850 Athens Drive, Raleigh, NC 27606
Not in a Subdivision · Wake County
Key Facts
Description
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!
Property Information
Property Type
Residential
Sub-Type
Triplex
Structure Type
Triplex
Year Built
1965
Living Area
2,727 sq ft
Lot Size
0.55 acres
Zoning
R-6
Days on Market
48
MLS® Listing#
10168019
Property Features
Appliances
Cooling
Heating
Flooring
Construction
Roof
Sewer
Water Source
Rooms
- Bedroom 2Main
- Bedroom 2Main
- Bedroom 2Main
- Bedroom 3Main
- Bedroom 3Main
- Master BedroomMain
- Master BedroomMain
- Master BedroomMain
Schools
- Elementary:
- Wake - Farmington Woods Elementary
- Middle:
- Wake - Martin Middle
- High:
- Wake - Athens Drive High
Financial Details
HOA
None
Annual Taxes
$3,768
Tax year 2025
Assessed Value
$425,205
Parcel Number
078306279698000 0010286
Directions
From I40/US64 to Jones Franklin Rd. Exit 1C from 1440E/US1. Continue on Jnes Franklin Rd Drive to Athens Dr. Triplex is on the Right.
Affordability Calculator
$119,800
Estimated monthly payment
$3,188/mo
Principal $479,200 · Est. interest $668,527 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Raleigh, NC
- $466,071
- Median Listing Price
- 54
- Median Days on Market
- 1,958
- Median Sq Ft
- $234
- Median Price / Sq Ft
- 2,214
- Active Listings
- This home’s price is 29% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Raleigh, NC.
Location
- 850 Athens Drive, Raleigh, NC 27606
Getting Around
Points of Interest in Raleigh, NC
Showing the Raleigh area map.
Nearby Schools
Learn with the Best
School · 0.3 mi away
Athens Drive High School
Secondary · 0.8 mi away
Grace Christian School
Elementary · 1.0 mi away
Bridges Program
School · 1.0 mi away
Mt Vernon Middle School
Elementary · 1.0 mi away
Combs Elementary
Elementary · 1.0 mi away
The Raleigh School
Elementary · 1.4 mi away
Atlas International School
School · 1.4 mi away
Renaissance Montessori
Elementary · 1.4 mi away
Method Child Development Center
School · 1.7 mi away
Dillard Drive Middle
Secondary · 1.7 mi away
Children's Discovery Center
School · 1.8 mi away
Wake County Public School System
School · 1.8 mi away
Al Iman School
School · 1.8 mi away
Crossroads Flex
Secondary · 1.8 mi away
Cardinal Gibbons High School
Secondary · 1.9 mi away
Iar Youth
School · 1.9 mi away
Little Treasures School
Secondary · 1.9 mi away
Centennial Campus Middle School
Secondary · 2.2 mi away
Swift Creek Elementary
Elementary · 2.3 mi away
Commute Calculator
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|---|---|---|---|---|
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| 5333 Wayne Street, Raleigh, NC | $699,999 | 8 | 8 | 3,981 |
| 626 Maple Lane, Raleigh, NC | $700,000 | 8 | 4 | 3,408 |
Moving Cost Estimate
EXIT Agents in Raleigh
Listing Courtesy: Berkshire Hathaway HomeService - 9197826641
Last Updated: 2026-05-15