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725 W Morgan St

$1,150,000

725 W Morgan St, Raleigh, NC 27603

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Last Updated: 09/21/2026

3,234 sqft

Building Size

0.16 acres

Lot Area

Details:
Building Size:    3,234 sqft
Lot Area:    0.16 acres
Class:    C
Units:    3
Year Built:    1920
Floors:    2
Highlights:
  • Gravel parking in rear of building with a perpetual 9' easement through neighboring property.
  • Prime location near Glenwood South, Boylan Heights, Downtown Raleigh, and Dorothea Dix Park
  • Currently configured as three residential units, offering immediate rental income potential
  • Flexible zoning supports office and residential mixed-use uses
  • Unused rear portion of the site offers future development potential
Description:

725 W. Morgan Street offers a rare opportunity to acquire an asset with versatile zoning in the heart of Downtown Raleigh, providing substantial redevelopment potential. The existing 3,234 SF building sits on 0.16 acres and is currently configured as a multifamily property, providing immediate cash flow with significant future upside.

In the heart of Raleigh within walking distance to nearby amenities including restaurants, shopping, hotels, banks, fitness and more.

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Documents:
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