27601 Homes under $500,000

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Newest 27601 Homes under $500,000

$325,000

10192288 MLS

A great opportunity to build in one of Raleigh's most sought-after areas, just minutes from Downtown Raleigh. Located at 1121 S. Bloodworth Street, this over 6,500 square-foot lot offers a 50' x 135' footprint with plenty of possibilities for a new construction home. Whether you're a builder, investor or someone ready to create a home of your own, this is a chance to take advantage of an established location while putting your own plans into action. The property is ideally situated near Downtown Raleigh, with easy access to local restaurants, coffee shops, entertainment, parks, nightlife, and major employment centers. The surrounding area continues to see new development and investment, making this an attractive opportunity for those looking to build in an area with strong momentum. Finding buildable lots this close to downtown is becoming increasingly rare, making 1121 S. Bloodworth Street one worth taking a closer look at. Bring your vision, your plans, and your builder. There's plenty of potential here to create something special in the heart of Raleigh.

1121 S Bloodworth St, Raleigh

Seller Representative Keller Williams Elite Realty

$375,000

10183461 MLS

Location is top!!! Rare opportunity to own a prime .15-acre lot in the heart of downtown Raleigh! This cleared lot offers endless potential for your next residential project. Located just minutes from Raleigh's vibrant urban core, enjoy easy access to dining, shopping, entertainment, and major highways. The lot is ideal for developers, investors, or anyone looking to build in this highly sought-after location. Don't miss out on the chance to create something special in one of Raleigh's most desirable areas!

923 E Hargett St, Raleigh

Seller Representative EXP Realty LLC

$390,000

4 Baths ⋅ 10174161 MLS

Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths. The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services. With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.

615 New Bern Ave, Raleigh

Seller Representative Redfin Corporation

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

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