Incredible development/renovation opportunity at Glenwood South, in the heart of Downtown Raleigh. A rare chance to build in one of the city's most active and desirable neighborhoods, with a high visibility location, strong foot traffic and walkable access to Raleigh's premier dining, nightlife, and entertainment. Two adjacent parcels (407 & 411 N. Boylan Ave) being sold together as one listing, offering a combined 0.26 acres (0.13 acres each) with three existing dwellings on the 2 lots totaling approx. 4,492 sqft. Zoned OX-3 (mixed-use, residential with business use), the site supports a wide range of uses including detached single-family, townhomes, condos/apartments, retail, office, or a combination of mixed-use development (ex. commercial on the ground floor, residential above). Parcels may be developed together or separately. Maximum building height is 3 stories under current zoning. Subject to NCOD overlay, which includes restrictions on roof pitch, setbacks, and similar design standards (see private agent remarks for details). Rezoning is possible and may allow for higher density or additional stories (several surrounding properties have already done so successfully). Utilities are available. All development potential is subject to final review and approval by surveyors, engineers, and the City of Raleigh. First photos of lots cleared + built on, are all virtually rendered!
For sale
$1,699,000
407 & 411 N Boylan Ave, Raleigh, NC 27603
9beds
4,492sqft
Mixed Use
Built in 1910
-- sqft lot
$-- Zestimate®
$378/sqft
$-- HOA
What's special
- 201 days
- 686
- 30
Zillow last checked:
Listing updated:
Listed by:
Martin Verdi 919-771-7772,
Compass -- Raleigh,
Sam Arkhangelski 919-980-2788,
Compass -- Raleigh
Source: Doorify MLS,MLS#: 10159638
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bedrooms: 6
Primary bedroom
- Level: Main
Heating
- Other
Cooling
- Other
Appliances
- Laundry: Other
Features
- Other
- Flooring: Other, Wood
Interior area
- Total structure area: 4,492
- Total interior livable area: 4,492 sqft
- Finished area above ground: 4,492
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Driveway, No Garage, On Site
- Uncovered spaces: 4
Features
- Levels: One,Two
- Stories: 2
- Patio & porch: Other
- Fencing: Other
- Has view: Yes
- View description: City, City Lights, Downtown
Lot
- Size: 0.26 Acres
- Features: City Lot, Rectangular Lot, Zero Lot Line
Details
- Additional structures: Guest House, Residence
- Parcel number: 1704.18400938 & 1704.18410023
- Zoning: OX-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Mixed Use
Materials
- Other
- Foundation: Other
- Roof: Other
Condition
- Fixer,To Be Built
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $378/sqft
- Tax assessed value: $1,792,846
- Annual tax amount: $17,928
- Date on market: 4/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Price change | $1,699,000-5.6%$378/sqft |
Source: | ||
| 4/13/2026 | Listed for sale | $1,800,000$401/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hillsborough
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Wiley Elementary
- Middle: Wake - Oberlin Middle
- High: Wake - Needham Broughton High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





