1408 Crest, 5-units, all 3 BD/3.5 BA, 3-stories, built in 2002. 1406 Crest, one-story duplex, 3 BD/2 BA units, built in 1952. Properties must be sold as a package. Some units at 1408 are rented by-the-bedroom on monthly/weekly basis. Owner pays utilities for these units, but all units are individually metered. See rent roll in documents. Close to NC State, but current residents are not students. Has a lot of potential, but will require work (especially 1406) & hands-on management. NON-CSS. See remarks
Multi-familyProperty Type
2002Year Built
0.5 acresLot Size
$175Price/Sq.Ft.
Source:AMLSNC #2140625
Redfin Estimate
There isn’t enough information to generate an accurate estimate at this time. Learn More
BEST INVESTMENT PROPERTY IN RALEIGH - CURRENTLY ZONED R-10 WITH A DOUBLE LOT!! CLOSE TO NC STATE CAMPUS, IMMEDIATE AREA IS COLLEGE HOUSING. RANCH HOME WITH HARDWOOD FLOORS, TWO BEDROOMS (COULD BE THREE), ONE FULL BATH, LAUNDRY, AND A FULLY ENCLOSED PORCH THAT COULD BE ADDITIONAL LIVING SPACE (NOT HEATED OR COOLED CURRENTLY). NO KITCHEN APPLIANCES CONVEY. A MUST SEE!
TMLS #2140625
Dec 19, 2017
Sold
$775,000
$98/sq ft
Dec 19, 2017
Sold
$775,000
$98/sq ft
Sep 21, 2017
Listing Removed
—
Jul 18, 2017
Listed
$850,000
$107/sq ft
Jul 18, 2017
Listed
$850,000
$107/sq ft
TMLS #1609926
Dec 1, 2008
Sold
$799,000
$101/sq ft
Dec 1, 2008
Sold
$799,000
$101/sq ft
Oct 28, 2008
Listing Removed
—
Jul 7, 2008
Listed
$850,000
$107/sq ft
Jul 7, 2008
Listed
$850,000
$107/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,045 (+0.4%)
$225,000 + $1,259,322
$1,484,322
2024
$12,991 (+26.9%)
$225,000 + $1,259,322
$1,484,322
2023
$10,234 (+7.6%)
$225,000 + $1,259,322
$1,484,322
2022
$9,514 (+4.0%)
$150,000 + $779,752
$929,752
2021
$9,146 (+1.8%)
$150,000 + $779,752
$929,752
2020
$8,981 (+7.5%)
$150,000 + $779,752
$929,752
2019
$8,353 (+6.0%)
$150,000 + $779,752
$929,752
2018
$7,881 (+5.0%)
$84,000 + $628,174
$712,174
2017
$7,509 (+2.1%)
$84,000 + $628,174
$712,174
2016
$7,355 (+14.2%)
$84,000 + $628,174
$712,174
2015
$6,439 (+5.4%)
$84,000 + $628,174
$712,174
2014
$6,110 (+7.0%)
$72,800 + $539,373
$612,173
2013
$5,711
$72,800 + $539,373
$612,173
2012
$5,711 (+1.0%)
$72,800 + $539,373
$612,173
2011
$5,655
$72,800 + $539,373
$612,173
Tax history for 1408 Crest Rd
Year
Property tax
Land + Additions
Assessment*
2025
$13,045 (+0.4%)
$225,000 + $1,259,322
$1,484,322
2024
$12,991 (+26.9%)
$225,000 + $1,259,322
$1,484,322
2023
$10,234 (+7.6%)
$225,000 + $1,259,322
$1,484,322
2022
$9,514 (+4.0%)
$150,000 + $779,752
$929,752
2021
$9,146 (+1.8%)
$150,000 + $779,752
$929,752
2020
$8,981 (+7.5%)
$150,000 + $779,752
$929,752
2019
$8,353 (+6.0%)
$150,000 + $779,752
$929,752
2018
$7,881 (+5.0%)
$84,000 + $628,174
$712,174
2017
$7,509 (+2.1%)
$84,000 + $628,174
$712,174
2016
$7,355 (+14.2%)
$84,000 + $628,174
$712,174
2015
$6,439 (+5.4%)
$84,000 + $628,174
$712,174
2014
$6,110 (+7.0%)
$72,800 + $539,373
$612,173
2013
$5,711
$72,800 + $539,373
$612,173
2012
$5,711 (+1.0%)
$72,800 + $539,373
$612,173
2011
$5,655
$72,800 + $539,373
$612,173
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Apr 16, 2025 • Final
Non-residential demolition
Demolish an existing residential building and disconnect utilities to prepare for a commercial project.
Demolition
Jan 31, 2025 • Active
Eng - stormwater control - stormwater control 2
Demolish an existing residential building and disconnect utilities to prepare for a commercial project.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Bathroom Fixtures: 25
Heating & Cooling
Air Conditioning Type: Separate System
Heating Fuel Type: Gas
Heating Type: Forced Air
Room Information
# of Rooms: 25
Exterior
Exterior Information
Building Style Type: Conventional
Exterior Wall: Aluminum Siding
Roof Shape Type: Gable
Building Type: Apartment
Property Information
Subdivision Name: COLLEGE VIEW
Living Sq. Ft: 7,920
Building Sq. Ft: 7,920
# of Units: 5
# of Stories: 3
Stories Type: 3
Legal Description: RCMB LT 3 COLLEGE VIEW BL1 BM2001-02019
Lot Information
# of Buildings: 1
Land Sq. Ft: 21,780
Legal Lot Number: 3
Legal Block Number: 1
Municipality Name: RALEIGH
Acres: 0.5
Zoning Code: RX-7
County Use Description: APARTMENT-WALK UP
Utility Information
Utility Type: All
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: 7,920
Stories: 3.0
Lot Size: 0.5 acres
Style: Multi-Family (5+ Unit)
Year Built: 2002
Year Renovated: 2007
County: Wake County
APN: 0793.06 38 5138 000
Home facts updated by county records on Nov 10, 2025
Around this home
Schools
Weatherstone Elementary School
Public PreK-5 • Assigned • 7.2mi
9/10
Davis Drive Middle
Public 6-8 • Assigned • 9.3mi
10/10
Athens Drive High
Public 9-12 • Assigned • 1.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Raleigh, NC • 27606
Average low and high temperatures (°F)
49
31
55
37
70
47
77
56
79
61
90
70
92
74
83
69
81
65
72
54
66
47
54
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.