Just minutes from Downtown Raleigh, this brick ranch home in Raleigh's growing Lockwood neighborhood presents an exciting opportunity for investors, builders, or buyers looking for their next project. Situated on a spacious . 34-acre corner lot, the 1962 single-family home offers approximately 1,000 square feet with 3 bedrooms and 1.5 baths -- making it an ideal tear-down, renovation, rental property, or fixer-upper opportunity in a location where land and proximity to downtown continue to grow in value. The oversized corner lot is truly the standout feature, offering exceptional potential in an area surrounded by ongoing growth and redevelopment. Conveniently located near WakeMed Hospital, Raleigh Country Club, Alamo Drafthouse Cinema Raleigh, I-440, and all the dining, entertainment, and energy of Downtown Raleigh, this property is perfectly positioned for someone ready to reimagine its next chapter.
Single-familyProperty Type
1962Year Built
0.34 acresLot Size
$280Price/Sq.Ft.
Listed by Annette Holt• Compass -- Cary
Listed by Davis Holt• Compass -- Cary
Bought with Cieraca Rhodes• The Vanyette Realty Group, LLC
Est. $1,751 per month, based on comparable rentals
Sale and tax history for 2467 Milburnie Rd
Sale History
Tax History
Date
Event
Price
TMLS #10168560
Aug 27, 2026
Sold
$305,000
$280/sq ft
Aug 10, 2026
Pending
—
Jul 25, 2026
Price Changed
$365,000
$335/sq ft
May 20, 2026
Listed
$380,000
$349/sq ft
TMLS #2417694
Jan 25, 2022
Sold
$405,000
$372/sq ft
Dec 18, 2021
Pending
—
Nov 5, 2021
Listed
$450,000
$414/sq ft
+7
Potential for subdivision into two lots. Seller has hired surveyor and engineer to start the process, but buyers are welcome to take over! Otherwise, a well kept brick ranch in hot neighborhood!
Year
Property tax
Land + Additions
Assessment*
2025
$3,181 (+0.4%)
$210,000 + $152,510
$362,510
2024
$3,168 (+24.7%)
$210,000 + $152,510
$362,510
2023
$2,542 (+7.6%)
$210,000 + $152,510
$362,510
2022
$2,362 (+4.0%)
$120,750 + $110,590
$231,340
2021
$2,271 (+1.8%)
$120,750 + $110,590
$231,340
2020
$2,230 (+46.0%)
$120,750 + $110,590
$231,340
2019
$1,528 (+6.0%)
$120,750 + $110,590
$231,340
2018
$1,441 (+5.0%)
$48,000 + $82,101
$130,101
2017
$1,373 (+2.1%)
$48,000 + $82,101
$130,101
2016
$1,345 (+32.6%)
$48,000 + $82,101
$130,101
2015
$1,014 (+5.4%)
$48,000 + $82,101
$130,101
2014
$962 (+6.9%)
$28,000 + $68,017
$96,017
2013
$900
$28,000 + $68,017
$96,017
2012
$900 (+1.0%)
$28,000 + $68,017
$96,017
2011
$891
$28,000 + $68,017
$96,017
Public record
Public record
Zoning
Beds
—
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
1992
Sq. Ft.
1,066
Year built
1962
Style
Single Family Residential
County
Wake County
APN
1714.20 82 9058 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-6
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.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Property details
Interior
Bathroom Information
Bathrooms Full: 1
Bathrooms Half: 1
Bedroom Information
Bedrooms Total: 3
Main Level Bedrooms: 3
Interior Features
Flooring: Hardwood, Tile
Exterior
Building Information
Construction Materials: Brick, Vinyl Siding
Building Area Total: 1088.0
Structure Type: House
Exterior Features
Foundation Details: Pillar/Post/Pier
Roof: Shingle
Property information
Living Area: 1,088
Above Grade Finished Area: 1088.0
Below Grade Finished Area: 0.0
Levels: One
Lot Information
Lot Size Acres: 0.34
Lot Size Area: 0.34
Lot Size Square Feet: 14810.0
Lot Size Units: Acres
Zoning: R-6
Financial
Tax Information
Tax Annual Amount: 3181.45
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Central
Cooling: Yes
Cooling Information: Central Air
Location
HOA Information
Association: No
Location Information
County Or Parish: Wake
Directions: Take I-40 E toward Raleigh. Exit onto I-440 E/US-1 N toward Rocky Mount/Wilson, then take Exit 13A for New Bern Avenue. Continue on New Bern Avenue, turn left onto Milburnie Road.
Latitude: 35.78832
Longitude: -78.598875
Postal Code: 27610
Road Responsibility: Public Maintained Road
Community Information
Senior Community: No
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 1,066
Stories: 1.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1962
Year Renovated: 1992
County: Wake County
APN: 1714.20 82 9058 000
Home facts updated by county records on Aug 10, 2026
Other
Listing Date Information
Contract Status Change Date: 2026-08-31
Documents Change Timestamp: 2026-05-20T19:18:41Z
Photos Change Timestamp: 2026-05-20T20:00:06Z
Price Change Timestamp: 2026-07-25T11:15:31Z
Listing Price Information
Previous List Price: 380000.0
Around this home
Schools
Douglas Elementary
Public PreK-5 • Assigned • 4.0mi
4/10
Martin Middle
Public 6-8 • Assigned • 5.1mi
7/10
William G Enloe High
Public 9-12 • Assigned • 0.4mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk 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
55% 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 • 27610
Average low and high temperatures (°F)
49
29
54
35
70
46
77
54
78
60
89
68
90
73
82
67
81
64
72
51
66
44
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 29% for direct sun exposure in Raleigh. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$303,000 – $367,000
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