- For Sale $1,150,000
- Property Type Multi-Family
- Property Size 3,234 SF
- Units 3
- Lot Size 0.16 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1920
- Date Updated Sep 21, 2026
Description
In the heart of Raleigh within walking distance to nearby amenities including restaurants, shopping, hotels, banks, fitness and more.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.
Highlights
- Currently configured as three residential units, offering immediate rental income potential
- Flexible zoning supports office and residential mixed-use uses
- 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
- Unused rear portion of the site offers future development potential
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Contacts
Ryan Gaylord, CCIM, SIOR
NAI Tri Properties
Location
Located at 725 W Morgan St, Raleigh, NC 27603, this property is part of the Cameron Village neighborhood and Raleigh Durham market.
Contact Listing Broker
Ryan Gaylord, CCIM, SIOR
NAI Tri Properties
