
Details
- Parcel number: 1704136471145
Construction
Type & style
- Home type: Condo
Materials
- Frame
Condition
- New construction: No
- Year built: 1949
Community & HOA
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $282,567
- Annual tax amount: $2,484
- Date on market: 6/20/2026
Estimated market value
$335,000
$312,000 - $358,000
$1,556/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for sale | $280,000$280/sqft |
Source: Owner Report a problem | ||
| 6/22/2026 | Pending sale | $280,000$280/sqft |
Source: Owner Report a problem | ||
| 6/20/2026 | Listed for sale | $280,000-9.7%$280/sqft |
Source: Owner Report a problem | ||
| 8/31/2021 | Sold | $310,000+102.6%$310/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/22/2019 | Listing removed | $1,325$1/sqft |
Source: Owner Report a problem | ||
| 1/8/2019 | Price change | $1,325-5.4%$1/sqft |
Source: Owner Report a problem | ||
| 11/14/2018 | Listed for rent | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 6/20/2006 | Sold | $153,000+31.9%$153/sqft |
Source: Public Record Report a problem | ||
| 4/3/1998 | Sold | $116,000-0.4%$116/sqft |
Source: Public Record Report a problem | ||
| 12/16/1997 | Sold | $116,500$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,484 +0.4% | $282,567 |
| 2024 | $2,474 +7.8% | $282,567 +35.3% |
| 2023 | $2,296 +7.6% | $208,806 |
| 2022 | $2,134 +4% | $208,806 |
| 2021 | $2,052 +1.8% | $208,806 |
| 2020 | $2,015 +1.9% | $208,806 +23.6% |
| 2019 | $1,978 | $168,945 |
| 2018 | $1,978 +11.3% | $168,945 |
| 2017 | $1,778 +2.1% | $168,945 |
| 2016 | $1,741 -5% | $168,945 -3.5% |
| 2015 | $1,833 +5.4% | $175,116 |
| 2014 | $1,739 | $175,116 |
| 2013 | -- | $175,116 |
| 2012 | -- | $175,116 |
| 2011 | -- | $175,116 |
| 2010 | -- | $175,116 |
| 2009 | -- | $175,116 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Hillsborough
Nearby schools
GreatSchools rating
- 6/10Wiley ElementaryGrades: PK-5Distance: 0.6 mi
- 7/10Oberlin Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 0.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27605
- Hillsborough
- 1649 Sutton Dr






