$1,295,000

206 Ashe Ave Raleigh, NC 27605

Hillsborough Neighborhood

Estimated payment $7,178/month

Total Views 3,277
6 Beds
2 Baths
2,610 Sq Ft
$496 Price per Sq Ft

Highlights

  • Transitional Architecture
  • Wood Flooring
  • Granite Countertops
  • Wiley Elementary Rated A-
  • Main Floor Primary Bedroom
  • Private Yard

About This Home

This beautiful NCSU cash-flow student rental is in amazing shape. beautiful original hardwood floors support 6 large bedrooms in comfort and style. Walk to NCSU and all the extras that are near. (Jade Garden the bakery, etc) income is $6500/mo. with leases until next (2027 School year) July at $6750. There is an easement that allows the neighbor to use the shared driveway.

Listing Agent

Doro Taylor

CityGate Real Estate Services, License #233095 Listed on: 11/28/2025

CityGate Real Estate Services,

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,688

Year Built

  • Built in 1901

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • No Units Located Below
  • No Unit Above or Below
  • East Facing Home
  • Private Entrance
  • Permeable Paving
  • Interior Lot
  • Cleared Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Permanent Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Lead Paint Disclosure

Interior Spaces

  • 2,610 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Storage

Kitchen

  • Oven
  • Built-In Range
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on lower level
  • Washer and Dryer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 8 Parking Spaces
  • No Garage
  • Parking Pad
  • Parking Accessed On Kitchen Level
  • Gravel Driveway
  • 8 Open Parking Spaces
  • Parking Lot
  • Outside Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Rain Gutters

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 170305191740000 0038433

Community Details

Overview

  • No Home Owners Association
  • Community Parking

Additional Features

  • Laundry Facilities
  • Gross Income $6,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,688

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Year Built: 1901
  • Prop. Type: Residential Income
  • Road Surface Type: Asphalt
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 2610.0
  • Unit Levels: Bi-Level
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Interior Features Smooth Ceilings: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Remarks and Miscellaneous Syndication Remarks2: This beautiful NCSU cash-flow student rental is in amazing shape. beautiful original hardwood floors support 6 large bedrooms in comfort and style. Walk to NCSU and all the extras that are near. (Jade Garden the bakery, etc) income is $6500/mo. with leases until next (2027 School year) July at $6750. There is an easement that allows the neighbor to use the shared driveway.
  • Foundation Details BrickMortar: Yes
  • Roof:Shingle: Yes
  • Common Walls No One Above: Yes
  • Common Walls No One Below: Yes
  • Cooling Gas3: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 2610.0
  • Laundry Features Common Area2: Yes
  • Common Walls No Common Walls: Yes
  • Foundation Details Permanent: Yes
  • Roof Asphalt3: Yes
  • Disclosures Lead Based Paint: Yes
  • Laundry Features Lower Level: Yes
  • Structure Type Multi Family: Yes
  • General Property Information Number Of Units Total3: 1.0
  • General Property Information Lot Size Square Feet2: 7405.0
  • General Property Information Number Of Buildings2: 1.0
  • Levels Bi-Level: Yes
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 2610.0
  • General Property Information Direction Faces: East
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, Pantry, Primary Downstairs, Smooth Ceilings, Stone Counters, Storage
  • Basement: Full, Storage Space, Unfinished
  • Appliances: Built-In Electric Range, Built-In Range, Dishwasher, Dryer, Free-Standing Refrigerator, Gas Water Heater, Ice Maker, Induction Cooktop, Oven, Plumbed For Ice Maker, Refrigerator, Washer, Washer/Dryer, Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Basement:Unfinished: Yes
  • Appliances:Oven: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:Free-Standing Refrigerator: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:WasherDryer: Yes
  • Appliances:Built-In Range: Yes
  • Appliances:Built-In Electric Range: Yes
  • Appliances:Induction Cooktop: Yes
  • Basement:Storage Space: Yes
  • Interior Features:Stone Counters: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Exterior Features: Permeable Paving, Private Entrance, Private Yard, Rain Gutters, Storage
  • Acres: 0.17
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Common Walls: No Common Walls, No One Above, No One Below
  • Construction Type: Brick
  • Direction Faces: East
  • Foundation Details: Brick/Mortar, Permanent, Slab
  • Patio And Porch Features: Covered, Front Porch, Porch, Rear Porch
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Brick: Yes
  • Exterior Features:Storage2: Yes
  • Lot Features:Interior Lot: Yes
  • Lot Features:Back Yard2: Yes
  • Exterior Features:Private Yard: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Front Yard2: Yes
  • Lot Features:Cleared: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Exterior Features:Private Entrance: Yes
  • Exterior Features:Permeable Paving: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: Deeded, Gravel, Kitchen Level, No Garage, Off Street, On Site, Open, Outside, Oversized, Parking Lot, Parking Pad
  • Total Parking Spaces: 8.0
  • Parking Features:Gravel: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:Parking Pad: Yes
  • Association Amenities:Parking: Yes
  • Parking Features:Outside3: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Oversized: Yes
  • Parking Features:On Site: Yes
  • Parking Features:Kitchen Level: Yes
  • Parking Features:Deeded: Yes
  • General Property Information:Parking Total: 8.0
  • Parking Features:Open: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 8.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 170305191740000 0038433

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: 12 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 5688.28
  • Tax Year: 2025

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 6500.0

MLS Schools

  • Elementary School: Wake County Schools

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,688 $647,664 $459,000 $188,664
2024 $5,665 $647,664 $459,000 $188,664
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2025 11/28/25 For Sale $1,295,000 -- $496 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Available
Deed -- None Available
Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $300,000 None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $279,000 Purchase Money Mortgage
Previous Owner $270,000 Purchase Money Mortgage
Previous Owner $60,000 Purchase Money Mortgage
Source: Public Records

Source: Doorify MLS

MLS Number: 10135162

Doorify MLS

APN: 1703.05-19-1740-000

North Carolina Wake County Raleigh 27603 Hillsborough

206 Ashe Ave, Raleigh, NC

For Sale

MultiFamily

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Doro Taylor
Listing Agent
Doro Taylor
Section Image
CityGate Real Estate Services,
(919) 626-8704