NOT LISTED FOR SALE

1508 Gorman St Raleigh, NC 27606

12 Beds
-- Bath
4,227 Sq Ft
0.55 Acres

Last Sold October 14, 2021

Last sale price $1,300,000 $308 Per Sq Ft

11 Days on Market

About This Home

As of October 2021

Fantastic investment opportunity to own a FULLY RENOVATED TRI-PLEX near NC State University. The building currently has three units each with 4 bedrooms/4 full baths. Owner has architectural plans finalized to ADD TWO ADDITIONAL 4 bedroom/4 bath units to the building. Total rents currently $8,050 monthly. Potential rents of $14,000 monthly with 5 units. Conveniently located near the bus line and minutes to downtown Raleigh and NC State campus.

Last Agent to Sell the Property

John Saineghi

Northside Realty Inc. License #276186 Listed on: 07/13/2021

Northside Realty Inc.

Last Buyer's Agent

rick dean

CityGate Real Estate Services, License #263229

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,148

Year Built

  • Built in 1987

Lot Details

  • 0.55

Parking

  • 3 Parking Spaces

Home Design

  • Block Foundation
  • Vinyl Siding

Schools

  • Weatherstone Elementary School
  • Davis Drive Middle School
  • Athens Dr High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Laminate Flooring
  • Laundry in unit

Community Details

  • 3 Units

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,148

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Year Built: 1987
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Laminate: Yes
  • Foundation Details Block3: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 3.0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Information:Parking Total: 3.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Davis Drive

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 6148.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Wake - Weatherstone

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $1,300,000 -- --
10/14/2021 10/14/21 Sold $1,300,000 -13.0% $308 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $1,495,000 -- $354 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Saineghi

    Northside Realty Inc.

    (919) 818-7986

    6 Total Sales

    John Saineghi
    Section Image
  • rick dean

    Buyer's Agent in 2021

    rick dean

    CityGate Real Estate Services,

    (919) 830-3590

    61 Total Sales

    rick dean
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2395364

Doorify MLS
North Carolina Wake County Raleigh 27606

1508 Gorman St, Raleigh, NC

This home is located at 1508 Gorman St, Raleigh, NC 27606 since 13 July 2021. This property was built in 1987. 1508 Gorman St is a home located in Wake County with nearby schools including Weatherstone Elementary School, Davis Drive Middle, and Atlas International School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes