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
--baths
6,098Square Feet
Unimproved Land, Land
Built in ----
6,098 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Historic oakwood adjacent lots
- 20 days |
- 149 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
John Anton 919-395-3773,
Steeloak Residential LLC
Source: Doorify MLS,MLS#: 10172633
Facts & features
Property
Parking
- Parking features: Driveway
Features
- Fencing: None
- Has view: Yes
- View description: City, Neighborhood
Lot
- Size: 6,098 Square Feet
- Dimensions: 30 x 208 x 30 x 208
- Features: Back Yard, City Lot, Hardwood Trees, Interior Lot, Rectangular Lot, Sidewalks
Details
- Additional structures: None
- Parcel number: 170328998668000 0054421
- Zoning: R-10
- Special conditions: Standard
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
- Annual tax amount: $3,951
- Date on market: 6/8/2026
- 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
Estimated monthly payment$1,822
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: North Central
Getting around
70 / 100
Excellent TransitNearby schools
GreatSchools rating
- 5/10Conn ElementaryGrades: PK-5Distance: 1.1 mi
- 7/10Oberlin Middle SchoolGrades: 6-8Distance: 2.7 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27601
- North Central
- 550 E Jones St Lot 1
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