850 Athens Dr Raleigh, NC 27606
West Raleigh NeighborhoodEstimated payment $3,550/month
Highlights
- 0.55 Acre Lot
- Radiant Floor
- No HOA
- Farmington Woods Elementary Rated A
- Traditional Architecture
- Stainless Steel Appliances
About This Home
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!
Listing Agent
Berkshire Hathaway HomeService License #275514 Listed on: 05/18/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,768
Year Built
- Built in 1965
Lot Details
- 23,958 Sq Ft Lot
Parking
- 6 Open Parking Spaces
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 2,727 Sq Ft Home
- 1-Story Property
Kitchen
- Range
- Microwave
- Stainless Steel Appliances
Flooring
- Wood
- Radiant Floor
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Schools
- Farmington Woods Elementary School
- Martin Middle School
- Athens Drive High School
Utilities
- Window Unit Cooling System
- Heating Available
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 078306279698000 0010286
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,768 | $425,205 | $143,550 | $281,655 |
| 2024 | $3,753 | $425,205 | $143,550 | $281,655 |
| 2023 | $3,306 | $297,824 | $99,000 | $198,824 |
| 2022 | $3,075 | $297,824 | $99,000 | $198,824 |
| 2021 | $2,958 | $297,824 | $99,000 | $198,824 |
| 2020 | $2,905 | $297,824 | $99,000 | $198,824 |
| 2019 | $2,415 | $203,243 | $65,450 | $137,793 |
| 2018 | $2,281 | $203,243 | $65,450 | $137,793 |
| 2017 | $0 | $203,243 | $65,450 | $137,793 |
| 2016 | $2,131 | $203,243 | $65,450 | $137,793 |
| 2015 | $2,214 | $207,987 | $68,200 | $139,787 |
| 2014 | $2,102 | $207,987 | $68,200 | $139,787 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2026 07/02/26 | Pending | -- | -- | -- |
| 06/26/2026 06/26/26 | Price Changed | $599,000 | -6.3% | $220 / Sq Ft |
| 06/09/2026 06/09/26 | Price Changed | $639,000 | -3.0% | $234 / Sq Ft |
| 05/18/2026 05/18/26 | For Sale | $659,000 | -- | $242 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | None Available | |
| Warranty Deed | $320,000 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $135,500 | Commercial | |
| Closed | $192,000 | Purchase Money Mortgage |
Source: Doorify MLS
MLS Number: 10168019
APN: 0783.06-27-9698-000
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