Excellent investment and redevelopment opportunity in the heart of Raleigh! This 1920s Craftsman features four individual units. Nestled on a quiet street in the highly desirable Glenwood-Brooklyn Historic District, this property combines neighborhood charm with unbeatable convenience. Enjoy being just minutes from grocery stores, acclaimed restaurants, Fletcher Park, and close proximity to downtown Raleigh. Currently configured as a stripped-down quadplex, the footprint provides the perfect shell for a high-end single-family conversion. Alternatively, rehab the existing four 1-bed/1-bath units to capture premium rental rates in a Class-A location.
For sale
Price cut: $85K (9/18)
$515,000
513 Cleveland St, Raleigh, NC 27605
4beds
2,110sqft
Quadruplex
Built in 1920
-- sqft lot
$504,800 Zestimate®
$244/sqft
$-- HOA
What's special
- 80 days
- 2,498
- 194
Zillow last checked:
Listing updated:
Listed by:
Kharmika T Alston,
The Alston Real Estate Group
Source: Doorify MLS,MLS#: 10177968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other, See Remarks
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Hardwood, Parquet
- Basement: Walk-Out Access
Interior area
- Total structure area: 2,110
- Total interior livable area: 2,110 sqft
- Finished area above ground: 2,110
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Off Street
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 170414438292000 0060844
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Crawlspace
- Roof: See Remarks
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Glenwood
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $612,027
- Annual tax amount: $5,417
- Date on market: 7/10/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$504,800
$480,000 - $530,000
$1,741/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Price change | $515,000-14.2%$244/sqft |
Source:  Doorify MLS #10177968 Report a problem | ||
| 8/18/2026 | Price change | $600,000-7.7%$284/sqft |
Source: Doorify MLS #10177968 Report a problem | ||
| 7/10/2026 | Listed for sale | $650,000+400%$308/sqft |
Source: Doorify MLS #10177968 Report a problem | ||
| 3/31/1993 | Sold | $130,000$62/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $80 | $612,027 |
| 2024 | $80 | $612,027 +33.7% |
| 2023 | $80 | $457,829 |
| 2022 | $80 | $457,829 |
| 2021 | $80 | $457,829 |
| 2020 | $80 | $457,829 +31.8% |
| 2019 | $80 | $347,451 |
| 2018 | $80 | $347,451 |
| 2017 | $80 | $347,451 |
| 2016 | $80 | $347,451 +0.2% |
| 2015 | $80 | $346,877 |
| 2014 | $80 | $346,877 |
| 2013 | -- | $346,877 |
| 2012 | -- | $346,877 |
| 2011 | -- | $346,877 |
| 2010 | -- | $346,877 |
| 2009 | -- | $346,877 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Five Points
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