Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.
Lot/land
$1,800,000
550 E Jones St Lot 1, Raleigh, NC 27601
--beds
0baths
6,098Square Feet
Unimproved Land
Built in ----
6,098 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Historic oakwood adjacent lots
- 116 days
- 82
- 5
Zillow last checked:
Listing updated:
Listed by:
John Anton 919-395-3773,
Steeloak Residential LLC
Source: Doorify MLS,MLS#: 10172633
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: None
- Has view: Yes
- View description: City, Neighborhood
- Frontage type: Other
Lot
- Size: 6,098 Square Feet
- Dimensions: 30 x 208 x 30 x 208
- Features: Back Yard, City Lot, Interior Lot, Rectangular Lot, Hardwood Trees, Driveway, Sidewalks
- Residential vegetation: Grassed, Natural State
Details
- Additional structures: None
- Parcel number: 170328998668000 0054421
- Zoning: R-10
- Special conditions: Standard
- Other equipment: None
- Horse amenities: None
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected
Community & HOA
Community
- Subdivision: Historic Oakwood
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Tax assessed value: $450,783
- Annual tax amount: $3,951
- Date on market: 6/8/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Contract,Conventional
- Lease term: Month To Month
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $1,800,000 |
Source:  Doorify MLS #10172633 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: North Central
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Conn 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.
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