This special property on a desirable . 35-acre corner lot offers a rare opportunity in one of Raleigh's premier locations. Set in an exceptional, walkable neighborhood near parks, the Village District, the Rose Garden, Hillsborough Street, and NC State, the home provides wonderful flexibility for today's lifestyle and tomorrow's vision. Thoughtfully updated over time, the home features open living spaces, hardwood floors throughout, a stylish, functional kitchen with granite countertops and stainless steel appliances, new AC (2026) and a newer roof (2024). The basement offers a finished recreation room with a full-sized bar, creating valuable bonus space beyond the main finished square footage. Whether you choose to further update and personalize the existing home or explore the opportunity to build your dream home, this property offers outstanding potential in a highly sought-after setting. Laundry currently in basement but could easily be moved upstairs into the former "kitchenette" space to make a generous main level laundry room! A rare two-car garage and existing elevator shaft add even more possibility, including potential adaptation for multi-generational living (Note: the built-in elevator has not been used for several decades, but the space remains for a future owner to evaluate and reimagine). Come explore the possibilities of this unique property in an unbeatable Raleigh location.
Single-familyProperty Type
1956Year Built
0.35 acresLot Size
$277Price/Sq.Ft.
2 garage spacesParking
Listed by Beth Y. Smoot• NextHome Triangle Properties
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Olds Elementary
Public PreK-5 • Assigned • 0.6mi
6/10
Martin Middle
Public 6-8 • Assigned • 1.4mi
7/10
Needham Broughton High
Public 9-12 • Assigned • 1.0mi
7/10
Provided by GreatSchools
About University
Park
University Park, located between Hillsborough Street and Wade Avenue, is a historic and walkable Raleigh neighborhood with tree-lined streets and early-20th-century bungalows. The neighborhood’s character concentrates around the Hillsborough Street corridor near the NC State Bell Tower, where coffee counters, indie eateries, and campus-football energy share the sidewalk. Iconic pillars include the NC State Memorial Belltower, the Gregg Museum of Art & Design, and the historic Rialto Theatre. Brick sidewalks and deep front porches set an unhurried streetscape. Pocket parks and the nearby greenway network shape daily routines. The setting reads as campus-adjacent yet residential, with a polished, lived-in feel.
Provided by Walk Score and Local Logic
Offer insights
1003 Gardner St · $925,000
$917K and above
75% chance or better to win
Why $917K+ is a strong offer
DAYS ON MARKET
114 days
The average home goes pending in 42 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Bar
Breakfast bar
Chandelier
Crown molding
Dual closets
Eat-in kitchen
Granite counters
Stone counters
Recessed lighting
Separate shower
Finished full basement
Bedrooms
4 bedrooms (all on main level)
Bathrooms
2 full bathrooms
1 half bathroom
Kitchen
Dishwasher
Electric oven
Range
Microwave
Ice maker
Stainless steel appliances
Water heater
Laundry & utility
Laundry on lower level
Flooring
Carpet
Hardwood
Tile
Heating & cooling
Heat pump heating
Central air conditioning (electric)
Exterior features
Front porch
Patio
Cleared vegetation
Adaptable for elevator
Home design
Site-built home
Two levels
No common walls
Parking
Attached garage
2 garage spaces
Driveway parking
4 open parking spaces
Construction
Brick construction
Brick/mortar foundation
Shingle roof
Built with finished space above and below grade
Utilities
Public water
Public sewer
Electricity connected
Natural gas connected
Sewer connected
Water connected
HOA & community
No association
Other
Zoned R-6
Road frontage on a city street (public maintained road)
Electricity and solar
View estimated energy costs and solar savings for this home
Nice corner, wooded lot; unheated basement + 3 car basement garage, workshop, warm weather family room; working elevator; in-law suite with 2 BR, bath, kitchen; hardwood floors abound; walk-up attic; two heating systems; 1 year home warranty; $5,000 paint/repair allowance; eager to sell-make an offer.
Year
Property tax
Land + Additions
Assessment*
2025
$5,472 (+0.4%)
$472,500 + $152,661
$625,161
2024
$5,450 (+16.7%)
$472,500 + $152,661
$625,161
2023
$4,668 (+7.6%)
$472,500 + $152,661
$625,161
2022
$4,337 (+4.0%)
$307,125 + $119,279
$426,404
2021
$4,169 (+1.9%)
$307,125 + $119,279
$426,404
2020
$4,093 (−6.2%)
$307,125 + $119,279
$426,404
2019
$4,362 (+6.0%)
$307,125 + $119,279
$426,404
2018
$4,114 (+5.0%)
$176,000 + $198,688
$374,688
2017
$3,918 (+2.1%)
$176,000 + $198,688
$374,688
2016
$3,837 (+11.0%)
$176,000 + $198,688
$374,688
2015
$3,457 (+5.4%)
$176,000 + $198,688
$374,688
2014
$3,279 (+7.0%)
$195,000 + $137,010
$332,010
2013
$3,063
$195,000 + $137,010
$332,010
2012
$3,063 (+1.0%)
$195,000 + $137,010
$332,010
2011
$3,033
$195,000 + $137,010
$332,010
Public record
Public record
Zoning
Beds
—
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
1986
Finished Sq. Ft.
2,729
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,729
Year built
1956
Style
Single Family Residential
County
Wake County
APN
0794.12 85 5872 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
R-6
SRPOD
Residential-6 District
R-6 allows single-unit living in a detached house, or tiny house and two-unit living in an attached house or townhouse or tiny house with a minimum lot size of 6,000 sq ft. Multi-unit living is also allowed in a townhouse.; Smaller minimum lot sizes are permitted as part of a compact development.; Additional building types, and smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space.; Dimensional standards, maximum density, allowed building types, and allowed uses may be modified for the R-6 district within the TOD overlay or Frequent Transit Areas identified in the City’s Comprehensive Plan to enable transit oriented development.
Zone overlays
Special Residential Parking Overlay District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
58% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27607
Average low and high temperatures (°F)
48
31
54
37
69
48
77
56
78
61
89
71
91
74
82
68
80
64
71
53
65
46
53
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1003 Gardner St
$895,329
$30K under list price of $925K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $825K to $1.5M.