Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!
For sale
Price cut: $20K (6/9)
$639,000
850 Athens Dr, Raleigh, NC 27606
8beds
2,727sqft
Triplex, Residential
Built in 1965
-- sqft lot
$620,100 Zestimate®
$234/sqft
$-- HOA
What's special
- 34 days |
- 1,443 |
- 104 |
Zillow last checked:
Listing updated:
Listed by:
George Patrick III 919-278-7420,
Berkshire Hathaway HomeService
Source: Doorify MLS,MLS#: 10168019
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Radiant Floor
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s)
Features
- Flooring: Hardwood, Tile
Interior area
- Total structure area: 2,727
- Total interior livable area: 2,727 sqft
- Finished area above ground: 2,727
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 0.55 Acres
Details
- Parcel number: 078306279698000 0010286
- Zoning: R-6
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Residential
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $234/sqft
- Tax assessed value: $425,205
- Annual tax amount: $3,768
- Date on market: 5/18/2026
- Lease term: 12 Months
Estimated market value
$620,100
$589,000 - $651,000
$1,432/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $639,000-3%$234/sqft |
Source:  Doorify MLS #10168019 Report a problem | ||
| 5/18/2026 | Listed for sale | $659,000+60.7%$242/sqft |
Source: Doorify MLS #10168019 Report a problem | ||
| 12/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/2/2023 | Price change | $1,350-20.6% |
Source: Zillow Rentals Report a problem | ||
| 10/2/2023 | Price change | $1,700-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/28/2023 | Price change | $1,800+4.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/26/2023 | Price change | $1,725+27.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/5/2023 | Listed for rent | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 8/5/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/21/2023 | Listed for rent | $1,350+8% |
Source: Zillow Rentals Report a problem | ||
| 5/27/2021 | Sold | $410,000+28.1%$150/sqft |
Source: Public Record Report a problem | ||
| 5/17/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/12/2021 | Listed for rent | $1,250+13.6% |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/18/2020 | Listing removed | $1,100 |
Source: Owner Report a problem | ||
| 2/11/2020 | Listed for rent | $1,100 |
Source: Owner Report a problem | ||
| 5/6/2019 | Listing removed | $1,100 |
Source: Owner Report a problem | ||
| 3/28/2019 | Listed for rent | $1,100 |
Source: Owner Report a problem | ||
| 3/31/2017 | Sold | $320,000$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,768 +0.4% | $425,205 |
| 2024 | $3,753 +13.5% | $425,205 +42.8% |
| 2023 | $3,306 +7.5% | $297,824 |
| 2022 | $3,075 +4% | $297,824 |
| 2021 | $2,958 | $297,824 |
| 2020 | -- | $297,824 +46.5% |
| 2019 | $2,415 | $203,243 |
| 2018 | -- | $203,243 |
| 2017 | -- | $203,243 |
| 2016 | $2,131 -3.8% | $203,243 -2.3% |
| 2015 | $2,214 +5.3% | $207,987 |
| 2014 | $2,102 | $207,987 |
| 2013 | -- | $207,987 |
| 2012 | -- | $207,987 |
| 2011 | -- | $207,987 |
| 2010 | -- | $207,987 |
| 2009 | -- | $207,987 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: West Raleigh
Nearby schools
GreatSchools rating
- 8/10Farmington Woods ElementaryGrades: PK-5Distance: 3.3 mi
- 7/10Martin MiddleGrades: 6-8Distance: 3.1 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Wake - Farmington Woods Elementary
- Middle: Wake - Martin Middle
- High: Wake - Athens Drive 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
- 27606
- West Raleigh
- 850 Athens Dr
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