ATTENTION INVESTORS! An exceptional investment opportunity awaits at 923 Ranch Farm Road in Raleigh! Whether you're looking for your next fix-and-flip project or an addition to your rental portfolio, this property offers exciting possibilities for investors seeking to capitalize on the Raleigh real estate market. Bring your vision, creativity, and renovation expertise to unlock this property's potential and maximize its value. Opportunities like this deserve a closer look! Schedule your showing today and explore the possibilities. Property owner is a licensed real estate agent.
Single-familyProperty Type
1940Year Built
0.45 acresLot Size
$159Price/Sq.Ft.
Listed by Vicente Barrios Barrios Hernandez• EXP Realty LLC
Renovation-ready. Old house on a quiet street, 10-15 minutes to downtown Raleigh in an excellent location. House has been a solid rental property. Current Rent is $1300/mo. Month to Month lease in place. New exterior paint and complete crawlspace overhaul completed Fall 2021. Home needs repairs & updates; built before building codes. No city taxes; located in ETJ. Septic, pumped 2020, Private well, LP gas. Large lot with mature trees, room to play. No HOA. Showings by Appt. Tenant Occupied.
TMLS #2045568
Apr 1, 2016
Sold
$90,000
$64/sq ft
Feb 5, 2016
Pending
—
Jan 17, 2016
Listed
$99,900
$71/sq ft
+4
Convenient to shopping, schools and downtown Raleigh. No city taxes or HOA fees. One level living with 3 bedrooms with fireplace in one bedroom or a 2 bedroom home with family room w/ fireplace. Hardwoods, large bath with updated walk in shower, enclosed porch, deck, one car carport, asphalt driveway, fenced dog area, storage building and nice flat back yard. Easy access to 70 and 40. Great investment opportunity.
Year
Property tax
Land + Additions
Assessment*
2025
$1,864 (+3.0%)
$120,000 + $168,242
$288,242
2024
$1,810 (+61.4%)
$120,000 + $168,242
$288,242
2023
$1,121 (+7.8%)
$120,000 + $168,242
$288,242
2022
$1,040 (+2.7%)
$48,000 + $93,263
$141,263
2021
$1,013 (+1.7%)
$48,000 + $93,263
$141,263
2020
$996 (+9.3%)
$48,000 + $93,263
$141,263
2019
$912 (+8.6%)
$48,000 + $93,263
$141,263
2018
$839 (+5.4%)
$30,000 + $79,189
$109,189
2017
$796 (+2.1%)
$30,000 + $79,189
$109,189
2016
$780 (+92.1%)
$30,000 + $79,189
$109,189
2015
$406 (+5.2%)
$30,000 + $79,189
$109,189
2014
$386 (+6.7%)
$40,000 + $71,217
$111,217
2013
$362
$40,000 + $71,217
$111,217
2012
$362
$40,000 + $71,217
$111,217
2011
$362
$40,000 + $71,217
$111,217
Public record
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.45 Acres
Year renovated
1965
Finished Sq. Ft.
1,391
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,391
Year built
1940
Style
Single Family Residential
County
Wake County
APN
1701.13 22 3766 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
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
57% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27603
Average low and high temperatures (°F)
49
28
55
35
70
45
77
54
79
59
90
68
91
72
82
67
81
62
71
51
66
43
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 923 Ranch Farm Rd
$224,650
$350 under list price of $225K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $265K to $374K.